Greece parliamentary audit shows debt is illegitimate

Commenting on the release of the Executive Summary of the Greek Debt Truth Committee, established by the Greek parliament, Sarah-Jayne Clifton, Director of the Jubilee Debt Campaign, said:

“The initial outcomes from the Greek debt audit show that Greece’s debt comes primarily from bailing out European banks, rather than helping the Greek people. The austerity imposed in the name of paying the illegitimate debt has contravened human rights. There is no reason why it should be paid. Instead, the costs of cancelling debt should be recovered from the banks which were the real beneficiaries of the bailout.”

The Jubilee Debt Campaign has previously shown that 90% of the bailout loans to Greece have paid off reckless lenders, with less than 10% of it  reaching the Greek people.

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