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From The Socialist newspaper, 15 July 2015

EU revenge against Greek workers

Build the international fightback against austerity

Niall Mulholland

Cartoon by Chris Bird

Cartoon by Chris Bird   (Click to enlarge)

"Pure vindictiveness, complete destruction of national sovereignty, and no hope of relief." This is how economist Paul Krugman described the consequences for Greece of the 'deal' that the Syriza-led government made with the Troika (the EU, the European Central Bank and the International Monetary Fund).

In effect, Greece comes under the neo-colonial rule of the EU and Germany, its strongest economy. EU officials will dictate policy and expect the Greek parliament to rubber stamp draconian austerity measures.

All this suffering of Greek people will be imposed just so that Greece can pay back loans from the Troika. Of course none of that money went to the Greek people - just to the banks! The deal will force Greece deeper into recession, with no prospect of ever paying off its debts.

The Syriza government had no mandate to cave-in to the bosses' Troika. They were elected on an anti-austerity platform and in the 5 July referendum a big majority voted against further cuts.

What is needed is a clear socialist programme in the interests of the working class, to reverse austerity and to start transforming living standards. This must include refusing to pay the debt and democratic public ownership of the big banks and key parts of the economy.

Greek workers are stunned and disorientated and many feel betrayed. Yet they will have no choice but to resist, sooner or later.

Action needs to be built to effectively resist the cuts. And the bitter lessons of Syriza's failure in government shows that the Greek working class needs an independent political voice, a strong socialist challenge to Greek and European capitalism.

This is also the case in Britain, where pro-market, pro-cuts Labour is fundamentally no different to the Tories. The Socialist Party, which has played a key role in the development of the Trade Unionist and Socialist Coalition, will be to the fore in the anti-austerity struggles and building a new mass workers' party with socialist policies.

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In The Socialist 15 July 2015:


Socialist Party news and analysis

Living wage lie

Fightback essential following Osborne's hatchet budget

Labour's austerity 'me too-ism' continues

Them & Us


International socialist news and analysis

EU revenge against Greek workers

Greece: Tsipras crosses the Rubicon

The Marikana report - a whitewash

International news in brief


Socialist history

2005: Jean Charles de Menezes shooting


Workplace news and analysis

Labour council axes union facility time

Cardiff teachers strike against 'death wish' workload

Transport workers shut down tube and railway

Biggest union clings to Labour, but considers law-busting strikes

Workplace news in brief


Socialist Party feature

Reverse social care sell-offs


Socialist Party review

Orphan Black - refreshing take on sci-fi story


Socialist Party reports and campaigns

Angry coordinated protests and solidarity

Osborne attacks youth... we take to the streets!

Record attendance at Durham Miners' Gala

200 march against closure of Longton Cottage Hospital

Bromley Unite members stop council tax bailiffs

Road accident highlights need to save school crossings


 

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Related links:

Greece:

triangleGreece elections: Syriza ousted amid voter disillusionment

triangleDeadly fires ravage Greece: austerity contributed to high loss of life and property

triangleObituary: Ged Travers 1957-2018

triangleCardiff West Socialist Party: Greece - still plundered by EU austerity

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Cuts:

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Syriza:

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Economy:

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Banks:

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Paul Krugman:

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Debt:

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Germany:

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Recession:

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Capitalism:

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