Greece
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Memorandum between Greece and the Troika: from democracy to external diktat
20 August 2015 - by Tiago Stichelmans
The third programme between Greece and its creditors fails to promote local ownership. It is therefore difficult to see how it will succeed where its predecessors have failed. On Friday, 14 August, Eurozone finance ministers approved the (...) -
Greece : Assessment of the debt as regards illegitimacy, odiousness, illegality and unsustainability
20 August 2015 - by Truth Committee on the Greek Public Debt
Chapter 8, Assessment of the Debts as regards illegtimacy, odiousness, illegality, and unsustainability, provides an assessment of the Greek public debt according to the definitions regarding illegitimate, odious, illegal, and unsustainable debt (...) -
The ECB: Not just another vulture fund
19 August 2015 - by Olivier Bonfond, Renaud Vivien
On August 20, the European Central Bank (ECB) is expecting Greece to repay another € 3.2 billion. Drawing on the conclusions articulated in the report of the Truth Commission on the Greek Public Debt, the government could refuse to pay this (...) -
Greek forces to train in Israel as Syriza-led government deepens alliance
19 August 2015 - by Ali Abunimah
Greek, along with Italian, military forces are soon to train in Israel. This is the latest indicator of the deepening military alliance being forged between Israel and Greece’s government led by the leftist Syriza party. Last month, Israeli (...) -
Greece : The conditionnalities against sustainability
17 August 2015 - by Truth Committee on the Greek Public Debt
Chapter 5, Conditionalities against sustainability, presents how the creditors imposed intrusive conditionalities attached to the loan agreements, which led directly to the economic unviability and unsustainability of debt. These (...) -
Greece’s way out?
14 August 2015 - by Sushovan Dhar
If the Greeks want to get out of this imprisonment, they have to adopt radically different measures — fiscal, financial, economic and of course, political. They must also be prepared to leave the Eurozone voluntarily. The Nobel laureate Jose (...) -
Debt Mechanism in Greece
11 August 2015 - by Truth Committee on the Greek Public Debt
Chapter 4, Debt System Mechanism in Greece reveals the mechanisms devised by the agreements that were implemented since May 2010. They created a substantial amount of new debt to bilateral creditors and the European Financial Stability Fund (...) -
Eric Toussaint’s speech at the presentation of the preliminary report of the Truth Committee
11 August 2015 - by Eric Toussaint
The Committee for the Truth on the Greek public debt presented its first findings in June 2015. Éric Toussaint, who coordinates the Committee’s works, summed them up during a public session of the Greek Parliament on 17 June 2015. It was a (...) -
Greece and beyond: Capitalism versus Democracy in Europe
10 August 2015 - by Michael Lowy
Let us begin with a quote from an essay on bourgeois democracy in Russia, written in 1906, after the defeat of the first Russian revolution : “It is highly ridiculous to believe that there is an elective affinity between grand capitalism today, (...) -
Greek public debt by creditors in 2015
5 August 2015 - by Truth Committee on the Greek Public Debt
Chapter 3, Greek public debt by creditor in 2015, presents the contentious nature of Greece’s current debt, delineating the loans’ key characteristics, which are further analysed in Chapter 8. The institutions that created the Troika are the (...) -
Open letter to Yanis Varoufakis: Plan B is democracy
1 August 2015 - by Thomas Coutrot
Dear Yanis Varoufakis, For five months, you have personified the hopes of many European citizens. You have brought a wind of intellectual rigor and honesty in the circle of gray men of the Eurogroup. You tried tenaciously to respect the (...) -
Eric Toussaint: “The president of the Greek parliament has rescued Syriza’s honor”
1 August 2015 - by Eric Toussaint, Fátima Martín
“Now the Tsipras government has made itself an accomplice to the creditors, violating human rights,” says Eric Toussaint, the scientific coordinator for the Truth Commission on the Greek Debt, formed under the auspices of the Greek parliament in (...) -
Evolution of the Greek public debt during 2010-2015
27 July 2015 - by Truth Committee on the Greek Public Debt
Chapter 2, Evolution of Greek public debt during 2010-2015, concludes that the first loan agreement of 2010, aimed primarily to rescue the Greek and other European private banks, and to allow the banks to reduce their exposure to Greek (...) -
