Member of the international network of the Committee for the Abolition of Third World Debt. In this role he has participated in the 5th International Mission to Honduras following the coup d’Etat which overthrew the constitutional President Manuel Zelaya (2009).
"Vulture funds" refer to companies that buy insolvent debts for a song and later try to cash in on them by force. Billionaire Paul Singer has made it his specialty. Today he is intent on consolidating his fortune at the expense of the Argentinian people, while already setting his sights on Spain.
All bets are off between the IMF and the conservative Hungarian Prime Minister Viktor Orban. What’s bitten the former golden boy of the Atlanticists for him to suddenly want to introduce taxes on financial profits when it would be easy to raise additional taxes on work? And what if Mr Orban is right, asks Jérome Duval.
Profoundly affected by the financial crisis, the Spanish economy has moved into recession. Madrid has been compelled, or has deemed it necessary, to genuflect before the International Monetary Fund which has saddled it with a harsh austerity plan. The Zapatero government caved in even before the Spaniards had been given an opportunity to discuss other options.