RT
Greece is hard pressed
with debt and poverty. The country faces huge amounts of bailout loans.
Aris Chatzistefanou, journalist and documentary maker, says Greece is
facing an even bigger issue.
“When you have huge debt like the one that Greece and
other countries in the European periphery are facing, you start losing
levels of democracy and I’m afraid that has happened,” he told RT.
In response to RT’s question on way to help the
economy Aris Chatzistefanou said: Many progressive economists have said
for the last two or three years that these austerity measures will
create not only social genocide in Greece, but they will destroy the
infrastructure of the economy. And now we are talking about debt that is
still increasing after three austerity packages. And if everything goes
as planned, we will have a debt of 175 percent of GDP. Don’t forget
that before the IMF and the troika intervention in Greece, we had a debt
of 115 per cent. So it’s exactly these austerity measures that create
the problem.
Aris Chatzistefanou said: There are many alternative
plans for example, default, because everyone knows that right now it’s
impossible to repay a huge debt like that – even if we accept that it’s
legal. And many people say that it’s not legal. That it’s illegal. Many
other economists have spoken about exiting the eurozone. Even Paul
Krugman has characterized the eurozone as a straightjacket for Greece
which created this huge debt to the economy.
RT asked about situation in Athens.MORE
http://rt.com/op-edge/greece-protest-austerity-teargas-164/
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