Occupy Economics Workshops
at Steelworkers Hall, 25 Cecil St.
Toronto, ON M5T 1N1, Canada
(click above to see map)
Workshops are free and open to all
Workshop coordinator: Dix
Tuesday March 3rd, 2015, 6:30 - 8:30pm
Topic: Greece against the gnomes of Frankfurt.
We will discuss the debt crisis in Europe, and in particular the situation in Greece. A new left government is trying to steer the country out of the debt trap that earlier inept and corrupt governments have left the country in (with the not so benevolent help of Goldman Sachs).
The European Union, with Germany and the European Central Bank in Frankfurt in the lead, have forced the country to adopt unsustainable austerity policies, whose main results have been to depress the country’s output by 25%, create massive unemployment, and thereby further eroded the ability to repay the debt, which consequently has not shrunk.
Amidst massive social deprivation among the country’s growing number of poor, the new Syriza government of Greece’s is repudiating the tired policies of austerity and the accompanying demands for selling state assets at firebrand prices as a way to repay the debt.
Greece and Syriza have become the frontline of the global fight against the debt slavery of modern neoliberal capitalism. It is important that we mobilize a global movement to support it in its fight, and push the debt vigilantes back.
As Michael Hudson (economist at UoMissouri-KC) have said, debts that can't be repaid, won’t.