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August 2, 2015
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Tag: Syriza


The Greek Coup: Liquidity as a Weapon of Coercion

In the modern global banking system, all banks need a credit line with the central bank in order to be part of the payments system. Choking off that credit line was a form of blackmail the Greek government couldn’t refuse.

Posted on Aug 2, 2015 READ MORE



Greek Reforms ‘Will Fail,’ Former Finance Minister Varoufakis Says

Yanis Varoufakis, who resigned recently, predicted that the measures will “go down in history as the greatest disaster of macroeconomic management ever.”

Posted on Jul 18, 2015 READ MORE



Grexit or Jubilee? How Greek Debt Can Be Annulled

The crushing Greek debt could be canceled the way it was made—by sleight of hand. But saving the Greek people and their economy is evidently not in the game plan of the Eurocrats.

Posted on Jul 16, 2015 READ MORE


VIDEO: Civil Servants Want Greece to Leave the EU, ‘Which Is Like a Noose Strangling People’

As Greek lawmakers prepare to vote on EU austerity demands attached to a new bailout, civil servants announced a 24-hour strike, and hundreds of protesters gathered in Athens to show their opposition to the terms.

Posted on Jul 15, 2015 READ MORE



The IMF Gets Behind Greece With Debt Relief Demand

In a move that looks at once like a boost for Greece’s economic cause and grounds for further complication among eurozone member countries, the International Monetary Fund on Tuesday warned that it might pull its support for the proposed bailout plan unless other nations agree to whittle down some of Greece’s debt.

Posted on Jul 14, 2015 READ MORE



Tsipras Pushes Greeks to Take Bailout Deal

Greece’s Prime Minister Alexis Tsipras on Tuesday continued the diplomatic high-wire act that his country’s economic crisis has obliged him to attempt by working hard to persuade members of the Greek Parliament and the general population to accept the bailout package he was just offered in Brussels.

Posted on Jul 14, 2015 READ MORE



VIDEO: Greece Accepts Draconian EU Bailout Demands

To get desperately needed funds, Greek Prime Minister Alexis Tsipras has submitted his country to harsh economic reforms that the people had rejected in a referendum just a week earlier.

Posted on Jul 13, 2015 READ MORE



We Are All Greeks Now

What is happening in Greece in the name of austerity has already happened to the poor and the working class in the United States. If the global financial elites continue in power, the misery of the Greeks will become our own.

Posted on Jul 12, 2015 READ MORE



VIDEO: Tsipras Permitted Untold Damage to Be Done to the Greek Economy for Nothing

“There is no end in sight to the suffering of the Greek people,” writes Guardian editor Larry Elliott following the prime minister’s capitulation to European demands.

Posted on Jul 10, 2015 READ MORE



‘Guerrilla Warfare Against a Hegemonic Power’: The Challenge and Promise of Greece

By nationalizing its banks and issuing digital loans and thus restoring the liquidity desperately needed by banks and the economy, Greece could provide a model of sustainable prosperity for the world. But it is being strangled by a hegemonic power in a financial war being waged against us all.

Posted on Jul 10, 2015 READ MORE



Greek Finance Minister Yanis Varoufakis Resigns

Despite his country’s decisive rejection of the European Union’s terms for remaining in the eurozone, the Greek finance minister has quit his post, citing an unwillingness on the part of some EU ministers to negotiate with him.

Posted on Jul 6, 2015 READ MORE



Is Greece’s ‘No’ on the Debt Referendum Another Youth Revolution?

In the past five years, the old political categories—left, right, center or capitalist and socialist—have been challenged by a new category: youth.

Posted on Jul 6, 2015 READ MORE



Greek Voters Send Decisive Message to European Leaders: No Deal (Updated)

If there was any lingering question about where the majority of Greeks stood on the deal drummed up by European creditors to try to contain Greece’s ongoing financial crisis, Sunday’s referendum on the bailout package soundly dispelled it.

Posted on Jul 5, 2015 READ MORE



EU Bailout Terms Are Designed to Force Syriza From Power

The aim of German Chancellor Angela Merkel and other EU powers in the Greek debt crisis is “apparently to humiliate Tsipras and his government in preparation for its early replacement with a more pliable administration,” writes Seamus Milne, associate editor of The Guardian.

Posted on Jul 2, 2015 READ MORE


VIDEO: Chomsky on Greece: A ‘Savage Response’ for Standing Up to Austerity ‘Class War’

In an interview for “Democracy Now!” Noam Chomsky comments on the challenges faced by Greece’s leading party, Syriza.

