Greek debt ‘illegal, illegitimate and odious’

19.06.2015 - Pressenza London

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Greek debt ‘illegal, illegitimate and odious’
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The BBC reports that “A committee convened by the Greek parliament has claimed much of the country’s debt of 320bn euros was illegally contracted and should not be paid.” “The concept of odious debt is established in international law where dictatorships or illegitimate governments have borrowed money and later been succeeded by democratic regimes.”

Telesur added that “A commission set up by the Greek Parliament has handed its report, claiming much of the country’s debt of over US$364 billion, was contracted illegally and should not be paid. Speaker Zoe Konstantopoulou, speaker for the commission, said the debt was “illegal, illegitimate and odious.” …”The Truth Committee’s report found that the adjustment program imposed on Greece has been politically motivated and that the country can not and should not pay the debt imposed by the Troika — the International Monetary Fund, the European Commission and the European Central Bank.”…and ““a direct infringement on the fundamental human rights of the residents of Greece.”

Categories: Economics, Europe, Human Rights


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