Eurogroup: Rescue of the capital negotiated without the Greeks
Press release of the European Left on the results of the Eurogroup
First, the money, the result of the work of Europeans, will not benefit the Greek people and will not serve to build a healthy economy. Of the 34.4 billion, 23.8 will be used to pay cash the banks, which will continue to speculate instead of funding the countries’ economies, as long as the rules are not changed.
Secondly, the Greek people have already paid the crisis of finance. And these funds are only provided if the memoranda of the Troika and the Samaras government's commitments are respected, ie if the austerity cures are implemented. The humanitarian crisis is just beginning.
Last truth: blocking funds for the real economy, breaking public services, labor and social protection ... that is increasing the debt and postponing the reimboursment until decades. This is why the relief is ridiculous: it should ensure that debt does not exceed 124% of GDP by 2020, while it was around 80% before the crisis.
The Party of the European Left reaffirms its support for the SYRIZA-USF, as rectifying the situation in Greece can only happen through a political change towards progress, and will organize in 2013 a summit on the debt. Austerity policies must be stopped, a cancellation of illegitimate debts and massive investment to relaunch the Greek economy and create jobs needs to be the priorities.