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Monday, May 23, 2011

EU-ACP Parliamentary Assembly calls for the suspension of debt repayments of "Arab Spring" countries http://www.cadtm.org/EU-ACP-Parliamentary-Assembly

"The request for a temporary suspension of the repayment of debts of the so-called ’Arab spring’ countries cannot be ignored by the European Commission and the Member States," declared MEPs Elie Hoarau and Gabi Zimmer of the GUE/NGL European Parliamentary Group, who initiated this appeal.The EU-ACP Joint Parliamentary Assembly, meeting in Budapest, adopted today, Wednesday 18th May, a resolution on the democratic upheavals in North Africa and the Middle East in which it calls for:

"a temporary suspension of the repayment of debts", "an audit of those debts" and that "the property of the corrupt leaders be frozen and returned to the public exchequers of the countries in question".|1|"We are now expecting from the Commission and the Member States that they act quickly," said Gabi Zimmer. "We already launched an appeal by parliamentarians on this issue |2|; now the largest Parliamentary Assembly, which includes members from the main political groups in the European Parliament, is taking up this same appeal once again".

For Elie Hoarau: "This is the minimum that the EU can do after providing so much support to the undemocratic governments of the region. The new democratic governments resulting from the upheavals are currently facing huge economic difficulties to respond to the legitimate expectations of their peoples. This suspension of debt, and the repatriation of the property of the corrupt leaders are very much necessary to free these governments from the excessive weight of this debt".

[Temporary?the demands should be for permanent forgiveness of debt,or create a mechanism where those victims can sue the EU AND US for aiding,arming and supporting those overthrown regimes...WTF!!!

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