Britannia Radio

Greek Film Shows Way Out of Debt Bind

Thursday, 06 October 2011 08:50

'"Debtocracy" a 75-minute documentary made for $15K has inflamed popular resistance in Greece by casting the debt crisis in a new light.

Seen on the Internet by over a million Greeks, the film convincingly argues that the debt is a neo-liberal ("Economic Hitman") scam and there are strong precedents for repudiating it.

The brainchild of Costas Lapavitsas, an economist and professor at the School of Oriental and African Studies in London, the film introduces the concept of "odious debt" which was used in 2003 by the United States to renounce Saddam Hussein's $120 B debt to Russia and France.'

Read more: Greek Film Shows Way Out of Debt Bind

Bloodied but Defiant: 10,000 Greek Strikers and Police in Running Battles as Debt-Ridden Country Starts a 24-hour Walkout

Thursday, 06 October 2011 08:26

'Greek riot police have fired teargas at petrol bomb throwing youths and charged them wielding batons as 10,000 public sector workers marched to protest against budget cuts and high taxes. The country is today in the grip of a 24-hour national strike which has seen flights grounded, schools shut and people on the streets trying to storm the Athens parliament of its bankrupt government.'

Read more: Bloodied but Defiant: 10,000 Greek Strikers and Police in Running Battles as Debt-Ridden Country Starts a 24-hour Walkout