Pillage not development: Egypt’s military junta & the European public banks

(this article initially appeared in Bankwatch Mail 50) Bread, freedom, dignity, social justice. These were core demands articulated during the democratic and inspirational Egyptian revolution in Tahrir Square at the beginning of this year. Beyond this, there was widespread support for improved public services to the poor, a shift from subservience to US foreign policy,...

Oil extraction → debt → oil extraction → debt → …

A new report published today by World Development Movement and Jubilee Debt Campaign on climate debt makes the connection between overuse of the world’s resources and unjust financial debt and poverty in the Global South. The climate debt crisis: Why paying our dues is essential for tackling climate change describes how Western governments and their international financial institutions like the IMF and...