Greek Film Makes Case for Default

Greek Film Makes Case for Default: "

'Debtocracy' a 75-minute documentary made for $15K has inflamed popular resistance in Greece by casting the debt crisis in a new light.

Seen on the Internet by over a million Greeks, the film convincingly argues that the debt is a neo-liberal ('Economic Hitman') scam and there are strong precedents for repudiating it.

The brainchild of Costas Lapavitsas, an economist and professor at the School of Oriental and African Studies in London, the film introduces the concept of 'odious debt' which was used in 2003 by the United States to renounce Saddam Hussein's $120 B debt to Russia and France.

"