Tens of thousands of people came to Athens Syntagma Square to hear Greek Prime Minister Alexis Tsipras call for a 'No' vote in the upcoming Greek austerity referendum, July 4, 2015. Debets/Press Association. All rights reserved. I
A call on the IMF: Since July 2015, the IMF has called on European governments to forgive a significant chunk of the Greek government’s unrepayable debt. Why doesn’t the IMF itself forgive the debt owed to it by Greece? The IMF, in concert with the European Union, repeatedly and arrogantly dismissed sound economic advice and norms. The result: the Greek economy has suffered lasting damage and, even more grievously, Greek citizens have lost their voice in charting their own country’s economic future. Since European authorities are busy rewriting history, the IMF must forgive Greek debt to show that someone is accountable to the people of Greece.
In the latest Article IV report on Greece, the International Monetary Fund (IMF) begins its economic health check with this dramatic but, by now, depressingly familiar chart.
