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Demystifying Alexander Nahum Sack and the doctrine of odious debt

Eric Tousaint’s study of the odious debt doctrine by Eric Toussaint Part 11 - What were the arguments advanced by the United States? Spain had issued Spanish securities in Europe with French and British bankers in the name of Cuba. Spain was guarantor of the issuance of these securities and they were backed by revenue from the Cuban customs and other taxes. The majority, if not all, of the bonds issued by Spain in Cuba’s name and the wealth they generated remained in Spain. Strictly speaking, there was no such thing as a Cuban debt because Cuba, as a colony, did not have the right to issue securities on its own initiative or in its own name. The island’s finances were controlled exclusively by the Spanish government. There was no proof that the Spanish bonds secured by Cuba’s revenues were actually used for projects that were beneficial to Cuba. Quite to the contrary, the history of Cuba’s finances as a colony showed that revenue f

The army of lobbies has occupied the EU

globinfo freexchange An army is stationed in Brussels. Not only are the special forces of the Belgian armed forces, patrolling the streets of a city that is in a constant state of emergency. It is mainly the "airborne battalions" by approximately 91,000 employees of 9,860 lobbies who ensure that there will be neither a single decision which, even accidentally, will defend the interests of citizens against private enterprises. With an annual budget of 1.5 billion euro, they can buy, blackmail or simply ... hire almost any employee of the European institutions they wish. These numbers do not provide of course the full picture since they concern the lobbies that are voluntarily recorded in the corresponding archive. What is certain is that about 6,200 lobbyists have special access cards in the European Parliament (and they use them almost daily), while almost 30,000 people live and work steadily in Brussels with the sole aim to serve the interests

Ο στρατός των λόμπι κατέλαβε την Ε.Ε

του Άρη Χατζηστεφάνου Στις Βρυξέλλες σταθμεύει ένας στρατός. Δεν είναι μόνο οι ειδικές δυνάμεις των βελγικών ενόπλων δυνάμεων, που περιπολούν στους δρόμους μιας πόλης που βρίσκεται σε διαρκή κατάσταση έκτακτης ανάγκης. Είναι κυρίως οι «αερομεταφερόμενες μεραρχίες» από περίπου 91.000 υπαλλήλους σε 9.860 ομάδες πίεσης που εξασφαλίζουν ότι δεν θα υπάρξει ούτε μια απόφαση, η οποία έστω και κατά λάθος, να προασπίζεται τα συμφέροντα των πολιτών σε βάρος των ιδιωτικών επιχειρήσεων. Με ετήσιο δηλωμένο προϋπολογισμό 1.5 δισεκατομμυρίου ευρώ, μπορούν να εξαγοράσουν να εκβιάσουν ή απλώς να… προσλάβουν σχεδόν οποιονδήποτε υπάλληλο των ευρωπαϊκών θεσμών επιθυμούν. Οι συγκεκριμένοι αριθμοί δεν προσφέρουν βέβαια την πλήρη εικόνα καθώς αφορούν τα λόμπι που καταγράφηκαν εθελοντικά στο αρχείο των ομάδων πίεσης. Το βέβαιο είναι ότι περίπου 6.200 λομπίστες διαθέτουν ειδικές κάρτες εισόδου στο ευρωκοινοβούλιο (και τις χρησιμοποιούν σχεδόν καθημερινά) ενώ σχεδόν 30.000 άτομα δ

The Dutch elections: Very little reason to celebrate

This is ridiculous. Avaaz is circulating a petition to thank the "Dutch people" (whoever that may be) for "choosing hope, unity, and dialogue over hate, fear and old fascist rhetoric." They even claim that, "by rejecting Geert Wilders you've helped stop the rise of the far right everywhere." More generally, the coverage of these elections in the international press has been a complete disaster. by Mathijs van de Sande So: a quick note to my international friends, just to make sure that you all know what IS going on in the Netherlands, at the moment. First of all: to my great regret, the Dutch voters did NOT reject Geert Wilders. He actually GAINED five seats in parliament. It is true that, for a long time, polls predicted that he would win a much greater number of votes (and possibly even win the elections). Instead, Wilders' PVV came in second. But his power in parliament did increase, and so it's a grave exagger

‘Coup not over’: Lula, Rousseff lead 1000s in Brazil rally

The former presidents attended the inauguration of a popular water diversion project Former President Luiz Inacio Lula da Silva and ousted President Dilma Rousseff attended the San Francisco River Transposition, organized Sunday by leaders of social movements, artists and intellectuals in the Brazilian city of Monteiro. “ The coup is not over yet. It is underway with systematic lies like the one lived here in Monteiro, where someone, who never raised a finger to the diversion of these waters, dares to take credit for it now, ” Rousseff said, referring to the administration of Michel Temer. The rerouting of the river São Francisco to supply water to the population of Monteiro in the state of Paraíba, as well as other cities in the area, is an accomplishment of the previous governments of Lula and Rousseff. “ I am very proud to see the water come here, I fought a lot for this together with Lula, ” the former president said. A large gathering recei