[Film] The Audit. An Enquiry into Greek Debt

20 June 2018 by CADTM , ZinTV

18 June 2015: the Truth Committee on Greek Debt presented a preliminary report while negotiations between the newly elected Greek government and European Institutions made the headlines across the media. The Committee’s findings were that the whole of the Greek public debt was unsustainable and that the part owed to the Troika (i.e. 85% at the time) was also illegal, odious and illegitimate.

Three years after the publication of this detailed report on the origins of the Greek debt, the CADTM and Zin TV are pleased to produce and screen the film L’Audit. Enquête sur la dette grecque (The Audit. An Enquiry into Greek Debt).

The documentary reviews the unprecedented political and historical sequence consisting of an anti-austerity government being in power in an EU country: from the election of Syriza to its capitulation and the signature of the 3rd MoU, including the setting up of the Truth Committee on Greek Debt and the massive victory of the ‘OXI’ (no) response in the early July referendum.

As the 3rd MoU is almost over, we are told that Greece can see the end of its trials and will soon be celebrating its return to the financial markets. Yet we cannot ignore that this 3rd Memorandum was similar to the two previous ones in that it further subjects Greece to its creditors, increases its indebtedness and thus continues to slowly erode its population’s chances to survive.

In such an international context, analyzing the Greek experience is essential to draw the necessary lessons, adjust our strategies and better define the alternatives we stand for in our struggle against illegitimate debt.

Enjoy the film!

NB: A DVD including the present documentary will soon be available. If you are interested please write to anouk at cadtm.org

This film is available for public screenings: contact at zintv.org

Director: Maxime Kouvaras
Camera: Valentin Fayet, Georges Kouvaras, Maxime Kouvaras
Additional images: Aris Hatzistefanou, EU Council
Editing: Valentin Fayet
Sound mixing: Cédric Plisnier
Music: Olivier Crespel
Calibration: Josja van Zadelhoff
Graphic design: Daniel Diaz
Special thanks to: Studio Charbon, Alain Clément, Anne-Sophie Guillaume, Ronnie Ramirez

A ZinTV production
In collaboration with the CADTM - Committee for the Abolition of Illegitimate Debt

- Alexis Tsipras, Prime Minister of Greece
- Eric Toussaint, Coordinator of the Truth Committee on Greek Public Debt
- Zoe Konstantopoulou, President of the Greek Parliament from February to September 2015
- Olivier Bonfond, Economist
- Maria Lucia Fattorelli, CADTM Brazil
- Panayiotis Rouméliotis, Former representative of Greece to the International Monetary Fund IMF
International Monetary Fund
Along with the World Bank, the IMF was founded on the day the Bretton Woods Agreements were signed. Its first mission was to support the new system of standard exchange rates.

When the Bretton Wood fixed rates system came to an end in 1971, the main function of the IMF became that of being both policeman and fireman for global capital: it acts as policeman when it enforces its Structural Adjustment Policies and as fireman when it steps in to help out governments in risk of defaulting on debt repayments.

As for the World Bank, a weighted voting system operates: depending on the amount paid as contribution by each member state. 85% of the votes is required to modify the IMF Charter (which means that the USA with 17,68% % of the votes has a de facto veto on any change).

The institution is dominated by five countries: the United States (16,74%), Japan (6,23%), Germany (5,81%), France (4,29%) and the UK (4,29%).
The other 183 member countries are divided into groups led by one country. The most important one (6,57% of the votes) is led by Belgium. The least important group of countries (1,55% of the votes) is led by Gabon and brings together African countries.


- Donald Tusk, President of the European Council
- Jean-Claude Juncker, President of the European Commission
- Dimitri Malafecas, Solidarity Initiative for Greece that Resists
- Miguel Urbàn Crespo, European deputee

For more information on the audit report:
- Preliminary Report of the Truth Committee on Greek Public Debt: http://www.cadtm.org/Preliminary-Report-of-the-Truth

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