Zoe Konstantopoulou’s speech in the Greek Parliament on 22 July 2015: The complete subordination of a democratic country to the will and demands of other governments is not an agreement
25 July 2015 - by Zoe Konstantopoulou
Admittedly the politically and personally painful moments which we have experienced in parliament during this term are multiplying. In my capacity as Speaker of the House, I sent a letter to the President of the Republic, Mr. Prokopis (...) -
Greece: The Consequences of the Capitulation
24 July 2015 - by Eric Toussaint
Very quickly after the Greek government and parliament capitulated to the creditors (European Commission, ECB and IMF) changes were made to the government. Alexis Tsipras replaced six ministers and vice-ministers (members of the Left platform (...) -
Why I’ve Changed My Mind About Grexit
24 July 2015 - by Daniel Munevar, Thomas Fazi
Daniel Munevar is a 30-year-old post-Keynesian economist from Bogotá, Colombia. From March to July 2015 he worked as a close aide to former Greek finance minister Yanis Varoufakis, advising him on issues of fiscal policy and debt sustainability. (...) -
Debt before the Troika
23 July 2015 - by Truth Committee on the Greek Public Debt
Chapter 1, Debt before the Troika, analyses the growth of the Greek public debt since the 1980s. It concludes that the increase in debt was not due to excessive public spending, which in fact remained lower than the public spending of other (...) -
Today Greece, tomorrow the world
20 July 2015 - by Mike Roscoe
Greece has been living beyond its means, having borrowed too much during the easy times. Its underlying economy is too weak to support its preferred lifestyle, which is why the Greek government is now being told by its main creditors, the IMF (...) -
The ECB destabilized the Greek economy to subject Greece to creditors’ demands
18 July 2015 - by Eric Toussaint, Rosa Moussaoui
Éric Toussaint interviewed by Rosa Moussaoui, Special envoy in Athens for L’Humanité Has Athens really been subjected to a financial coup d’état over recent weeks as claimed by many Greek and foreign observers? Éric Toussaint: Yes and no. What was (...) -
The impact of the “bailout” programme on human rights
16 July 2015 - by Truth Committee on the Greek Public Debt
The Troika’s bailout programme enforced government measures that directly impacted living conditions, thereby violating human rights legally protected at the domestic, European and international levels. According to the Greek Ombudsman, “the (...) -
Greece: Alternatives to the Capitulation
16 July 2015 - by Eric Toussaint
On 5 July 2015, by a referendum initiated by the government of Alexis Tsipras and the Hellenic Parliament, the Greek people overwhelmingly rejected the austerity measures imposed by the institutions that were known as the Troika. It was a (...) -
“Not at the cost of human rights” – UN expert warns against more austerity measures for Greece
15 July 2015 - by United Nations - Human Rights
ADDIS ABABA / GENEVA (15 July 2015) – The United Nations Independent Expert on foreign debt and human rights, Juan Pablo Bohoslavsky, today urged the European institutions, the International Monetary Fund and the Greek Government to fully assess (...) -
Black days: 4th August 1914 Germany and 13th July 2015 Greece
15 July 2015 - by Yorgos Mitralias
The black day 13th July 2015 Greece can claim a single historical precedent: August 4th, 1914, when the German Social-Democratic Party in the Berlin Reichstag spelled the beginning of the tragedy of the twentieth century, a tragedy whose (...) -
Legal Brief Prepared for the Special Committee of the Hellenic Parliament on the Audit of the Greek Debt (Debt Truth Committee)
13 July 2015 - by Olivier De Schutter, Margot E. Salomon
Abstract : This legal brief was prepared at the invitation of the Speaker of the Greek Parliament to inform the work of the Special Committee of the Hellenic Parliament on the Audit of the Greek Debt (Debt Truth Committee). It addresses key (...) -
Zoe Konstantopoulou: NO to ultimatums, NO to the memoranda of servitude
13 July 2015 - by Zoe Konstantopoulou
The speech delivered early in the morning of July 11 by Zoe Konstantopoulou, president of the Greek parliament, on the question of the government’s proposal to the creditor institutions: Ladies and gentlemen, At times like these we must act (...)
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