"Yes, just like Germany's was. In 1953, when Europe wrote off most of Germany's debt. Just like that, so that Germany would be able to reconstruct from wartime damage.""The effect of these policies has been actually to increase Greece's debt relative to its wealth production; probably a half of young people are unemployed, probably 40% of the population is living under the poverty line, Greece is being destroyed," Chomsky was quoted as saying by Euronews.
He said that Greece's debt had been incurred by the fascist dictatorship, supported by the United States, and German and French banks.
Athens needs to work out a reform plan before the next meeting with the EU finance ministers on April 24 to receive the next financial aid package