This Tuesday, Greek Prime Minister Alexis Tsipras said that the International Monetary Fund had “criminal responsibility” for Greece’s debt crisis. As with many countries, the IMF has forced the Greek government into a number of expensive loans that are impossible to pay back. This is how organizations like the IMF and the World Bank are able to take control of a country’s government and financial institutions, by getting them so deep into debt that they are beholden to the debtors.
“The time has come for the IMF’s proposals to be judged not just by us but especially by Europe. The IMF has criminal responsibility for today’s situation. Right now, what dominates is the IMF’s harsh views on tough measures, and Europe’s on denying any discussion over debt viability. The time has come for the IMF’s proposals to be judged in public.. .by Europe,” Tsipras said.
“The fixation on cuts…is most likely part of a political plan…to humiliate an entire people that has suffered in the past five years through no fault of its own,” Tsipras added.
Tsipras also accused the European Central Bank of using “financial asphyxiation” to bully the country into accepting the terms of a recent proposal.
Greece and many other economies throughout Europe have seen the power of their markets significantly decline since joining the European Union and the Eurozone economic model.
Two of the largest financial organizations in the world, the International Monetary Fund (IMF) and the World Bank are the self-appointed “developers” of countries all throughout the world. However, under their carefully crafted public image these groups are doing incredible damage to economies for their own political and financial gain. The IMF and the World Bank are actually holding back progress in these countries through their complicated international trade laws and bureaucracies. The decisions that are made by these organizations disrupt the lives of millions in the third world, displacing them from their homes, staking claim to their natural resources and monopolizing their economy.
John Vibes writes for True Activist and is an author, researcher and investigative journalist who takes a special interest in the counter culture and the drug war.