Posted on July
1, 2015 by yanisv
Negotiations have stalled
because Greece’s creditors (a) refused to reduce our un-payable public debt and
(b) insisted that it should be repaid ‘parametrically’ by the weakest members
of our society, their children and their grandchildren
The IMF, the United States’
government, many other governments around the globe, and most independent
economists believe — along with us — that the debt must be restructured.
The Eurogroup had previously
(November 2012) conceded that the debt ought to be restructured but is refusing
to commit to a debt restructure
Since the announcement of the
referendum, official Europe has sent signals that they are ready to discuss
debt restructuring. These signals show that official Europe too would vote NO
on its own ‘final’ offer.
Greece will stay in the euro.
Deposits in Greece’s banks are safe. Creditors have chosen the
strategy of blackmail based on bank closures. The current impasse is due to
this choice by the creditors and not by the Greek government discontinuing the
negotiations or any Greek thoughts of Grexit and devaluation. Greece’s place in
the Eurozone and in the European Union is non-negotiable.
The future demands a proud
Greece within the Eurozone and at the heart of Europe. This future demands that
Greeks say a big NO on Sunday, that we stay in the Euro Area, and that, with
the power vested upon us by that NO, we renegotiate Greece’s public debt as
well as the distribution of burdens between the haves and the have nots.
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