Home
Site Search
Donate
Homepage
About Us
Odious Debts Online
What are odious debts?
Odious debts campaigns
News articles
Legislation and precedents
Corruption
Publications
Essays and reports
Links
Join Us
Site Map
The Third World's Odious Debt
The South makes compelling moral arguments to cancel its foreign debts. But, it also has an indisputable legal case because the overwhelming majority of those debts are odious in law.
"If a despotic power incurs a debt not for the needs or in the interest of the State, but to strengthen its despotic regime, to repress the population that fights against it, etc., this debt is odious for the population of all the State."
- Alexander Sack, 1927
In 1927, Alexander Sack the world's pre-eminent legal scholar on public debts, defined the Doctrine of Odious Debts, which remains the ultimate legal source on that subject. The Doctrine of Odious Debts, though now 70 years old, helps bring clarity to today's complicated Third World debt situation, and fairness to a tragedy in which innocent Southern citizens pay, and corrupt and negligent borrowers and lenders get away scot-free.

News articles - Iraq

Printer friendly version                        Send to a Friend

Electronic Iraq.net   March 9/2006

Antiwar activists detained at House Appropriations Committee hearing   by Voices for Creative Nonviolence

Press Release

Washington, D.C. – Two activists were arrested last evening at the House Appropriations Committee hearing. Mike Ferner and Ed Kinane of Voices for Creative Nonviolence, interrupted the hearing to call for an end to funding of the war against Iraq. The Committee was considering, and subsequently approved, an additional $67 billion in supplemental funding for wars in Afghanistan and Iraq. Ferner and Kinane were released early this morning on charges of disrupting a Congressional committee hearing.

One of several amendments to the funding bill was offered by Rep. James Walsh's (R-NY), to shift funds earmarked for Veterans Administration hospitals. As soon as votes were cast on Walsh's amendment, Ferner rose and told the committee members that as a former Navy Hospital Corpsman during the Viet Nam war, "the best way to stop creating more wounded and disabled veterans is to stop this war.”

As committee chair, Jerry Lewis (R-CA), pounded the gavel Ferner continued, "In the name of the majority of Americans who now oppose this war we say, ‘Stop the killing.' Listen to the names of a few victims of this our government's war,” he added, and began reading a list beginning with two young Marines and two Iraqis. Seized by Capitol Police, Ferner was hustled from the chamber as he called out, 'These are the names of dead veterans…this government is violating international law...committing war crimes.”

Kinane, who held a banner that said, 'Stop the Killing,' as Ferner spoke, was also ejected from the hearing. The two were placed under arrest, charged with disturbing a Congressional committee hearing, and given dates to appear in D.C. Superior Court.

Since February 15, VCNV members have participated in a liquids-only fast and vigil at the U.S. Capitol. Four have gone without food as an act of solidarity with Iraqi citizens and as a call to the U.S. government and citizens to end the war against Iraq. This action is the second action of civil resistance carried out during the Winter of Our Discontent campaign. The first occurred on February 27 in which 7 people were arrested at the White House.

Key demands of the campaign include:

1) An immediate end to the U.S. occupation of Iraq;

2) Full funding of the reconstruction of Iraq by the U.S.;

3) Cancellation of the odious debt incurred by Saddam Hussein's regime, without any International Monetary Fund conditions; and

4) Cancellation of the war reparations charges imposed against Iraq by the U.N. for Hussein's invasion and occupation of Kuwait in 1990-91.




Argentina | Canada | Indonesia | Lesotho | Nigeria | South Africa | U.K.
Export Credit Agencies | Multilateral Development Banks | The Doctrine of Odious Debts
Homepage | Links | Join Us | Contact Us