Calls
on the European financial institutions to include the principles of
human rights into financial lending practices
Further
austerity measures will jeopardize Greece’s chances of an economic
recovery, the United Nations International Debt Expert, Juan Pablo
Bohoslavsky warned on Monday. “It's very clear the message from the
Greek population - no more austerity measures. Actually if you look
at the figures, austerity measures didn't really help the country to
recover," Bohoslavsky stated.
His comments
came after Greek citizens voted in historic referendum on Sunday, in
which they elected to reject debt austerity proposals by their
European creditors.
Bohoslavsky
called on Greece’s European creditors to incorporate the principles
of human rights into debt cancellation and financial lending
practices. Greece owes billions to the IMF, the European Central Bank
and the European Union after the financial institutions lent the
country massive bailout funds in 2010 and 2012, over 90% of which
bailed out banking institutions.
Several of
the debt cancellation measures demanded by Greece's international
creditors – including pension cuts and new laws that make it easier
to lay off workers – clash with the promises made by Greece’s new
left-wing government to voters in January. "The message here is
that if the parties involved in the Greek tragedy paid more serious
attention to what human rights law has to say, everything would be
easier, for the Greek population particularly," Bohoslavsky
concluded.
Source:
Comments
Post a Comment