Letter to Independent: Greek crisis

The following letter from Molly on the crisis in Greece was published in The Independent on 1st July 2015

The Greek people have voted for a positive alternative to the politics of austerity, and I support their right to democratic self-determination.

In the months since the Greek election the negotiations have made clear that the Eurozone is actually a neoliberal disciplining device. This has become a struggle between democracy and financial markets. Allowing the power of financiers and corporations to prevail poses a serious threat to the principles of democracy in Europe.

It is clear that Greece cannot pay its debts. That is why European Greens are calling for a debt conference to agree debt cancellation for Greece and other countries that need it. This must be funded by recovering money from the banks and financial speculators who were the real beneficiaries of bailouts.

Austerity has enforced terrible human suffering in Greece. Rather than adding further chapters to this Greek tragedy, The EU could and should be helping to unlock the huge potential Greece has for economic recovery by supporting investment in sustainable sectors of the economy. With the right investment, Greece could become the EU’s largest exporter of green energy, [helping other countries meet their EU renewables targets while simultaneously helping the Greek economy to recover.]

[Edited by Independent]