Posts Tagged ‘IMF’

Stand with the Greek people

July 2, 2015
Greek referendum

Greek referendum

Greek bailout

Greek bailout

Global Justice together with Jubilee Debt Campaign have joined forces to stand with the Greek people against the brutal austerity policies that are being inflicted on them. In particular, to support initiatives like the Greek Debt Audit, which provides hope for people across Europe and the world. By examining and making democratic decisions on debt, we can stop international economic policies being driven by the interests of financial elites, and help create a more humane and rational economic policy.

The Greek people have suffered from some of the most brutal austerity policies carried out in modern Europe. This has not been ‘necessary pain’ designed to return the economy to balance. Today Greece’s debt is far higher than it was at the start of the economic crisis. How can this be? Because Greece was lent money simply to repay the reckless and corrupt loans of European banks.

It is not for society to pay for the risks of private banks

Just like the people of Asia, Africa and Latin America before them, the Greek people have been sacrificed so the banks can continue to profit.

It does not have to be this way. Alternative policies are possible. That’s why the current Greek government frightens European elites and they are Hell bent on crushing Greece. If we want the world to change, we have to support people who are proposing and trying to implement real alternatives.

Please sign and share petition.

Austerity has not worked for Greece, it has destroyed the Greek economy, GDP has fallen by 25% (this is more than countries suffered durung the Great Depression), the amount Greece is expected to pay back as a percentage of GDP is unprecedented in peacetime.

It was the previous corrupt Greek government that took on unpayable loans, it was bankers who lent at high risk and expect society to bail them out it is the Greek people who are being forced to pay the price, 4 in 10 kids live in poverty, infant mortality rate has increased by 43%, unemployment running at 25% (youth unemployment over 50%).

Austerity is not working. Debt has risen from 125% of GDP to 175% of GDP.

We are all Greeks now

June 28, 2015

The referendum is the opportunity for Greeks to reject EU-IMF-German bullying.

Greeks must stand firm against EU-IMF-German bullying, and the rest of Europe must stand with them.

Michel Bauwens:

To general astonishment, the response of the “institutions”, led by the IMF, was to demand even tougher measures to achieve the same targets. These include more severe increases in VAT, a lessening of the tax burden on enterprises and greater pension savings. If these demands are met, the government will not even be able to claim that it has shifted some of the increased tax burden away from workers and the poor.

For Greece as a whole, the prospect of a deal achieved on this basis would be simply appalling. The country would be forced to adopt harsh austerity measures dictated by the lenders, without any realistic possibility of substantial debt relief, or of a significant investment programme. The “institutions” are once again attempting to impose the policies that have failed abysmally since 2010, causing huge contraction of GDP, vast unemployment and mass impoverishment. It would be a national disaster accompanied by the complete humiliation of the Syriza government.

EU, is a Big Business lobby group, nothing more.

Common standards, open borders, free trade, common currency, trans-European highways, are all there to benefit Big Business.

For the last five years, IMF-EU-Germany has destroyed the Greek economy:

  • GDP shrunk by 25%
  • debt up from 125% of GDP to 175%
  • high unemployment
  • high suicide rate
  • incraese in food banks

Now IMF-EU-Germany are trying to put the jackboot in.

They did the same to Cyprus two years ago (I was in Athens at the time, then Cyprus).

It is not for society to bail out the banks when banks take a risk and it fails.

IMF-EU-Germany are determined to crush Syriza as they do not want their ideas to spread.

Greece is prepared to face down EU, something Cyrus lacked the courage to do.

If Cyprus had stood firm, as the Greeks must, it would have caused the euro to collapse, and Cyprus was only 5% of the euro.

If Greece is forced out with heads held high, yes, like Iceland they will have a few bad years then like Iceland they will recover.

Cyprus has no future whilst the EU jackboot crushes the life out of the country.

Greece is being told, agree to destroy your country or we will do it for you.

Greece has had the audacity to consult their own people which was more than Cyprus did.