Yanis Varoufakis and another 18 economists signed an open letter asking for the support of Europe on the Greek debt relief issue which will be discussed at the United Nations General Assembly on September 10.

“This summer’s sham negotiations have caused many Europeans to retreat into nationalism and express defiance towards international institutions” the letter mentions.

As the economists state in the letter the Greek crisis has made clear that one state cannot act alone, cannot negotiate reasonable conditions for the restructuring of its debt within the current political framework, continuing that “Throughout its negotiations with creditor institutions, Greece faced a stubborn refusal to consider any debt restructuring, even though this refusal stood in contradiction to the IMF’s own recommendations.”

LIST OF SIGNATORIES