Scott Ludlam (WA, Australian Greens) Share this | Hansard source

The dramatic collapse of Greek GDP by more than 25 per cent began more than five years ago and it has produced a humanitarian disaster. The minimum wage has shrunk by some 40 per cent and unemployment in Greece has risen, with 25 per cent of people now being unemployed and nearly 60 per cent of all youth being unemployed. The fact is that the collapse of the Greek economy has been almost intentional. It has gone hand in hand with the implementation of the most extreme form of austerity politics that has been prescribed by the troika of lenders: the ECB, the EU and the IMF.

Our Treasurer, Joe Hockey, is a member of the IMF's International Monetary and Financial Committee. We are asking that the Senate call Mr Hockey and the governors of the IMF and the World Bank Group to ensure that further misery is not visited on the people of Greece.

Question negatived.