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There has been “not one historical incidence” where austerity policies have led a country to get out from under a heavy debt burden.
Ashoka Mody, former IMF chief for mission to Ireland
1 – The debt is an instrument of domination.
2 – A partnership between States and Capitalists
3 - Portugal – Scenarios for a continued debt payment
3.1 – Proactive and radical continuation (Hypothesis I)
3.2 – A proactive amortised continuation (Hypothesis II)
3.3 – A prolonged continuation (Hypothesis III)
4 – An evaluation of the debt instalment not to be paid
5 – How to get out of this?