The Dark Days of the ‘Greek’ Memorandum of Understanding

(The following article is a speech delivered on May 11th 2011 in Aristotle University of Thessaloniki)

 At first, I would like to thank the Dean of the Faculty of Engineering of Aristotle University of Thessaloniki for inviting me to speak in today’s conference on the Greek debt. My speech includes a description of the current situation a year after the adoption of the ‘Greek’ Memorandum of understanding, a presentation of the dark prospects outlined in the discourse on the public debt restructuring and finally, an analysis of the only alternative, which favours the social majority and  public interest and is summed up by the claim for suspension of payments and the debt write-off,  entirely or partly.

 The German journal ‘Der Spiegel’ publication on Friday 6th of May 2011, which presented the Greek government discussing and pursuing a euro exit, pointed out in the most official way the policies’ failures that have been followed thus far in order to solve the Greek debt crisis.

 The term failure refers to the nominal targets of this policy, which focused on Greece’s gradual return to the markets, from where the Greek state could borrow again under better terms.

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Παράθυρα Λογοτεχνίας για Νέους

Intellectum 10