Independent MEP, Nessa Childers said EU leaders must act quickly and decisively to stop the extreme orthodoxy, rigidity and excessive demands of creditors, which has led Europe to the brink and exacerbated the Greek crisis.
Speaking in advance of the European Parliament’s plenary session in Strasbourg, Ms Childers said: ‘The ECB must move quickly to stabilise the banks, there must be a debt write down as there is consensus among both right wing and left wing economists that the Greek debt cannot be repaid, and then allow the Greek government to bring about the necessary reforms.
‘It is also time to look at the need for European debt conference, to discuss the restructuring of debt across Europe.
‘The Greek financial situation came about for many reasons, and has dragged on for years, but the crisis has escalated now and the next week may determine whether Greece remains in the euro.
‘The Greek people have given their government a clear mandate, and there are two questions facing the Eurozone leaders: will Greece get a better deal including debt relief and if not is the EU willing to countenance a Greek exit from the Eurozone?
‘This referendum has exposed the conservative, authoritarian and anti-democratic stance taken by EU leaders and EU institutions. This is the first time a Member State has voted to put the democracy ahead of financial terror. Every force was against Greek government, its privately owned media, EU member states, and the institutions. As a result a terrible price has been paid in lost trust, between many peoples of Europe and the institutions.
‘Furthermore and for the record, I am appalled and baffled by the comments of European Parliament president, Martin Schulz who called for what amounted to a coup against the Greek people, when he called for the installation of a technocratic government.
‘The Irish Government’s position has been no better, and their main concern appeared to be local politics.
‘It was very difficult to believe that the Irish Government was prepared to offer no solidarity to the Greek people, and instead used the crisis to attempt to damage left wing parties and independents in advance of the general election.