“For Whom the Bell Tolls” Prime Minister Alexis Tsipras’ article | Le Monde newspaper: Europe At A Crossroad

Greek Left Review

originally published at Le Monde http://www.lemonde.fr/economie/article/2015/05/31/alexis-tsipras-l-europe-est-a-la-croisee-des-chemins_4644263_3234.html

On 25th of last January, the Greek people made a courageous decision. They dared to challenge the one-way street of the Memorandum’s tough austerity, and to seek a new agreement. A new agreement that will keep the country in the Euro, with a viable economic program, without the mistakes of the past.

The Greek people paid a high price for these mistakes; over the past five years the unemployment rate climbed to 28% (60% for young people), average income decreased by 40%, while according to Eurostat’s data, Greece became the EU country with the highest index of social inequality.
And the worst result: Despite badly damaging the social fabric, this Program failed to invigorate the competitiveness of the Greek economy. Public debt soared from 124% to 180% of GDP, and despite the heavy sacrifices of the people, the Greek economy remains trapped in continuous…

View original post 2,008 more words

Advertisements

One thought on ““For Whom the Bell Tolls” Prime Minister Alexis Tsipras’ article | Le Monde newspaper: Europe At A Crossroad

  1. I don’t know why Greece – and indeed all of Europe – isn’t considering the creation of public banks, as in North Dakota (and which other U.S. states are pursuing), or nationalizing banks, as in Iceland. Banks are a public necessity, like utilities, and should serve working people, not generate enormous profits for the elites.
    http://www.publicbankingpa.org/

    Like

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s