Sepp Hasslberger: Greek Debt Truth Committee Finds Debt to be Illegal, Illegitimate, and Odious — Should Not Be Paid

03 Economy, 08 Wild Cards
Sepp Hasslberger
Sepp Hasslberger

The bankers want their pound of flesh, but the Greek people, even their parliamentarians, resist…

Hellenic Parliament’s Debt Truth Committee Preliminary Findings – Executive Summary of the report


The research of the Committee presented in this preliminary report sheds light on the fact that the entire adjustment programme, to which Greece has been subjugated, was and remains a politically orientated programme. The technical exercise surrounding macroeconomic variables and debt projections, figures directly relating to people’s lives and livelihoods, has enabled discussions around the debt to remain at a technical level mainly revolving around the argument that the policies imposed on Greece will improve its capacity to pay the debt back. The facts presented in this report challenge this argument. All the evidence we present in this report shows that Greece not only does not have the ability to pay this debt, but also should not pay this debt first and foremost because the debt emerging from the Troika’s arrangements is a direct infringement on the fundamental human rights of the residents of Greece. Hence, we came to the conclusion that Greece should not pay this debt because it is illegal, illegitimate, and odious.

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