“How can we make sure that in the next fifteen years we will not make the same mistakes that we did fifteen years ago or fifteen years before those?” he said at the start of his speech.
“The Greek experience could be educational” continued the PM while adding that Greece has found itself in the epicentre of three overlapping crises: “A financial, which was the result of a political and has led to a 25% loss of GNP with serious social effects. A security crisis due to the growing instability in areas around Greece; North Africa, Middle East and the Black Sea. And a refugee crisis which is the result of hundreds of thousands of people who migrate to Europe in order to find a better life.”
Mr. Tsipras claimed that there can be no talk of help towards the developing countries or loans towards the developed ones, unless the issue of debt is dealt with as a global challenge in the very core of the international financial system.
“In all the fora, including this one, we must discuss on how the restructuring or the reformation of debt can go hand in hand with growth. We cannot talk about abolishing poverty and unemployment unless we also talk about building and developing welfare states instead of demolishing them”, he said.