Activists are directly addressing German Finance Minister @ChristianLindner who as Finance Minister of one of the #G7 countries, has influence on global finance and is also Deputy Governor for Germany in the IMF.
"Germany, like other Global North countries, has a historic responsibility in the climate crisis, in a way a climate debt to the rest of the world, and as one of the #G7 countries also an enormous influence on global politics." #G7GER
One of the #DebtForClimate activists who had glued themselves to the Finance Ministry in Berlin talks about the action:
"We are going to fight until the debt is cancelled!" #G7GER
• • •
Missing some Tweet in this thread? You can try to
force a refresh
FAQ #9
1/8: Why are we calling for debt cancellation? And not for debt relief⁉️
Read and share this!📝
#debtjustice #debtcancellation #DebtforClimate #cancelthedebt #DebtEmergency
2/8 The pure concept of ‘debt relief’ or ‘debt forgiveness’ sounds a lot like it’s upon the rich world to show kindness and help those poor, poor countries in debt distress.
3/8 In terms of reflecting on the history of power imbalance and exploitation between the North and the South though, it’s not a matter of charity‼️
#ColineFay faces LIFE in prison for attending a peaceful demonstration in Senegal.
The foreign affairs minister @MinColonna is still not replying.
The government is changing, but there is #NoChangeForColine
Please RT
🧵
1/8
Coline had been working in Senegal as a physiotherapist for the past year. On November 17th, Coline was arrested at a peaceful demonstration calling for the opposition leader, Ousmane Sonko, to be able to stand in the general elections in Senegal.
2/8
#ColineFay was charged with crimes associated with terrorism and espionage, which could mean a life sentence. She was only exercising her right of freedom of speech.
🧵 1/7
Why we target the IMF & World Bank?
Institutions like the IMF and the World Bank are built on inequality and colonial systems. They structurally disadvantage countries in the global South whose resources are stolen and become stuck in mountains of debt.
#DebtForClimate #CancelTheDebt #DebtJustice
Power bias of the IMF/WB
Voting shares are based principally on the size and ‘openness’ of economies. Therefore impoverished countries are structurally under-represented in decision-making processes. Sizes of countries adapted to IMF voting shares 2/7 worldmapper.org/maps/politics-…
US veto power
Major decisions of the IMF and World Bank require 85% agreement. The US has over 15% of voting shares and can therefore veto on any major decision. Moreover, the presidents of WB and IMF have always been from the US and EU.
3/7 brettonwoodsproject.org/2019/06/what-a…
1/5 Do you want to know why is the debt illegitimate?
Read the thread and feel free to reply to us with your thoughts on the illegitimate debt 🧵👇 #DebtForClimate#DeudaXClima
2/5 The creditors we're targeting - @IMFNews and the @WorldBank, development banks, commercial banks, and mega-investors - are truly the debtors of the people and the earth they continue to exploit. 👇#DebtForClimate
3/5 💯This is their climate and neocolonial debt. This is why the debt that they hold, the one that's currently legal, is illegitimate: it perpetuates exploitation and is the exact opposite of the climate and neocolonial debt that remains to be paid. 👇#DebtForClimate
2/14 History taught us how intelligent debt policy works. February 27, 2023, marks the 70th anniversary of the cancellation of 🇩🇪’s debt. This contributed decisively to the reconstruction of a heavily war-torn country. erlassjahr.de/themen/londone…#DebtForClimate#LondonAgreement1953
3/14 Through the #LondonAgreement1953, signed on February 27, 1953, during the the age of bloc confrontation, the young 🇩🇪 nation was closely tied to the Western defense alliance. #DebtForClimate#CancelTheDebt
👇🧵
💥Debt Cancellation - Possible for Germany in 1953, not possible for the Global South today?!💥
Mon, 27 Feb, will be the next global action day of #DebtForClimate with actions happening around the world on a historic date for debt cancellation! #LondonAgreement1953
We would like to remind you of what we're doing and why, and welcome everyone to join us! 👇
➡️ 11:00 a.m. rally @Ministry of Finance in Berlin
➡️ 19:00 p.m. panel discussion with MAPA-activists @Mehringhof, Gneisenaustraße 2A
🎉 And we have reserved some surprises of course!
Why is 27 Feb so important?
27 Feb 2023 will be the 70th anniversary of Germany's debt cancellation after the 2nd World War, as agreed upon in the #LondonAgreement1953, which partially led to the country's "Economic Miracle".