Latin America: 200 years of the infernal cycle of debt

by Éric Toussaint

Committee for the Abolition of Illegitimate Debt | November 23, 2017

Eric Toussaint, of the CADTM (Committee for the Abolition of Illegitimate Debt), explains the difficulties encountered by States overly dependent on raw materials.

With a PhD in Political Science and speaking for CADTM international, Eric Toussaint has just published Le Systeme dette, histoire des dettes souveraines et de leur répudiation (Les Liens qui libèrent, 338 p., 19,50 €). (‘The Debt System: a History of Sovereign Debts and their Repudiation’.) He explains how countries that are over-dependent on raw materials fall into the debt trap.

Venezuela has partly defaulted. How did it come to this?

Venezuela is an emblematic case of the infernal cycle that Latin America has been struggling with over the last two centuries. It all began in 1810, when Simon Bolivar, a figurehead of the Spanish colonies in their fight for freedom, began borrowing from London in very unfavourable conditions to finance the wars of independence.

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Uruguay: Montevideo Declaration calls for unity in the struggle against neoliberalism

Granma | November 22, 2017

Photo: Prensa Latina

Following several days of exchanging experiences in the struggles against imperialism, transnational corporations, and neoliberal policies, the Continental Encounter for Democracy and Against Neoliberalism, held in Montevideo beginning November 16, concluded with a declaration that calls for the unity of Latin American progressive forces and social movements.Read More »

Nicaragua: Sandinistas Resoundingly Win Municipal Elections

teleSUR | November 06, 2017

Nicaragua’s Supreme Electoral Council Members

Nicaragua’s Supreme Electoral Council Members | Photo: EFE
Participation was somewhere between 52 and 53 percent, according to Nicaragua’s Supreme Electoral Council.

Nicaragua’s Supreme Electoral Council, CSE, With 98.7 percent of the vote gathered, announced the victory of the Sandinista National Liberation Front with 134 out of 153 mayoralties in dispute. The Independent Liberal Party obtained 12 mayors, followed by the Yatama party with 3. The Constitutionalist Liberal Party got 2 and the Nicaraguan Liberal Alliance achieved 1, leaving only one mayoralty unaccounted for.

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The new Bolivia continues to advance with Evo Morales


Granma | October 18, 2017

President Evo Morales has served the country for 11 years, despite fierce opposition from the local oligarchy and the U.S. Photo: ABI

Over a decade ago, when the government of Evo Morales took office in Bolivia, only 40,000 Bolivians received gas at home. Today, 3.5 million have access to the service where they live.

The nationalization of the hydrocarbon industry in 2006 resulted in economic progress for Bolivia. It allowed the country to multiply national gas export revenues from two billion dollars in 2005, to 31.5 billion dollars in 2016.Read More »

10 Amazing Places to Visit in Latin America

IN PICTURES: teleSUR highlights some of Latin America’s most incredible sites.

 teleSUR | September 27, 2017

Latin America has some of the world’s most amazing natural wonders, some that are well-known and some that are hidden treasures.With cultures dating back thousands of years and a biodiversity rivaling any other in the world, Latin America provides awe-inspiring destinations.
Angel Falls in Venezuela is the highest waterfall in the world at 979 meters.
Angel Falls in Venezuela is the highest waterfall in the world at 979 meters. Photo:EFE

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FARC, the letters mean more now in Colombia


Granma | September 14, 2017

The red rose and initials of the new Alternative Communal Revolutionary Forces identify the party which has been established by Colombia’s major former guerilla army. Photo:

Alternative Communal Revolutionary Forces (FARC). This is the name of the new political party with which former Colombian guerillas are looking to enter the country’s political arena, maintaining the initials they used fighting in the mountains, plains, and jungles for more than 50 years, as the Revolutionary Armed Forces of Colombia.

The name chosen goes beyond formalities and sends a clear message about the group’s objectives following the historic peace agreement signed in Havana last year.Read More »

Uruguayan and Spanish Groups Denounce US Venezuela Threat

teleSUR | 16 August, 2017

Members from several organizations and parties express solidarity with the Venezuelan government

Members from several organizations and parties express solidarity with the Venezuelan government | Photo: Frente Amplio
Representatives call for the international community to work “within the framework of the most unrestricted fulfillment of respect for human rights”.

Deputies from Uruguay’s ruling party have rejected the threat of possible U.S. military intervention against Venezuela as alluded to by President Donald Trump last week.

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Western Media ‘Irresponsible’ on Venezuela: Brazil’s Rousseff

teleSUR | August 11, 2017

Former Brazilian President Dilma Rousseff

Former Brazilian President Dilma Rousseff | Photo: EFE
The leftist Brazilian leader said that biased coverage of Venezuela is intended to facilitate certain political outcomes. 

Former Brazilian President Dilma Rousseff said during a BBC interview that Western media outlets are covering political issues taking place in Venezuela in an “irresponsible” manner.

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Evo Morales: “Now is the best time to unite”


Granma | July 21, 2017

Photo: Sergio Alejandro Gómez

MANAGUA.— President Evo Morales arrived in Managua on July 19, to commemorate the 38th anniversary of the Sandinista Revolution alongside the Nicaraguan people, and interact with participants to the 23rd meeting of the Sao Paulo Forum, which brought together leftist parties and movements from the region, through July 18.Read More »

Cuba Expresses Solidarity for Nicolas Maduro and Lula da Silva

teleSUR | July 14, 2017 Cuban President Raul Castro at the country

Cuban President Raul Castro at the country’s National Assembly on July 14, 2017 | Photo: AFP

President Raul Castro has repeated Cuba’s support for the Venezuelan government as it faces “an unconventional war” led by “imperialism” and the country’s “oligarchy” in a bid to topple President Nicolas Maduro with a coup.Read More »