Archivo de la etiqueta: illegitimate debt

Gina Ekholt: Creditors are also liable for public debts (Epikaira, Greek weekly magazine)


Fuente: Blog Leonidas Vatikiotis, miembro de ELE Grecia.

 SLUG Norway

New fact on the debt issue, even within Europe, creates the Norwegian Government’s decision to launch on August 15, 2013 official audit on whether the debt that a number of developing countries owe her, is legitimate. The “new” fact that the Norwegian Government introduces concerns the liability of the creditor. Also, it highlights, the moral obligation of the creditor to prove that the debt owed by other governments is indeed legal! This is a big step forward, which if it is applied by other governments, it may mark a radical change in the debt chart within the eurozone. A chart, that as it is now configured, is against the peripheral countries, who have been turn into debt colonies in the benefit of the center countries, who keep draining them. For instance imagine, the consequences of an audit of the debt that Greece owes to Germany, especially when it will examine the compatibility of the two loan agreements with the international law, with which Greece has been tied up, or the possibility of setting off what Greece owes today with the (multiple in value!) amounts that Germany owes to Greece since the Second World War. Indisputably, the move of Norway makes it difficult for Germany and the other countries who have loaned Greece to save their banks. It also gives new support to the countries that face debt crisis, to request debt audit, as a means to cancel part or even all of the public debt. Sigue leyendo