We’ve lived so long under the spell of hierarchy—from god-kings to feudal lords to party bosses—that only recently have we awakened to see not only that “regular” citizens have the capacity for self-governance, but that without their engagement our huge global crises cannot be addressed. The changes needed for human society simply to survive, let alone thrive, are so profound that the only way we will move toward them is if we ourselves, regular citizens, feel meaningful ownership of solutions through direct engagement. Our problems are too big, interrelated, and pervasive to yield to directives from on high.
—Frances Moore Lappé, excerpt from Time for Progressives to Grow Up

Thursday, June 7, 2012

All the loans accorded by the Troika are illegitimate

Click here to access the transcript of an interview conducted by Croatian journalist Ana Benačić with Eric Toussaint.  

Toussaint provides many gems of truth that both clarify sovereign debts problems as well as point to solutions. The latter consists of powerful political tools of debt audits together with the concept of illegitimate debts that can be very useful for populist movements to support.

It is difficult for Americans to understand all the confusing organizations that join European countries together. Look at the following chart (from Wikipedia) to see one representation of this:
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