Greece
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Series: Yanis Varoufakis’s Account of the Greek Crisis: a Self-Incrimination
Varoufakis Surrounded Himself with Defenders of the Establishment
29 January 2018 - by Eric Toussaint
If you haven’t yet read Adults in the Room by Yanis Varoufakis, [1] order it from your bookseller. It has all the ingredients of a political thriller – suspense, plot twists and turns, betrayals and more. But what is interesting about the book is (...) -
Industrialists-Creditors order, SYRIZA-ANEL Vote and the People Pay the New Bill
17 January 2018 - by Leonidas Vatikiotis
A catastrophic multi-bill that brutally affects the interests of workers, consumers and the poor and lower middle classes was voted by the Greek government on Monday, January 15, amid strikes , closing the third assessment. Despite the (...) -
“Sellouts in the Room:” Éric Toussaint on the Greek Debt Crisis and SYRIZA Capitulation
3 January 2018 - by Eric Toussaint, Michael Nevradakis
ATHENS, GREECE – For years, throughout the severe economic crisis that has plagued Greece over much of the past decade, the international media and financial press have held Greece up as a striking example of financial folly and mismanagement. (...) -
[Podcast] Interview with Eric Toussaint on Greece’s debt and possible solutions
20 December 2017 - by Eric Toussaint, Dialogos Radio
An interview with Eric Toussaint of the CADTM and scientific director of the Greek Truth Commission on Public Debt, on the issue of Greece’s debt, the commission’s findings, and legal solutions for Greece’s debt burden. In English. Aired December (...) -
Interview published by Le Monde
Latin America: 200 years of the infernal cycle of debt
23 November 2017 - by Eric Toussaint, Marie Charrel
Eric Toussaint, of the CADTM (Committee for the Abolition of Illegitimate Debt), explains the difficulties encountered by States overly dependent on raw materials. With a PhD in Political Science and speaking for CADTM international, Eric (...) -
The Future of Greece
31 October 2017 - by Costas Lapavitsas
Syriza continues to oversee the implementation of austerity. But all is not hopeless in Greece. In Greece, it’s not quite accurate to talk about the “rise and fall” of the left-wing party Syriza. “Rise and plateau” would be more fitting. Syriza (...) -
ECB’s odious profits on the backs of the Greek people
17 October 2017 - by Eric Toussaint
Mario Draghi recently acknowledged that euro zone central banks had accumulated €7.8 bn in profits thanks to the Greek bonds the ECB (European Central Bank) bought in 2010-2012 as part of the SMP (Securities Markets Programme). To this must be (...) -
Yanis Varoufakis’s Account of the Greek Crisis: a Self-Incrimination
How Tsípras, with Varoufakis’s aid, turned his back on Syriza’s platform
18 September 2017 - by Eric Toussaint
Yanis Varoufakis traces his collaboration with Alexis Tsípras and his alter ego, Nikos Pappas, back to 2011. That collaboration gradually broadened, starting with 2013, to include Yanis Dragasakis (who became vice-Prime Minister in 2015). There (...) -
The Road to the Greek Hell is Paved with False EU and IMF Statistics
5 September 2017 - by Leonidas Vatikiotis
A new blatant intervention of the European Commission was triggered by the decision of the third Court of Appeal of Athens on August 1st, on the hearing of the former President of ELSTAT (Hellenic Statistical Authority), Andreas Georgiou, for (...) -
Yanis Varoufakis’s Account of the Greek Crisis: a Self-Incrimination
Varoufakis’s questionable account of the origins of the Greek crisis and his surprising relations with the political class
1 September 2017 - by Eric Toussaint
In his latest book Adults in the Room, Yanis Varoufakis gives us his version of the reasons behind the Tsipras government’s shameful capitulation in July 2015. It essentially analyses the period 2009-2015, though it makes incursions into earlier (...) -
Yanis Varoufakis’s Account of the Greek Crisis: a Self-Incrimination — Part One: Proposals Doomed to Fail
24 August 2017 - by Eric Toussaint
In his latest book, Adults in the Room (https://www.theguardian.com/books/2017/may/15/adults-in-room-battle-europes-deep-establishment-yanis-varoufakis-review), Yanis Varoufakis gives us his version of the events that led to the Tsipras (...) -
Preface to Eric Toussaint’s book on the Greek debt
Greece: our struggle against odious and illegitimate debt
11 August 2017 - by Zoe Konstantopoulou
It is with great joy and with a keen sense of my historical duty that I agreed to write the preface to the collection of articles by Éric Toussaint, which is being published in Greek by RedProject in 2017. Working with Éric Toussaint since (...) -
Greece: Refusing illegitimate debt – a struggle that unites
9 August 2017 - by Eric Toussaint
Nearly two hundred people had gathered at the Dexameni open-air cinema (in the Kolonaki quarter) in Athens on Monday 17 July to hear a talk and see two documents produced in liaison with the CADTM. The activity was organized jointly by the Truth (...) -
IMF substantial profits thanks to Greece (2010-2015)
10 July 2017 - by Dimitri Tzanninis
Ten Best Practices Yet to be Applied to the Greece Program, by Dimitri Tzanninis (former Greece Ministry of Economy and Finance, former IMF) USC Global Leadership Summit, 29-30 April 2016 Watch this video on Youtube Watch the Q&A (...) -
Memorandum–steamroller for the Greek people
2 June 2017 - by Leonidas Vatikiotis
The prerequisites passed by a tiny majority 153 MPs (in an overall number of 300) of the Greek government on May 18th, equivalents to a new super-memorandum, as the new measures which further deepen the poverty extend up to 2021, three years (...) -
Back to the Future of Austerity and Debtocracy!
