Was the decision to close down the Greek banks illegal?

Also published in ETC (Swedish newspaper)

The European central bank (ECB) refuses to publish the legal opinions that enabled ECB to shut down the Greek banks 2015.  The hush-hush surrounding the ECB and the Euro group and the blackmailing of the Greek people is obviously a process that would not pass an open examination. The citizens of Europe are given even more reasons for questioning the current democracy and their politicians.

In June 2015 ECB ended emergency lending to Greece's banks after the Greek government announced a coming poll regarding the conditions for another loan. The Greek people voted no to the conditions as it would have prolonged the depression. The Greek government did however submit to the conditions and to surrender to the power of ECB and the EU-politicians. The finance minister Yanis Varoufakis resigned. His reason was that the government had won the election by promising a decent agreement with ECB but that was never achieved. The Prime Minister Tsipras and the left party Syriza humored the banks and EU-politicians.

2015 the democracy movement DIEM25 was presented with Yanis Varoufakis as a co-founder and with the motto: “The EU will either be democratized or it will disintegrate”. DIEM25 is looking for a political diversity e.g. green, radical left or liberal but not for an EU-exit. Rather they wish to “repair EU”. Since the introduction DIEM25 has grown to 25 000 members in more than 56 countries.

As part of DIEM25’s vision of a more transparent Europe Varoufakis and the French radical left leader Benoit Hamon started a campaign in February 2016 in order to urge ECB to publish the legal opinions that the closure of Greece’s banks were based on.

By the time of the closure of the banks ECB conducted a private legal firm that formulated the legal opinion also called the “Greekfiles”. Greece was informed of the closure by the Eurogroup, a group of finance ministers from the Eurozone-members.  DIEM25’s opinion is that ECB is following a political agenda and is not acting as an independent central bank. Also, the Eurogroup is acting outside a juridical protocol and do not document there meetings. On the contrary, everything must be kept secret.

In July 2016 Mario Draghi, the ECB:s president was asked to open up the Greekfiles but refused. He referred to juridical  circumstances that has been questioned from a juridical point of view as well.

Not only do DIEM25 envision democracy and transparency. As the only Swedish official active member as part of the Validating council I can testify that this culture is also something that exists “inside” DIEM25 as far as I’ve experienced. There is a vivid dedication to create a new kind of democracy. In DIEM25 you’ll find an inspired Europeans independent from national borders as well as economical frameworks.

The Swedish opinion is moving towards a Swexit. Despite a new political landscape and a stream of   new political opinions nobody seem to be willing to move away from their political comfort zone and really act upon the lack of democracy signed by all our political parties in the middle of the epicenter of Europe. Political circumstances that citizen’s notice and make conclusions from.

DIEM25S’s request for publishing the Greekfiles is a concrete example of how not to obey before the “euroconcensus”. DIEM25 aims straight for the core-issues; the lack of transparency and democracy.

In times of re-actions this is much needed Action.

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