Author: Éric Toussaint
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France Election: Massive Mobilization of the Left
What are the results of the parliamentary elections in France on 7 July 2024? In the second round of France’s parliamentary elections on 7 July 2024, the National Rally (Rassemblement National, … Keep reading »
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International Food Crisis and Proposals to Overcome It
Contrary to a notion that spread in 2022, the global food crisis started before the Russian invasion of Ukraine and the rise in the cereal prices due to speculation. On … Keep reading »
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‘The Canary in the Coal Mine’: Sri Lanka’s Crisis is a Chronicle Foretold
Sri Lanka’s acute economic crisis and sovereign debt default, along with its people’s uprising in 2022, has drawn attention across the world. It is described as the ‘canary in the … Keep reading »
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Why Should Ukraine’s Debt be Cancelled?
Sushovan Dhar (SD): How much is the Ukrainian public debt and who are the main creditors? Eric Toussaint (ET): Ukraine’s external debt, public and private, is about $130-billion, half of … Keep reading »
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Rosa Luxemburg and Debt as an Imperialist Instrument
103 years back, Rosa Luxemburg was shot dead and her body flung into Berlin’s Landwehr Canal. However, she could not be wiped out from history as her life and works … Keep reading »
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The Coronavirus Pandemic has Widened Global Inequalities
Confronted with the coronavirus pandemic that started at the end of 2019-beginning of 2020, the governments of long-standing imperialist powers and private pharmaceutical corporations have widened the gap between the Global North and the Global South. Keep reading »
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An End to the Crisis? The IMF’s $650bn Special Drawing Rights Stimulus
CADTM: In late August 2021 the IMF announced that it would supply the global economy with $650-billion (US) to meet urgent needs. This would be achieved through an increase in … Keep reading »
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Ecuador Election: From Rafael Correa to Guillermo Lasso via Lenin Moreno
On 11 April 2021, Guillermo Lasso, the right-wing candidate, defeated Andres Arauz, the candidate supported by Rafael Correa and part of the Left, by 52.4% vs 47.6% in the second … Keep reading »
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A Country Is Entitled to Refuse to Repay a Debt
The following interview, given by Éric Toussaint to the Argentine review Mugica, has been adapted to make it accessible to readers who are not necessarily aware of the details of … Keep reading »
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No, the Coronavirus is Not Responsible for the Fall of Stock Prices
We are witnessing a big crisis in the stock markets on Wall Street, Europe, Japan and Shanghai, and many blame the coronavirus for it. In the last week of February … Keep reading »
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Argentina: Facing Another Debt Crisis
After four years of brutal neoliberal policies under Mauricio Macri as President, Argentina is again facing a major debt crisis. Let us remember that when Macri started his mandate in … Keep reading »
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Global Economic Volatility and Socio-Political Reactions
Trade and currency wars, financial volatility and economic turbulence are now the most important features of the world economy. The elements of a new international financial crisis are in place. … Keep reading »