{"id":43115,"date":"2019-01-24T08:06:36","date_gmt":"2019-01-24T13:06:36","guid":{"rendered":"https:\/\/olduvai.ca\/?p=43115"},"modified":"2019-01-24T08:06:38","modified_gmt":"2019-01-24T13:06:38","slug":"europes-debt-crisis-challenges-for-the-left-confronting-the-creditors","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=43115","title":{"rendered":"Europe\u2019s Debt Crisis: Challenges for the Left, Confronting the Creditors"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\"><a href=\"https:\/\/www.globalresearch.ca\/europes-debt-crisis-challenges-for-the-left-confronting-the-creditors\/5666349\">Europe\u2019s Debt Crisis: Challenges for the Left, Confronting the Creditors<\/a><\/h3>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.globalresearch.ca\/wp-content\/uploads\/2019\/01\/arton17040-0a092-400x194.png\" alt=\"\"\/><\/figure>\n\n\n\n<p><em>Second part of the interview given to LVSL. Here, the first part:<\/em><\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"alignleft\"><a href=\"https:\/\/www.globalresearch.ca\/the-doctrine-of-odious-debt-break-the-taboo-on-odious-debts-and-their-repudiation\/5664994\"><img decoding=\"async\" src=\"https:\/\/www.globalresearch.ca\/wp-content\/uploads\/2019\/01\/arton16985-18f6d-51x46.jpg\" alt=\"\"\/><\/a><\/figure><\/div>\n\n\n\n<p><strong><a href=\"https:\/\/www.globalresearch.ca\/the-doctrine-of-odious-debt-break-the-taboo-on-odious-debts-and-their-repudiation\/5664994\">The Doctrine of Odious Debt. Break the Taboo on Odious Debts and Their Repudiation<\/a><\/strong><\/p>\n\n\n\n<p><em><strong>LVSL:&nbsp;<\/strong>If we look at the case of Greece in 2015, we see that there was a change of regime when Syriza and Alexis Tsipras came to power, with strong popular support. And yet in the end, Tsipras downplayed and ignored the work of the Truth Committee on Greece\u2019s Public Debt, which you worked for. What are the political factors that interfered with this movement towards a possible repudiation of a portion of Greece\u2019s debt?&nbsp;<\/em><\/p>\n\n\n\n<p><strong>Eric Toussaint:&nbsp;<\/strong>Yes, it\u2019s obviously extremely important to analyse the case of Greece. In fact it was simply a matter of Alexis Tsipras being unable to adopt a strategy that was appropriate to the actual context in which Greece found itself. If you look at the Thessaloniki Programme presented in September 2014, which is the platform on which he was elected in January 2015 (see the excerpts from the programme in my&nbsp;<a href=\"http:\/\/www.cadtm.org\/The-Varoufakis-Tsipras-Line-was\">article<\/a>), there was a whole series of very important commitments in it that included a radical reduction of the debt. There were measures that would have brought about radical changes concerning the brutal austerity measures that were being taken, the privatisations, and the way in which the Greek banks had been bailed out. As Prime Minister, Tsipras took an approach that was not at all consistent with his programme and with the commitments he had made.<\/p>\n\n\n\n<p>But what is extraordinary, and absolutely needs to be underlined in Tsipras\u2019s case, is that a few days after he was elected in January 2015 and formed his government, before he had taken any measures whatsoever, on 4 February the\u00a0<a href=\"http:\/\/www.cadtm.org\/ECB-European-Central-Bank\">ECB<\/a>\u00a0cut off the normal flow of cash to Greece\u2019s banks (see\u00a0<a href=\"http:\/\/www.cadtm.org\/The-Varoufakis-Tsipras-Line-was\">this<\/a>\u00a0and\u00a0<a href=\"http:\/\/www.cadtm.org\/Varoufakis-Tsipras-move-towards\">this<\/a>). <\/p>\n\n\n\n<p>&nbsp;\u2026click on the above link to read the rest of the article\u2026<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Europe\u2019s Debt Crisis: Challenges for the Left, Confronting the Creditors Second part of the interview given to LVSL. Here, the first part: The Doctrine of Odious Debt. Break the Taboo on Odious Debts and Their Repudiation LVSL:&nbsp;If we look at the case of Greece in 2015, we see that there was a change of regime [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[195,17493,281,284,6110,1167,24104],"class_list":["post-43115","post","type-post","status-publish","format-standard","hentry","category-economics","tag-debt","tag-eric-toussaint","tag-europe","tag-european-union","tag-global-research","tag-greece","tag-le-vent-se-leve"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/43115","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=43115"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/43115\/revisions"}],"predecessor-version":[{"id":43116,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/43115\/revisions\/43116"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=43115"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=43115"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=43115"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}