Committee for the Abolition of Illegitimate Debt
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.
While the international media focused on the official meetings, no news outlets outside of Latin America have mentioned the Plataforma Alternativa conference — a parallel three-day meeting organized under the theme “Belying the ‘Peruvian Miracle.’” More than 1,200 people attended Plataforma Alternativa’s conference. Participants represented dozens of organizations and diverse countries.
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 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. I would suggest that they re-read Hemingway's masterpiece, For Whom the Bell Tolls.
What is at stake in Greece goes very far beyond merely financial questions. It goes beyond the question of the fate of a small and historically very badly governed country with weak institutions that has suffered abominably in the wake of the crisis over the last five years...It goes even beyond that very grave situation...It goes beyond that to the future of Europe and beyond that, to the meaning of the word democracy in our time.
Inter Press Service
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Why, given the failure of austerity economics, haven't we seen a policy shift to stimulation of the economy?...the push for yet greater austerity has less to do with a deep concern by Europe’s elites over debt—it is high but manageable—than as part of a stealth campaign aimed at dismantling rules and regulations that protect worker rights, unions, and the environment. Meanwhile Washington is concerned with the effect of the economic crisis on the viability of NATO.