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Ekklesia, the politics and beliefs thinktank, has joined senior religious leaders in calling for a positive debt deal for Greece and an alternative, moral approach to the economic crises brought about by debt-deflationary policies and austerity.
While the focus over Syriza’s win in the Greek general election is understandably the EU and debt, the really big issue facing the anti-austerity coalition is much more deeply embedded and will take longer to solve – corruption driven by debt.
It is not the people of Greece who have benefitted from bailout loans from the IMF, EU and European Central Bank, but the European and Greek banks which recklessly lent money to the Greek State in the first place.
Chancellor George Osborne is trying his best to spin his way out of trouble on the failures of austerity economics to deliver sustainable, widespread recovery and reduce debt.