Jacques Cheminade : What is behind the Greek debt?

On the eve of the negotiations on the economic situation of Greece and the arrival of Alexis Tsipras in Paris, some things should be clear for everybody, in particular for our French government.First of all, the Greek debt, as it now stands, can never be reimbursed, even at the expense of the Greek population and economy. The solution adopted by the London Conference of 27 February 1953, for a German Federal Republic which was suffocated at the time just as Greece is today, should inspire the French government's attitude: reduction of the illegitimate, non-reimbursable part of the Greek debt by some 60%, a five-year moratorium on the rest, and a ceiling on annual payments equal to 5% of its export revenues.