Credit won’t work: Why Ukraine’s state debt must be cancelled
On April 10 the World Bank updated its GDP prognosis for Ukraine to state that the Russian invasion was to shrink Ukraine’s economy by 45% in 2022 alone.[1] But that is a very optimistic prognosis. As by March 29th, the country’s direct one-time losses due to the invasion already exceed $1 trillion. Even prior to the invasions Ukraine already was one of the poorest and most indebted countries in Europe. Current budgetary expenditure on arms, humanitarian needs, and medical needs of the wounded have grown exponentially. That is why the IMF has already set up a fund to allow other countries steer more resources to Ukraine’s accounts following talks with Ukraine’s Ministry of Finance.






Abstract: Written in 1989, this article tells the true but unknown and dramatic story of Bolsheviks faced during the civil war with an unexpected national revolution of the oppressed Ukrainian people, the conflict-ridden relationships between Russian and Ukrainian communists and the great dilemma of what should be Ukraine: a part of the Soviet but, as in the imperial past, “one and indivisible” Russia or an independent Soviet state?
Obsèques d'Alain Krivine, à Paris, le 21 mars 2022. © Alain JOCARD / AFP
Notre camarade Alain Krivine nous a quittés aujourd’hui, à l’âge de 80 ans. Nous, camarades du NPA, nous associons à la douleur de sa famille, de ses proches, et de toutes celles et tous ceux qui se sont reconnus dans les combats qu’il a menés.
I want to go into the question of the resistance movement in Europe between 1940 and 1944 in detail. I want to do so especially because some comrades for whom I have respect, and whom I hope to see back in the Fourth International, the comrades of the Lutte Ouvrière group in France, have made it their special point of honour to raise this question against the Fourth International.

Professor Julia Steinberger researches and teaches in the interdisciplinary areas of Ecological Economics and Industrial Ecology. Her research examines the connections between resource use (energy and materials, greenhouse gas emissions) and societal performance (economic activity and human wellbeing). She is interested in quantifying the current and historical linkages between resource use and socioeconomic parameters, and identifying alternative development pathways to guide the necessary transition to a low carbon society. She is the recipient of a Leverhulme Research Leadership Award for her research project ‘Living Well Within Limits’ investigating how universal human well-being might be achieved within planetary boundaries.
It is not an exaggeration to say that what is currently happening in the heart of the European continent is the most dangerous moment in contemporary history and the closest to a Third World war since the Soviet missile crisis in Cuba in 1962.