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Debt Cancellation Debate Returns in France

Original: annulation de la dette

The Committee for the Abolition of Illegitimate Debt (CADTM) is reviving debate over cancelling or freezing debt held by the European Central Bank. The proposal, discussed on its site, argues that money owed to the ECB could be cancelled outright or shelved indefinitely without destabilising the eurozone. The idea is drawing attention among French-speaking economists and activists as public debt pressures mount.

Why now: Rising public debt in France and the eurozone is prompting renewed discussion of radical solutions like cancelling central-bank-held debt.

CADTMEuropean Central BankFranceeurozone

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Evidence

• Annuler la dette détenue par la BCE ou la mettre au frigo ? · CADTM

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