Initiative for the Formation of an Audit Committee of the public debt

Greece. Because of the statistical alchemy about public debt it is imperative: To open the books of the public debt and finance! Social control Now!

21 September 2011

A big moral issue emerges for George Papandreou’s Government after the revelation of the professor in the University of Macedonia and member of the board of the Hellenic Statistical Authority(EL.STAT.), Zoi Georganta, that the government, EU and the IMF IMF
International Monetary Fund
Along with the World Bank, the IMF was founded on the day the Bretton Woods Agreements were signed. Its first mission was to support the new system of standard exchange rates.

When the Bretton Wood fixed rates system came to an end in 1971, the main function of the IMF became that of being both policeman and fireman for global capital: it acts as policeman when it enforces its Structural Adjustment Policies and as fireman when it steps in to help out governments in risk of defaulting on debt repayments.

As for the World Bank, a weighted voting system operates: depending on the amount paid as contribution by each member state. 85% of the votes is required to modify the IMF Charter (which means that the USA with 17,68% % of the votes has a de facto veto on any change).

The institution is dominated by five countries: the United States (16,74%), Japan (6,23%), Germany (5,81%), France (4,29%) and the UK (4,29%).
The other 183 member countries are divided into groups led by one country. The most important one (6,57% of the votes) is led by Belgium. The least important group of countries (1,55% of the votes) is led by Gabon and brings together African countries.
“cooked” the statistic evidence!

The revelations of Zoi Georganta, that caused already the intervention of the attorney general who asked for a preliminary examination, shows that the public fiscal deficit for 2009 was up to 15,4% after alchemies with the purpose to deliver the unpopular measures which have applied. Mr. Papandreou’s government (which as the deputy minister of Finance, Filippos Sachinidis has said decided from October 2009 to send as to the slaughterhouse of IMF and the EU) wanted to show that the politics of “mnimonio” (the loan memorandum between the Greek government and the troika Troika Troika: IMF, European Commission and European Central Bank, which together impose austerity measures through the conditions tied to loans to countries in difficulty.

) are necessary and imperative. That’s why resorted to these unacceptable methods which aimed to deceive the public. The force to resignation from the minister Evangelos Venizelos, 5 from 6 members of the board of the Statistical Authority (with the exemption of the head of the office who came from the IMF) reminds acts of totalitarian regimes.

The intervention of the European statistic agency, Eurostat, in the statistical fraud shows that the so called independence of the agency is a lie!

Therefore the request of the Initiative for the Formation of an Audit Committee to put a light on public debt and all the public finances is urgent, after the revelations that the government-IMF-EU are completely unreliable and dangerous to manage for the society’s benefit such serious cases as the public debt.

Athens 19 September 2011



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