Archive for July 21st, 2014

21/07/2014

‘No way out for Greece while the same policies of austerity are implemented’

Human Wrongs Watch

By Russia Today* (RT), 20 July 2014 — Greece has become a social experiment for the implementation of the most extreme neo-liberalism aimed at not contaminating the eurozone during the first period of the crisis, with the same policies being followed now, Greek MEP George Katrougalos told RT.

Greece Uprising.Image of the Syntagma square garden. 100.000 people gathered at the centre of Athens on Sunday, 29/5/2011. It was the first day of the people's protest against IMF in european cities. | Author :Kotsolis at English Wikipedia

Greece Uprising.Image of the Syntagma square garden. 100.000 people gathered at the centre of Athens on Sunday, 29/5/2011. It was the first day of the people’s protest against IMF in european cities. | Author :Kotsolis at English Wikipedia

RT: The Wall Street Journal recently suggested the IMF owes Greece an apology for making its financial struggle worse than it originally was. How do you see it?

George Katrougalos: It’s obvious that the rules suggested by the IMF were more lethal for Greece than the disease itself, the crisis.

Just look at the numbers: when we entered this security mechanism our debt was at 120 percent of GDP, now it is at 175 percent, unemployment is now above 28 percent and the unemployment of the young people is at a stagnant number of 60 percent. This is social misery, without any kind of rebounding of the real economy.

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