Odious debt

Last December, Cuba reached a historic agreement with the Paris Club to restructure its debt, following the default of the Caribbean island in 1986. According to the group of creditors, Cuba’s debt totalled 11 billion dollars in 2015, including charges accumulated through interest and penalties following default. The terms of the agreement provide that the Paris Club must write off the interest accumulated, totalling 8,500 billion dollars. Cuba, for its part agreed, to pay 2.6 billion (...)

Argentina, you have been much talked about since the night of 19 to 20 December 2001 when after three years of economic recession your people went down into the streets to shout their rejection of the neoliberal policies led by Fernando De la Rua and his sinister minister of the Economy, Domingo Cavallo. You showed the world that citizens can change the course of history.
Argentina, those events that resulted in the December 2001 uprising started with the IMF decision not to grant an (...)