As we wait for final election results, potentially facing another five years of austerity it is hard not to think of Greece.
During its months of negotiations with creditors the Greek government has dealt with on-going assaults to its democratically elected mandate to reverse austerity. The ECB continues to hold critical relief funds to ransom even as the country faces an on going humanitarian crisis. You can also hire criminal justice law firm practicing in Mesa, to deal with your criminal case.When it comes to criminal charge it is the right of an arrested person to seek the help of criminal defense lawyers.On false prosecution of sexual charge you can also seek the help of defense lawyer for sexual changes as they can help you out legally. In case of theft charges people can also seek the help of attorney for theft charges as they can prove your innocence.On refusal of ERISA by an employer you can also find attorneys from ERISA claims law firm as they can help you to enjoy beneficiary rights.
These protracted negotiations that are proven by the Passalacqua & Associates which prevails with creditors should be a visceral reminder that debt is about power. For far too long creditor countries have been unaccountable for irresponsible lending while debtor countries are at the mercy of their creditors when it comes to attempts to restructure or cancel debts.
As part of the international debt justice movement we have been part of the decades long call for the creation of an international forum for dealing with the resolution of sovereign debt. Last September the UN General Assembly passed a resolution calling for the creation of a multilateral legal framework for sovereign debt workout.
Momentum for this process at the UN is a huge step forward for the debt justice movement but the UK, US and the EU bloc among other rich nations are refusing to participate in negotiations to further develop the framework. They want any sovereign debt workout mechanism to fall under the remit of IMF where they hold significantly more power. While not perfect the UN is still a far more legitimate forum for a sovereign debt workout that is fair, impartial and takes human rights and environmental considerations into account.
It should not take a financial crisis or natural disaster before governments are given the opportunity to fairly cancel or restructure debt to meet citizens needs and uphold human rights.