Posted on Jul 1, 2015 READ MORE



Through Feints and Provocations, the Greek Debt Drama Will Continue

“There has been nothing but bad news,” writes The Guardian’s economics editor Larry Elliott of the Greek debt crisis. “Yet, through it all, the relative calm in the financial markets has reflected a belief that, despite everything, the drama Tsipras of Athens will have a happy ending.”

Posted on Jun 22, 2015 READ MORE



Joseph Stiglitz, Thomas Piketty and Other Renowned Economists Demand an End to Greek Austerity

Twenty-six of the world’s most distinguished economic minds proclaimed their solidarity with Greece’s ruling anti-austerity party in an essay published in the Financial Times in early June.

Posted on Jun 12, 2015 READ MORE


VIDEO: Michael Hudson: The TPP and Europe’s Central Bank Against Syriza

Acclaimed heterodox economist Michael Hudson tells The Real News Network that if passed, the Trans-Pacific Partnership trade deal will overturn state sovereignty, and that leading International Monetary Fund economists have described the organization as captured by private bondholders.

Posted on May 28, 2015 READ MORE



Sara (CC BY-NC-SA 2.0)

Is Democracy as We Know It Unraveling?

The world’s democracies, perhaps especially our own, face a peculiar set of contradictions that are undermining faith in public endeavor and unraveling old loyalties.

Posted on Apr 29, 2015 READ MORE


Greek Finance Minister Says Austerity Is Bad Medicine

Greece’s new left-wing, anti-austerity Syriza Party raises concerns over international creditors’ demands to restructure the country’s labor market and curtail its pension system in exchange for a new package of bailout funds scheduled for release Friday. Greek Finance Minister Yanis Varoufakis speaks with “Democracy Now!”

Posted on Apr 22, 2015 READ MORE



Greece Submits Reform Proposals and Warnings to Eurozone Creditors

Their country would stop cooperating with creditors if negotiations failed and aid was not forthcoming, government leaders said as they submitted a long-awaited list of 18 policy reforms to eurozone administrators.

Posted on Mar 28, 2015 READ MORE



German Politicians Confirm Greece Has Case for Wartime Reparations

Greek Prime Minister Alexis Tsipras has accused Germany of trying to avoid paying reparations for Nazi crimes committed during World War II—and several German politicians agree.

Posted on Mar 18, 2015 READ MORE



The Noose Around Greece: How Central Banks Harness Governments

It seems the European Central Bank has made good on a threat by Goldman Sachs to cut off liquidity to Greek banks in the event the nation elected an anti-austerity government.

Posted on Mar 11, 2015 READ MORE



Greece Can’t Do It Alone: Austerity Victims of the World, Unite!

For the anti-austerity struggle in Greece and elsewhere to become effective and sustainable, it must be raised from the national level to the international level.

Posted on Mar 6, 2015 READ MORE



Tariq Ali: The Time Is Right for a Palace Revolution

One of our most trenchant critics of corporate capitalism deplores the rise of an “extreme center” that has seized control of the political process and wages endless war while doing the bidding of global corporations. Our only hope, he says, is revolt.

Posted on Mar 1, 2015 READ MORE



Is Syriza in Retreat?

Greece’s anti-austerity party has declared itself willing to sign the leaked “Moscovici document,” which a central committee member says defangs the Greek government in its struggle against its creditors.

Posted on Feb 19, 2015 READ MORE



Can the Greek Tragedy Be Rewritten?

The world is watching to see if the anti-austerity party Syriza can turn things around for Greece. Success may inspire hope in the economically desperate across the globe—and fear among the elites.

Posted on Feb 19, 2015 READ MORE



From ‘Demos’ to ‘Podemos’: Popular Uprisings in Greece and Spain

Like Greece, Spain has been wracked by the global recession and could soon elect an anti-austerity government.

Posted on Feb 18, 2015 READ MORE



Kostas Koutsaftikis / Shutterstock.com

The Pro-Workers, Pro-Growth Experiment in Greece Is Under Threat

While the wealthiest 85 individuals on the planet own more wealth than the bottom half of the world’s population—and when the top 1 percent will soon own more wealth than the bottom 99 percent—the people of Greece and the anti-austerity party, Syriza, they elected to lead them are struggling to rebuild their economy so that ordinary people there can live with a shred of dignity and security.

Posted on Feb 18, 2015 READ MORE



How Germany and the U.K. Benefited From Greece and Spain’s Brain Drain

As Greece tries to come to an “honorable agreement” with austerity-loving eurozone finance ministers, let’s not forget who stood to gain the most from the financial crises in southern Europe.

Posted on Feb 17, 2015 READ MORE


With Greece and Eurozone Creditors Far Apart, Bailout Talks Collapse

Eurozone finance ministers have designated Friday as the deadline for the country to accept yet another austerity-filled deal, but Greek Finance Minister Yanis Varoufakis has made it clear he will not rest until an “honorable agreement” is negotiated. 

