Robin Jaspert studies economic history at Frankfurt’s Goethe University and works as a research assistant in international relations and international political economy. In addition to his scholarship, he is involved in political education and movement activism.
Seventy years ago today, Germany’s debts from World War II were written off. Today climate activists around the world are protesting in front of German embassies to demand the cancellation of the debt of the Global South.
The Federal Reserve and the European Central Bank are withdrawing money from markets in the name of fighting inflation. But the move is aggravating the pressures of debt on the Global South — and pushing states toward ruinous austerity measures.