VIP club for Eurobonds deepens the crisis
Concerning the new crisis plan of the EU Commission the deputy chairwoman of DIE LINKE, Sahra Wagenknecht, declares:
An exclusive VIP club comprising the six countries of the eurozone with the highest credit rating will increase the interest rate of the other states. Without an alternative policy the bailout of banks and creditors would take on another dimension. The eleven euro states, that have no top rating from the rating agencies, would become dependent on so called auxiliary loans and be exposed to murderous austerity measures from Brussels. This false policy must not be pursued any further. Who wants to get into the VIP club or needs money would have to cut pensions, wages and social benefits. That way the economy would be forced into a depression und the debt crisis would be worsened. Greece is a clear example for this.
DIE LINKE renews the call for an alternative policy. The well off must be forced to pay a Europe wide crisis contribution. The financial markets' dictatorship has to be broken. For this we need a public bank, which will give loans with low interest directly to euro states without a detour to the financial sharks. Germany, too, needs a recovery programme financed by the profiteers to protect millions of jobs.