Jul 6, 2015
United Nations Debt Expert Says Greece Can't Take More Austerity
Further austerity measures will jeopardize Greece’s chances of an
economic recovery, the United Nations International Debt Expert, Juan
Pablo Bohoslavsky, warned Monday.
“It's very clear the message from the Greek population - no more
austerity measures. Actually if you look at the figures, austerity
measures didn't really help the country to recover," Bohoslavsky stated.
His comments came after Greek citizens voted in historic referendum
Sunday, in which they elected to reject debt austerity proposals by
their European creditors.
Bohoslavsky called on Greece’s European creditors to incorporate the
principles of human rights into debt cancellation and financial lending
Greece owes billions to the IMF, the European Central Bank and the
European Union, after the financial institutions lent the country
massive bailout funds in 2010 and 2012, over 90 percent of which bailed
out banking institutions.
Several of the debt cancellation measures demanded by Greece's
international creditors – including pension cuts and new laws that make
it easier to lay off workers – clash with the promises made by Greece’s
new left-wing government to voters in January.
"The message here is that if the parties involved in the Greek tragedy
paid more serious attention to what human rights law has to say,
everything would be easier, for the Greek population
particularly,"involved in the Greek tragedy paid more serious attention
to what human rights law has to say, everything would be easier, for the
Greek population particularly," Bohoslavsky concluded.
Source : Telesur