16/07/2015 by socialistfight
Excellent exposition of the difference between monetary union and fiscal union. Very important point.
The outcome of the Greek referendum considerably exceeded the expectations of the SYRIZA-led coalition government that called it, as well as most observers. They were painted into a corner by their own conciliation of the neo-liberal leaders of Europe, faced with their humiliating ‘offer’ of a bailout in demand for further massive cuts in pensions and social benefits. The SYRIZA government was faced with what in effect was an attempt to force a recently-elected government out of office; Alexis Tsipras turned to the Greek working-class masses and asked for their backing.
Their courage in resisting the demands of the Troika far exceeds that of their left-reformist leadership. This was shown by the immediate aftermath of the 61% landslide victory of the ‘OXI’ (no) side, despite the NAI (yes) side having the backing of the entire privately-owned news media, with an avalanche of mendacious propaganda and disinformation. The no vote took…
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