ECB

A Modern Greek Tragedy Foretold

Bennet Baumer
The Indypendent
Greece's former finance minister under the radical Syriza government offers a revealing tell-all about modern capitalism through his battles over Greece’s debt with the “Troika”: the International Monetary Fund, the European Commission and the European Central Bank (ECB), and eventually with his own prime minister.

These Four Elections Could Decide the Future of Europe - A Coming Storm?

Conn Hallinan
Foreign Policy in Focus
In upcoming votes for the European Union's most indebted countries, the left will have to battle both the forces of austerity and a resurgent xenophobic right. The backdrop for elections in Greece, Portugal, Spain, and Ireland is one of deep economic crisis originally ignited by the American financial collapse of 2007-08. The response of the EU is massive cutbacks in government spending, widespread layoffs, and double-digit tax hikes on consumers.

What Was Good for Germany in 1953 is Good for Greece in 2015

Larry Elliott Economic editor
The Guardian (UK)
Economic assistance under the Marshall plan was important to both countries, but it was the granting of debt relief that made a difference to the Germans. After World War II, Germany not only received direct transfers of money - aid through the Marshall plan. Far more important than the $1.4bn was the granting of debt relief at the London conference of 1953.

Preliminary Report of Greek Parliament Debt Truth Committee - Debt Cannot and Should Not Be Paid

Debt Truth Committee, Hellenic Parliament
Committee for the Abolition of Third World Debt
The Hellenic Parliament established the Truth Committee on Public Debt mandating the investigation into the creation and growth of public debt, and the impact the conditionalities attached to the loans have had on the economy and the population. All the evidence we present shows Greece not only does not have the ability to pay this debt, but also should not pay this debt because the debt is a direct infringement on the fundamental human rights of the residents of Greece

Europe at a Crossroads; Greece Puts Off IMF Payment; Call for Solidarity by European Left

Alex Tsipras
Le Monde
Europe is at a crossroads..the decision is now not in the hands of the institutions...but rather in the hands of Europe's leaders. Which strategy will prevail? The one that calls for a Europe of solidarity, equality and democracy, or the one that calls for rupture and division? If some think or want to believe that this decision concerns only Greece, they are making a grave mistake.

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