New “bailout” loan to Greece? No thanks!
Greece does not need yet another usurious loan from the Troika – it needs a way out!
Three and a half years after submitting to the Troika's lending mechanism, the Greek national debt has skyrocketed to 180% GDP, while before the Troika the debt was at 120%.
The recession has reached unimaginable levels and millions of Greek households have been pushed into impoverishment, without any prospect of a better future.
The crisis generation – those aged 15–24 – is 65% unemployed. There have been almost 4,000 suicides due to financial hardship, and still counting.
The so-called bailouts are tying the country down into a vicious circle of exhaustion and dependency, only for the sake of the speculators.
The Greek experiment should stop now, before it is too late. No more “saving”, please!
We need a totally new approach: the principle of Seisachtheia. When countries are in “a state of necessity”, repayment of the burdensome debt must be put aside. The necessity for survival and human dignity must come before repayment of a debt.
Several countries have already used this international principle to write off or suspend their exorbitant debts, as a condition for their recovery (Argentina 2002, Ecuador 2008, Iceland 2011, etc).
The German Public debt was written off to a great extent in 1952, as part of an international agreement to support the ravaged country.
Today, it is morally unacceptable for Europe to make money at the expense of their exhausted partners.
Our lives should come before the whims of the financial murderers!