STWR - Share The World's Resources

Today debt repayment has become a taboo subject, but we must pierce the smoke-screen of creditors and re-establish the historical truth. Repeated and generalised debt cancellation has occurred throughout history - often as a result of major social and political upheaval, writes Eric Toussaint.

The future of the Arab spring and the Indignados and Occupy Wall Street movements is very difficult to foresee, but one thing is certain: the fight to break the infernal cycle of debt is a vital one. If it is not energetically pursued, there is little chance of overcoming the next neo-liberal offensive, writes Éric Toussaint.

In response to the sovereign debt crises in Europe and across the developing world, many commentators are calling for a comprehensive audit and crucial reforms to international finance. Only mass mobilisation driven by clear objectives can make this possible, argues Eric Toussaint.

The internal public debt of the world's developing countries has increased significantly since the 1990s as a result of neo-liberal policy, yet it would take only billion a year over a period of 10 years for the entire population of these countries to have access to essential social services. By Éric Toussaint.

The convergence of the food, financial and climate crises shows populations the need to free themselves from the productivist model of capitalist society. Globalisation has not delinked or disconnected economies - which means the current crisis is only the beginning, argues Eric Toussaint.

The debt crisis that hit the advanced industrial countries in 2007 could radically change the conditions of indebtedness in developing countries in the near future - all the more so since some of them have already been severely affected by the world food crisis of 2008, writes Éric Toussaint.

The randomness of numbers sometimes throws up some striking coincidences. Behind the shadow plays conjured up by the zealous servants of neoliberal globalisation, the brutal backstage reality revealed itself this week, through the publication of two international statistics.

The Democratic Republic of Congo is a textbook case for those who wish to understand complex notions like the pillage of a country’s wealth, the intolerable loss of a State’s sovereignty, or the concept of odious debt, writes Eric Toussaint and Damien Miller.