Heterodox
The Greeks Have Said No to Failed Policies, Not to Europe or the Euro
The referendum that just took place in Greece in which 61.3% of voters rejected the terms of an international ‘bailout’ package should not be read as a vote in favour of leaving the euro. The ‘No’ vote – όχι in Greek – is, as correctly pointed out by James K. Galbraith, the only hope for Europe. On the other hand, it may very well be used by the Troika – the European Union (EU), the European Central Bank (ECB), and the International Monetary Fund (IMF) – as an instrument for expelling Greece...
Read More »Galbraith on the Greek referendum
The paper cited, 9 Myths about the Greek Crisis, is available here.
Read More »The Greek referendum and the tasks of the Left
By Stavros Mavroudeas* (Guest blogger)For six months, after its January 2015 election victory, the SYRIZA government began negotiations with the EU. In these negotiations SYRIZA was confronted with the stubborn and increasing intransigence of EU and its companion institutions (the ECB and the IMF). SYRIZA very soon accepted the logic and the structure of the troika program; that is the Economic Adjustment Program for Greece popularly called the Memorandum. It simply tried to modify it by...
Read More »Weisbrot: Greece should vote no
Mark Weisbrot on why Greeks should vote no."Well, I would go for a no-vote, because you have to look at who is responsible for this mess, who is responsible for six years of depression, who is responsible for the bank closing right now. It’s because the European Central Bank decided last Sunday to limit the amount of emergency liquidity assistance, so that the banks wouldn’t have enough money to open. And they did this very deliberately, I think, to intimidate the voters into...
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