World Debt Figures : 2015
Published By: CADTM | Published Date: January, 01 , 2015Since the 1980s, public debt, both in the Third World countries and in the
industrialised nations, has been systematically used to impose austerity policies in the name of structural adjustment. Accusing their predecessors of ‘living beyond their means’ through overuse of loans, most governments in power since then have imposed an adjustment of public spending, and in particular social spending, which forces people to tighten their belts.
Author(s): Eric Toussaint, Antonio Sanabria, Daniel Munevar, Pierre Gottiniaux | Posted on: Apr 22, 2016 | Views()