Posts Tagged ‘Greece’

Syriza: judgement call for the Greek left

by David Osler.

David Osler reports from Athens. Only four months ago, tens of thousands of marched on Syntagma Square to stress their rejection of externally-imposed austerity, and dozens of buildings burned to the ground as rioters battled it out with police on the streets of Athens. But the mood in the Greek capital this week is completely […]

Greece: Answering the critics of a united front against austerity

by Kate Hudson and Andrew Burgin.

Greece stands on a precipice. There can be no return to the old politics there and a revolutionary situation is emerging amid the chaos of everyday life. The classic conditions for revolution are present: a working class no longer prepared to live in the old way and a ruling class no longer able to rule […]

An open letter to the leaders of Europe: abandon the Euro’s ‘gold fetters’

by Ann Pettifor.

On May 15th, in what can only be described as an act of coercion, an impoverished and effectively insolvent Greece acceded to the handover of a bond payment – €436 million – to private financial ‘vulture funds’. The Greeks had little choice. However, in acquiescing to this handover – facilitated by its paymasters,‘the Troika’ – […]

IMF’s Lagarde has a …….nerve

by Michael Meacher.

One thing the Right is really good at is turning a blind eye as diaster steadily builds up and then blaming everyone else when it happens. Osborne is a past master at this, ignoring the riskiness of deregulated banks and then trying to make the victims pay (‘We’re all in it together’). But Lagarde at […]

Syriza still on course for victory, says poll, but margin remains tight

by Jon Lansman.

Greece’s radical left party, Syriza, is still leading in the race to win the country’s elections on 17 June, according to a public opinion poll for Greek ‘Sky” TV. Syriza is outpacing conservative New Democracy by a four-point margin, with the smaller parties, especially those below the 3% threshold being squeezed. However, New Democracy has also […]

Tsipras confronts neo-liberal blackmail – vote on austerity, not euro

by Ben Folley.

At the weekend, Europe’s neo-liberals stepped up their attempts to blackmail the Greek people into accepting the painful terms of austerity by creating a false debate on Euro membership being the decisive issue in the election. David Cameron, speaking in Chicago, said to them, “you can either vote to stay in the euro, with all […]

Greek Apocalypse Now? Not quite

by Michael Meacher.

Robert Chote, the OBR chair, is normally a serious and measured man, but to say, as he did, that the UK would suffer ‘irreparable damage’ from a Greek default or that the UK ‘may never recover’ is grossly overdoing it – more reminiscent of the saloon bar than the forum of the Government’s leading economic advisers. […]

Greek exit won’t save euro: fundamental restructuring needed

by Michael Meacher.

With the smart money on an early Greek exit, the two main questions to arise are: what will happen to Greece, and what future then for the Eurozone? If Greece leaves, the exchange rate will drop sharply from 340 drachmae to €1 at entry to the euro to perhaps 1,000 drachmae, a loss of value […]

New poll points way to Syriza-led Greek government after new election

by Jon Lansman.

A new poll by Marc for Alpha TV in Greece puts left coalition Syriza in first place with 23%, up 6% from the result last Sunday. The poll asked how respondents would have voted had they known the result. Syriza gained support from across the board, 18% of those who voted at the weekend for […]

Another credit crunch looms

by Ann Pettifor.

The finance sector is signalling alarm, and our politicians are once again asleep at the wheel. Another “credit crunch” may be looming. The most significant evidence emerged from the ECB’s second Long Term Refinancing Operation (LTRO) on Thursday last week. The LTRO is simply language intended to disguise the “printing of money” by the ECB […]

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