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Greece's Deals With International Creditors Illegal - Ex-Deputy Minister

© AP Photo / Petros Giannakouris Greece
Greece - Sputnik International
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The agreements between Greece and its international creditors were illegal, former Deputy Defense Minister Kostas Isychos said Wednesday.

Greece - Sputnik International
Greece Launches Technical Negotiations With Creditors on Tuesday
ATHENS (Sputnik) The special parliamentary commission examining the causes of Greece's huge public debt and dependence on its lenders, called the Truth Commission on the Greek Public Debt, has concluded that Greece's public debt is illegitimate, as it is founded on illegal agreements. The commission's conclusions will be discussed at a plenary session of the Greek Parliament.

"It is very important that the Greek Parliament will have evidence, all the economic and political data, the whole background of reaching illegal agreements adopted in violation of the rules," Isychos told RIA Novosti.

"This means that they [agreements] do not comply with the Greek Constitution, international laws and the statutes of the United Nations, which stipulate that a country in distress must first serve the needs of its citizens, and only after that — the needs of its creditors. This was not observed in either the first, second or third memorandum, which, unfortunately, is worse than the previous two," he added.

Isychos underscored that the current situation between Greece and its lenders has led to Athens' taking out more debts in an attempt to repay the previous ones, which in turn results in an economic downturn in the country.

Following numerous rounds of negotiations, the eurozone countries agreed on July 13 to provide $95 billion to Athens over three years in exchange for austerity reforms. Greece is currently in talks with its lenders over the final agreement, seeking to finalize the negotiations by mid-August.

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