Greece 's International Monetary Fund Essays

Greece 's International Monetary Fund Essays

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This year, the world is watching as Greece is standing up to economic terrorism coming from all sides, most notably the International Monetary Fund that has wanted the Greek government to implement austerity measures. The Greek people boldly made what Alexis Tsipras, the Prime Minister of Greece, called a "bold choice" ensuring that "democracy won 't be blackmailed". (Cendrowicz, Johnston & Savaricas, 2015) It 's not just the Greeks saying this, French Economy Minister Emmanuel Macron said that the EU couldn 't "crush an entire people", stating that compromises must be made. (Cendrowicz, Johnston & Savaricas, 2015) Even Bernie Sanders, who is a United States senator and running for the Democratic nomination for President, says that he applauds "the people of Greece for saying 'no ' to more austerity for the poor, the children, the sick and the elderly. In a world of massive wealth and income inequality, Europe must support Greece 's efforts to build an economy which creates more jobs and income, not more unemployment and suffering."

On 5 July 2015, the Greek people took to the polls and 61,3% of them voted "No", to the Eurozone 's latest insult to their sovereignity. The power players in France and Germany have been putting the pressure on the Greek people, closing banks, cancelling bank cards and manipulating the news to spread fear and chaos. They tried to make the argument, not "yes or no on the austerity agreement" but "yes or no on the Eurozone". They tried everything but in the face of nearly impossible odds, the people still succeeded.

While Syriza, the party that took control of the government on 25 January 2015, tried to negotiate with Greece 's lenders, the lenders would make no such concessions. Nothing has gone to G...


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...://www.independent.co.uk/news/world/europe/greece-referendum-results-live-greeks-say-no-to-austerity-and-plunge-the-eu-into-crisis-10367617.html

Davenellos, A., & Martalis, S. (2015, July 6). Greece says no to austerity and yes to solidarity. In SocialistWorker.org. Retrieved September 13, 2015, from http://socialistworker.org/2015/07/06/no-to-austerity-and-yes-to-solidarity

Elliott, L., & Smith, H. (2013, June 5). IMF 'to admit mistakes ' in handling Greek debt crisis and bailout. In The Guardian. Retrieved September 13, 2015, from http://www.theguardian.com/business/2013/jun/05/imf-admit-mistakes-greek-crisis-austerity

Hiltzik, M. (2015, June 9). The evidence piles up: Austerity poisons economic growth. In Los Angeles Times. Retrieved September 13, 2015, from http://www.latimes.com/business/hiltzik/la-fi-mh-austerity-destroys-economic-growth-20150609-column.html

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