MADRID, October 7 – 8

Assemblies of the Indignant, debt groups and others from all over the Spanish state gathered in Madrid for two days of activities under the umbrella “Living in Debtocracy”: the North learning lessons from the South. The groups examined the legitimacy of the debt now being claimed of citizens via massive social cutbacks and they laid plans to campaign for a comprehensive and participatory Debt Audit.

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2010  BELGIUM  2010


Campaigners call on Ministers to drop Pakistan’s debt to get the country back on its feet

WHEN: Friday, 15 October from 9 to 10am (right after the Ministers’ arrivals)

WHERE: In front of Justus Lipsius (European Council building where the Ministers will be meeting), Brussels

WHAT: Pakistani activists, wearing the traditional salwar kameez dress, chained to an enormous ball with “debt” written on it and a banner saying “Drop Pakistan’s Debt”.

As the Friends of Pakistan meet in Brussels this week to address the short and long term needs of the country following the devastating floods, campaigners will be calling on Ministers on Friday to drop Pakistan’s debt, if they really want to get the country back on its feet.

Now Pakistan needs to start work to recover from this unprecedented disaster, but it faces a huge debt burden. The country pays 44% of all taxes it collects repaying its debts, and hands over around 3 times more on debt than it spends on healthcare every year.

Money that would otherwise be swallowed by debt payment needs to be used for reconstruction and poverty reduction. The Friends of Pakistan cannot let the country’s huge debt burden add to the misery of the poorest people.

CO-organized by Oxfam, CADTM Belgium, CNCD, Eurodad, Jubilee Debt Campaign

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