Home | About | Donate

Greek Austerity and Its Resemblance to African Debt Peonage


#1

Greek Austerity and Its Resemblance to African Debt Peonage

Nizar Visram

On July 16 this year protests erupted outside Greek parliament as lawmakers were approving further harsh austerity plan in exchange for a third European bailout. Greek Prime Minister Alexis Tsipras won by 229 votes to 64 while 32 members of his own Syriza party voted against the measures, including his ex-finance minister Yanis Varoufakis.

The vote took place after a fiery debate when Tsipras energetically defended his stand under threat of resignation.