Petition against the ‘Greek bail-out’


Avaaz describes itself as “a global web movement to bring people-powered politics to decision-making everywhere.”  One German daily, Suddeutsche Zeitung , has described it as “a transnational community that is more democratic, and could be more effective, than the United Nations.” The group is organising a petition to protest the so-called ‘Greek bail-out’, in reality one more act of theft of the people’s money to bail out not the suffering Greek workers, farmers and students, but the banks who tried to get rich quicker by lending money to a country which a trainee accountant in her first year at college could have told you would never be able to pay it back. Here’s the message from Avaaz, which has Spectrezine’s wholehearted support. Read the letter below, then sign the petition .
Dear friends across Europe,
The outrageous Greece bailout plan, written by bankers, floods banks and speculators with free taxpayer money and leaves Greece high and dry. Our finance ministers meet in 3 days, let's send them a massive call to go back to the drawing board, and come back with a plan that bails out Greece, not the banks.
Absolutely, we need to bailout Greece to save Greece, save Europe, and save the Euro. But the current bailout makes us the taxpayers pay back banks for 90% of their foolish investments. Greek people don't get a cent, and we give a ton of money to rich bankers. And even worse -- about 30% of our money will go to speculators who will make a massive profit from gambling on a bailout!
How on earth did our governments write a bailout plan that floods banks and speculators with our money and leaves Greece with nothing? The answer -- they actually asked bankers to write the agreement. Our finance ministers are meeting in 3 days to decide on this plan -- let's send them and our parliaments a massive call to go back to the drawing board, and bailout Greece, not the banks.
At a time when money is tight everywhere and our most vital social programs are being cut, governments are caving in to powerful banking lobbies. But they say they are also worried that some banks can't absorb the loss of their Greek investments and will fail if they don't get a bailout. But if we get into trouble and ask a bank for help, they don't give us free money, they give us a loan, or an investment. Now the banks are in trouble and coming to us, why would we treat them any differently? Instead of giving away money, let's loan to or invest in the banks, and ask them to pay us the taxpayers back at a healthy rate of interest!
This is what Gordon Brown did in the UK and Barrack Obama did in the US when banks were in danger of failing, they didn't bail them out with free money, they bought in with loans and investments. And as soon as a year later, the taxpayers made a profit from the deal! This deal is corruption, pure and simple. There's no public interest argument for giving banks and speculators a massive windfall like this, and there's every reason to try and protect public finances. Instead of giving that money away, we can invest it, in Greece, and in our own societies' abilities to recover and rebuild from the financial crisis. It's time for our politicians to stop hiding behind complex agreements written by bankers -- the game is up -- let's tell them no to this outrageous bailout, and ask them to come back again with something sensible.
Far too often, our societies' economic future, and our children's possibilities, are decided in back rooms by corrupt interests that are looking after profit, not people. This is one of those times. The bankers and the politicians they own think all this is too complex for us to understand or even be interested. Let's show them how wrong they are.
With hope,
Alex, Iain, Antonia, Emma, Alice, Maria Paz, Pascal and the whole Avaaz team