Policy Research in Macroeconomics

Letter: Time for a debt relief conference for Greece

A group of UK left-leading MPs, union chiefs and charity leaders have signed a letter, published in the Guardian today. The letter (below) calls for a debt relief conference for Greece, and an end to austerity.

It says: 

We call on David Cameron to support the organisation of a European conference to agree debt cancellation for Greece and other countries that need it, informed by debt audits and funded by recovering money from the banks and financial speculators who were the real beneficiaries of bailouts.

We believe there must be an end to the enforcing of austerity policies that are causing injustice and poverty in Europe and across the world.

We urge the creation of UN rules to deal with government debt crises promptly, fairly and with respect for human rights, and to signal to the banks and financiers that we won’t keep bailing them out for reckless lending.

Signed by:

Frances O’Grady, General Secretary, TUC; Len McCluskey, General Secretary, Unite the Union; Paul Kenny, General Secretary, GMB; Manuel Cortes, General Secretary, TSSA;Sarah-Jayne Clifton, Director, Jubilee Debt Campaign; Paul Mackney, Chair, Greece Solidarity Campaign; Nick Dearden, Global Justice Now; Owen Epsley, War on Want;James Meadway, New Economics Foundation; Ann Pettifor, Prime Economics

And the following MPs: Diane Abbott, Dave Anderson, Richard Burgon, Jeremy Corbyn, Jonathan Edwards, Margaret Ferrier, Roger Godsiff, Harry Harpham, Carolyn Harris, George Kerevan, Ian Lavery, Clive Lewis, Rebecca Long-Bailey, Caroline Lucas, John McDonnell, Liz McInnes, Rachael Maskell, Michael Meacher, Grahame Morris, Kate Osamor, Liz Saville-Roberts, Cat Smith, Chris Stephens, Jo Stevens, Catherine West, Hywel Williams.

There’s a petition to cancel Greece’s debts here, too.

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