and http://www.youtube.com/watch?v=qKpxPo-lInk [see below]
The IMF-EU bailout deal for Greece is in fact an anti-constitutional agreement. The debt crisis in many countries of the eurozone (Greece, Ireland, Spain, Italy, Portugal etc) is nothing more than illegitimate debt that benefits world banks, financial creditors and European governments.
"The provisions included in the loan contract and the bailout deal for Greece violates all principles of the Greek constitution and European and International Law".
"Greece is financing a part of debt in the form of bonds by the Government authorities ("securitization of public debt"), a technique used by Ecuador. Another large part of the Greek debt is in the form of bank loans, which is also the case for developing countries. [...] "Ecuador s debt was mainly owed to the banks in the U.S. In 200 Ecuador abandoned its national currency and adopted the U.S. Dollar, the currency of its lender. Similarly Greece has the same currency with its lenders, such as France and Germany, the Euro". (Ethnos, 9 January 2011).
The theory of the "odious debt" is not a general or newly-founded concept. It is based on the principles of international law (U.N. Charter) and can be legally used when the debt "has been incurred, not in the interests of people, but against its interests and/or in the personal interest of the rulers or persons close to the regime.
Editor/Script Katerina Kitidi
Scientific Research Leonidas Vatikiotis
Animation Magda Plevraki
Edit Aris Triantafillou
Camera Aris Papastefanou
Coloring Thanos Tsantas
PR Michalis Alimanis
Contributors Aggeliki Gaidatzi
Production Costas Efimeros
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