Posted on Feb 17, 2015 READ MORE



Why Ireland’s Political Elite Are Terrified of Syriza

Irish leaders—eager to maintain that compliance with the demands of international creditors after the 2008 crisis was the best choice for Ireland—are concerned that the defiant tactics of Greece’s newly elected Syriza party may expose their program as flawed if Syriza wins concessions from the troika of lenders.

Posted on Feb 2, 2015 READ MORE



Truthdigger of the Week: Yanis Varoufakis

The Syriza finance minister confirmed his party’s intentions to fight EU oppression by refusing to negotiate with representatives of Greece’s “hated troika of lenders.”

Posted on Jan 31, 2015 READ MORE


‘Left, Right & Center’: Matt Miller & Mitt Romney Say Goodbye

Truthdig Editor-in-Chief Robert Scheer and the other “Left, Right & Center” panelists note Mitt Romney’s announcement that he will not run again for the Republican presidential ticket. Also, the Senate approves the Keystone pipeline, Syriza’s victory means a “Grexit” from the euro is possible, and Matt Miller leaves “Left, Right & Center.”

Posted on Jan 31, 2015 READ MORE



La Veu del País Valencià (CC BY-NC-SA 2.0)

Masses ‘March for Change’ With Spain’s Left to Voice Discontent Over Corrupt Politics (Video)

On the heels of leftist Syriza’s victory in Greece, Spain’s own left party Podemos garnered outstanding support at a Madrid rally attended by tens of thousands Saturday.

Posted on Jan 31, 2015 READ MORE



Trojan Hearse: Greek Elections and the Euro Leper Colony

Alexis Tsipras, the leader of Syriza, would like to pretend that austerity and the euro are two different things. Apparently, he’s blissfully ignorant of the history of the euro. The horror of austerity is not the consequence of Greek profligacy: It was designed into the euro’s plan from the beginning.

Posted on Jan 29, 2015 READ MORE


Greece Revolts

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Posted on Jan 28, 2015 READ MORE



360b / Shutterstock.com

Enough of Germany’s Tyrannical Austerity

Years of trudging through an economic slough of despond, guarded by German warders, have left the states of the European Union’s south near to despair.

Posted on Jan 27, 2015 READ MORE


Russell Brand on the ‘Greek Revolution Against Corruption’ and the Fall of Capitalism

The host of the YouTube series “The Trews” takes a look at Syriza’s victory in Greece’s recent elections and considers whether capitalism has “finally crumbled.”

Posted on Jan 27, 2015 READ MORE



AP/Petros Giannakouris

A 21st Century Left Rises: Syriza’s Victory and Its Relevance for the U.S. and the World

A question looms large in the wake of the Greek elections: Can democracy defeat the rule of the 1 percent?

Posted on Jan 27, 2015 READ MORE


Greeks Respond to Syriza’s Election Victory

Voters across Athens, from Golden Dawn diehards to pragmatic communists, shared their thoughts and feelings as Greece’s anti-austerity Syriza party swept to victory in Sunday’s elections.

Posted on Jan 26, 2015 READ MORE


‘We Are Going to Destroy the Greek Oligarchy System’

Yanis Varoufakis, tipped to become finance minister of what may become Greece’s leading party, describes what Syriza will do if it takes power.

Posted on Jan 25, 2015 READ MORE



Greece’s Ascendant Syriza Party: Blatant Anti-Capitalists or Mere Social Democrats?

A member of the Greek left’s “best chance at success in a generation” clarifies the party’s view on whether the country’s political economy should be reformed or completely overhauled.

Posted on Jan 25, 2015 READ MORE



Greece’s Solidarity Movement: ‘A Whole New Model—and It’s Working’

There are accounts of Greeks pulling together to support themselves and each other ahead of an election that polls predict will result in a leadership firmly opposed to austerity policies imposed by the European Union.

Posted on Jan 23, 2015 READ MORE



EU Showdown: Greece Takes on the Vampire Squid

The Greeks have been threatened by the European financial troika with a “Cyprus-Style prolonged bank holiday” if they “vote wrong” in an upcoming presidential election that looks likely to favor the EU-skeptic, anti-austerity, leftist Syriza party. But they have been bullied for too long and are saying “no more.”

Posted on Jan 10, 2015 READ MORE



AP/Kostas Tsironis

Ignoring the Social Costs of Austerity Is Dangerous for Greek Leaders

The financial governing authorities classed as the “troika” are obsessed with budget targets rather than human needs, and needs are what protests underway in Greece on Tuesday are all about, writes Helena Smith, Greek correspondent for The Guardian.

Posted on Jul 16, 2013 READ MORE


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