Spanish & gt; & gt; Economy
UPDATED: 07/09/2015 – 15:11
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STRASBOURG, July 8 (Xinhua) – Greek Prime Minister Alexis Tsipras, had no choice but to promise, as he did on Wednesday before the European Parliament (EP) in Strasbourg, an “honorable compromise” at a decisive moment that his government is making against EU institutions.
After the ultimatum issued Tuesday from Brussels by the European Council, the European Commission and IMF, Tsipras announced it will present in the next 48 hours a number of concrete measures and has sent a petition to the European solidarity mechanism for a new aid program.
While Greek banks remain closed and unrest paralyzes the country, time is short. Although representatives of the European institutions accuse him of not implement reforms immediately, Tsipras said his government has taken office only five and a half months ago, while the austerity measures presented as a solution to the crisis have been in place for more than five years.
How can you explain the scale of this disaster based only on the policies of the first half of 2015?
Since the beginning of the debt crisis in March 2010, Greece, more than any other European country, has suffered a particularly brutal form of austerity.
The standard of living has dropped below 2008, unemployment has increased, growth is stalled and tourism, key to the Greek economy has been affected significantly, while poverty is reaching out to a wider section of the population almost daily. Many voices even warn of an imminent humanitarian crisis.
Against this background, Tsipras, supported by more than 60 percent of Greek citizens who rejected the proposals of the creditors in the referendum on Sunday, is in its right to ask for a sustainable program to pay the debt.
The Greek Prime Minister announced his priorities, especially to fight against the oligarchs and posters, combat fraud and tax evasion and to modernize the state. These are ambitious projects to succeed, requires the effective support of the European partners of Greece.
The negotiations this week between Athens and Brussels, before the summit on Sunday, could be the Greece last chance. They have to move towards a firm commitment to finding a permanent solution to the debt crisis of Greece solution, and also the debt problems in other European countries, such as Portugal, Spain, Italy and even France countries.
What is usually called the Greek crisis is really a crisis at European level. Several MEPs noted that this reflects the inability of the EU to find a solution to the issue of public debt as a whole. Few still doubt what the consequences of a possible “Grexit” (Greek exit from the EU) for the old continent, and the domino effect that would cause the bankruptcy of Greece.
Some French MEPs They called upon to be carried out a restructuring of Greece’s debt, using the thesis of the economist Thomas Piketty. The author of the bestselling book “Capital in the XXI century,” all parties “must come to an agreement somehow.”
“Everyone must do their part to ensure that Greece is safe. The intransigence , ideology and nationalism will lead us to a catastrophe. The idea that (the creditor) get your money drowning the debtor is crazy, “he says.
The French economist is not the only advocate debt relief for Greece, following the example of Germany after World War II, a country sensitive to the issue of Angela Merkel.
At the London Conference of 1953, which brought the Allies during the war, negotiators agreed to reduce the debt of Germany by 60 percent, a debt that was in his time much higher than that of Greece today, reaching 200 percent of gross domestic product then Germany. Indeed, the subsequent “economic miracle” of Germany could not have happened if he had not forgiven the debt.
The Greek people are not claiming a miracle and meet their need for reform. But Athens has to to have European leaders once again implement the spirit of the founding fathers of the EU and the principle of solidarity.
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