Author: Éric Toussaint

Éric Toussaint is the President of Committee for the Abolition of Illegitimate Debt (CADTM) Belgium.

  • 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 2020, the worst week since October 2008, the Dow Jones fell 12.4%, the S&P 500 fell 11.5% and the Nasdaq Composite fell 10.5%. The scenario … Keep reading »

  • 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 December 2015 he accepted all the injunctions formulated by a New York magistrate, who had ruled in the favor of vulture funds against Argentina. This … Keep reading »

  • 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. Although we do not know when it will break out, it is unavoidable, and its impact on world economy will be as significant as the … Keep reading »

  • Lessons from the Past: Markets, Plans, Bureaucracy

    Wilder Pérez Varona interviews Eric Toussaint on a range of issues dealing with the Russian Revolution, conducted on 8 May 2019 during the International Colloquium dedicated to Leon Trotsky. Keep reading »

  • Nicaragua: The Other Revolution Betrayed

    The violent repression against demonstrators protesting brutal neoliberal policies, which resulted in more than 300 people being killed by regime forces since April 2018, is just one of the reasons why different leftist social movements have condemned the Nicaraguan regime. Keep reading »

  • Greece: Alternatives and Exiting the Eurozone

    On 5 July 2015, by a referendum initiated by the government of Alexis Tsipras and the Hellenic Parliament, the Greek people overwhelmingly rejected the austerity measures imposed by the institutions that were known as the Troika. It was a splendid victory for democracy. However the agreement reached on Monday, 13 July will lead to fresh … Keep reading »

  • Differences between 1982 and 2007-2008

    In 1982, the external public debt crisis of the developing countries was triggered by the combined effects of the rise in interest rates imposed by the United States two years earlier, and the fall in prices of raw materials, particularly oil. The epicentre was in the South and the first casualties were the governments of … Keep reading »