Preliminary Report of the Truth Committee on Public Debt

18 June 2015 by Truth Committee on the Greek Public Debt

The Truth Committee on Public Debt (Debt Truth Committee) was established on April 4, 2015, by a decision of the President of the Hellenic Parliament, Ms Zoe Konstantopoulou, who confided the Scientific Coordination of its work to Dr. Eric Toussaint and the cooperation of the Committee with the European Parliament and other Parliaments and international organizations to MEP Ms Sofia Sakorafa.

Members of the Committee have convened in public and closed sessions, to produce this preliminary report, under the supervision of the scientific coordinator and with the cooperation and input of other members of the Committee, as well as experts and contributors.

PDF - 1 Mb
Download the Preliminary Report of the Truth Committee on Public Debt

The authors are grateful for the advice and input received from other members of the Truth Committee on Public Debt as well as other experts, who contributed to the Committee’s work during the public sessions and hearings and the closed or informal consultations.

The authors are grateful for the valuable assistance of Arnaoutis Petros Konstantinos, Aronis Charalambos, Bama Claudia, Karageorgiou Louiza, Makrygianni Antigoni and Papaioannou Stavros.

The preliminary report chapters were coordinated by:

Bantekas Ilias
Contargyris Thanos
Fattorelli Maria Lucia
Husson Michel
Laskaridis Christina
Marchetos Spyros
Onaran Ozlem
Tombazos Stavros
Vatikiotis Leonidas
Vivien Renaud

With contributions from:
Aktypis Héraclès
Albarracin Daniel
Bonfond Olivier
Borja Diego
Cutillas Sergi
Gonçalves Alves Raphaël
Goutziomitros Fotis
Kasimatis Giorgos
Kazakos Aris
Lumina Cephas
Mitralias Sonia
Saurin Patrick
Sklias Pantelis
Spanou Despoina
Stromblos Nikos
Tzitzikou Sofia


The work of the Truth Committee in Public Debt
Definition of terms and acronyms
Chapter 1: Debt before 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.


Chapter 2: Evolution of the Greek public debt during 2010-2015
Chapter 3: Greek public debt by creditor in 2015
Chapter 4: Debt mechanism in Greece
Chapter 5: The conditionalities against sustainability
Chapter 6: The impact of the “bailout programme” on human rights
Chapter 7: Legal issues surrounding the MOU and Loan Agreements
Chapter 8: Assessment of the debt as regards illegitimacy, odiousness, illegality and unsustainability
Chapter 9: Legal foundations for repudiation and suspension of Greek sovereign debt Sovereign debt Government debts or debts guaranteed by the government.

Preliminary Report of the Truth Commission on Public Debt


Truth Committee on the Greek Public Debt

Other articles in english by Truth Committee on the Greek Public Debt (17)


Other publications in english :

  • Bankocracy
    30 October 2015 - Eric Toussaint
  • World Debt Figures 2015
    31 March 2015 - Eric Toussaint, Daniel Munevar, Pierre Gottiniaux, Antonio Sanabria
  • Citizen Public Debt Audit - Experiences and methods
    5 March 2015 - Maria Lucia Fattorelli
  • Bank of the South. An Alternative to IMF-World Bank
    29 July 2014 - Eric Toussaint
  • The Life and Crimes of an Exemplary Man
    8 May 2014 - Eric Toussaint



35 rue Fabry
4000 - Liège- Belgique

00324 226 62 85