15 May 2017 - by Leonidas Vatikiotis
The SYRIZA-ANEL made a deal with the creditors, signed in May 2, that was met with a great deal of enthusiasm from the markets. It is an agreement that will increase poverty and over-indebtedness, and will deal a blow to the country’s sovereign (...) -
On The Odiousness of Greek Debt
24 April 2017 - by Renaud Vivien, Ilias Bantekas
Abstract Unlike the popular narrative, which suggests that the Greek debt crisis was the result of lavish spending, this article demonstrates that the ‘crisis’ was generated by a transformation of purely private debt into public debt. This (...) -
How Europe cancelled Germany’s debt in 1953
27 February 2017 - by Jubilee Debt Campaign
The 1953 London Debt Accords show that European leaders know how to resolve a debt crisis in the interests of justice and recovery. Here are four key lessons for Greece’s debt crisis today. On 27 February 1953, an agreement was signed in London (...) -
Vulture Funds: Lessons from Greece
23 February 2017 - by Daniel Munevar
The experience of the Greek debt restructuring of 2012 serves as a good example to show how vulture funds operate and the costs they can impose in a country and its population. The Greek case is quite interesting as not only involved the first (...) -
“The Greek government and banks try to take away our homes every Wednesday at civil tribunals”
26 January 2017 - by Eva Betavatzi, Filippos Filippides
Prior to Greece’s joining the EEC (European Economic Community) in 1981, Greek banks granted mortgages with very high interest rates, reaching up to 25%. With the country’s entry into the EEC, rates dropped to 16%. Then, as soon as the euro was (...) -
Greece: The PSI and the process of bank recapitalization (2012-2016)
24 January 2017 - by Daniel Munevar
This section analyzes the impact of the debt restructuring of 2012 on Greek banks and the measures taken to ensure their proper recapitalization. It describes the role of the Hellenic Financial Stability Fund (HFSF) in this process and the (...) -
Secret IMF Documents on Greece commented by Eric Toussaint (CADTM)
16 January 2017 - by Eric Toussaint
The CADTM draws attention to two IMF documents dating from March and May 2010 that were kept secret. These authentic documents were placed at the disposal of the Truth Committee on Greek Public Debt by Zoe Konstantopoulou, the President of the (...) -
Some home truths about banks, pensions and Greek debt
10 January 2017 - by Anouk Renaud
On the 5th, 6th and 7th of November, the Truth Committee on Greek Public Debt met again in Athens to carry on its investigation. After studying the Greek public debt and in particular the Troika’s loan in 2010, the Committee enquired into the (...) -
Banks are responsible for the crisis in Greece
9 January 2017 - by Eric Toussaint
The present study shows that the Greek crisis that broke out in 2010 originated in private banks, not in excessive public spending. The so-called bail-out was designed to serve the interests of private bankers and those of dominant countries in (...) -
Four reasons why Greece should not have paid the IMF
14 December 2016 - by CADTM International
On 7 December 2016 Greece remitted €299 million to the IMF. This sum corresponds to a part of the “bail-out” that was granted in 2010 and is all at the same time illegal, illegitimate, odious and unsustainable. To start with, only 5% of the sums (...)
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