The newly elected leftist-led Greek government coalition is expected to submit a proposal for the creation of a committee to examine the previous governments’ handling of the country’s debt crisis. Specifically, according to government sources, the so called «memorandum examination committee» is expected to question the practices of those governing during the past five years, since 2010. This topped SYRIZA’s pre-election campaign. The proposal is expected to be submitted within the day and it will constitute of several experts that will be tasked with assessing whether the previous governments upheld the interests of the Greek people by signing two agreements with the European Commission (EC), the European Central Bank (ECB) and the International Monetary Fund (IMF) troika. Both agreements pledged austerity measures in exchange for some 240 billion euros each in bailout funds. The government’s proposal is expected to have the signatures of all MPs belonging in the governing parties SYRIZA and Independent Greeks (ANEL). «SYRIZA’s Parliamentary Group will submit today a proposal to establish a committee, which will examine Greece’s inclusion in the status of memoranda and surveillance as well as any other matter related to the memorandums implementation,” SYRIZA Parliamentary Secretary Christos Mantas explained. “We are fulfilling our commitment and the social demand, with no intention of revanchism nor criminalization of the political life in order to explore the causes and responsibilities of an unprecedented crisis that devastated the vast majority of society,» Mantas added. On May 2, 2010, the so called «troika,» responded to the Greek crisis by launching a bailout loan to rescue the country from default and cover its financial needs under the condition of implementing austerity measures, structural reforms and privatization of government assets. The second bailout program was finally ratified by all parties in February 2012, and extended the first program, meaning a total of another 240 billion euros were to be transferred at regular tranches between May 2010 and December 2014.
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