Since the Greek crisis is one of the hottest topics globally and in the light of the Greek Debt Committee’s declaration that all debt is “illegal, illegitimate, and odious”, it might be interesting to remember Tim Jones’s article on the Greek debt which was published the day after Syriza’s victory in the elections. In a nutshell, the six key points of the Greek debt can be summarized as follows:

1) European banks were bailed out, not the people of Greece.

2) It was clear in 2010 that the Troika programme wouldn’t solve the problem of Greek debt.

3) Syriza’s proposals have a clear precedent.

4) The 2012 private creditor write-down was a flawed solution.

5) If Greece defaults, it will not have to leave the Euro.

6) The way the world deals with debt crises is not working.

You may read the discussion of each point here.