Former Contractor General Greg Christie is cautioning lawmakers to be mindful of the growing impact the austerity measures under the IMF programme are having on the country.
Writing on Twitter, Mr. Christie asked, how much should a country sacrifice in order to keep paying off its debt?
His comments come on the heels of a decision by the Greek people to reject creditors’ demands for more austerity.
Despite the closed ATMs, the banks on the verge of running out of money and a collapsing economy, Greeks have once again rejected the policy of austerity authored in Berlin and Brussels.
To Mr. Christie, the IMF has been guilty of viewing the contending issues from the perspective of Greece’s lenders rather than its citizens.
He quoted a 2011Guardian article which had the headline, ‘Jamaica’s crippling debt crisis must serve as a warning to Greece’.
The article states that the experience of Jamaica shows the damage done when the interests of creditors are given too much weight.
According to Mr. Christie, a responsible government will make its decisions on the basis of the needs of its people, for employment, economic growth and better living standard.
He says with the pros and cons of Jamaica’s IMF endorsed austerity programme, one must not lose sight of how the country’s debt crisis arose in the first place.
Mr. Christie suggests that the debt crisis was caused by a leadership deficit and that history will repeat itself if the issues is not rectified.