Lessons From A Defeat In Europe By Martin Hart-Landsberg

14 July 2015 — The Bullet • Socialist E-Bulletin #1142

The Troika are celebrating the end of negotiations with Greece, proclaiming that thanks to their tireless efforts the Eurozone remains whole. And why wouldn’t they celebrate. They have demonstrated their power to crush, at least for now, the Greek effort to end austerity and its associated devastating social consequences. Tragically, Syriza has not only surrendered, the nature of its defeat is likely to leave the country worse off, at least both economically and very likely politically as well.

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Greek parliament’s president: ‘No to ultimatums, No to the Memoranda of servitude’

15 July 2015 — Links International Journal of Socialist Renewal

KonstantopoulouPresident of the parliament of Greece, Zoe Konstantopoulou. 

The following speech was delivered early in the morning of July 11, 2015, by Zoe Konstantopoulou, president of the Greek parliament, on the question of the government’s proposal to the creditor institutions. She voted “present”, in effect an abstention. Translated by Nicholas Evangelos Levis for Analyze Greece. First published in Greek on left.gr, July 12, 2015. Posted at Links International Journal of Socialist Renewal.

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Majority of Syriza’s central committee members reject Brussel’s deal – Tsipras has lost control of the party

15 July 2015 — In Defence of Marxism

Written by Majority of the central committee of Syriza Wednesday, 15 July 2015

A statement by 109 out of the 201 members of Syriza CC rejects the Brussels deal which it describes as a coup and says it cannot be accepted by Syriza. Tsipras has lost control of the party. Below we bring the statement:

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The Third Time Is the Charm By S. Artesian

14 July 2015 — The Wolf Report: Nonconfidential analysis for the anti-investor

2010— The government of Greece is bankrupt and cannot service it’s sovereign debt.  The economy is near collapse.  First bailout memorandum, familiarly known as the Kick-The-Can-Down-the-Road Memorandum is agreed to.  Economy continues to contract.

2012— The government of Greece is bankrupt and cannot service it’s sovereign debt, most of which is owned by commercial and private financial institutions.  The economy is near collapse.  Second bailout memorandum, familiarly known as Eat-Shit-And-Die Memorandum is agreed to.  Commercial and private financial institutions balance sheets are rescued.  Economy is that much nearer to collapse.

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Greek Bailout Deal Highlights Monumental Scale Of Syriza’s Betrayal By Chris Marsden

14 July 2015 — WSWS

Prime Minister Alexis Tsipras has signed up to an agreement that transforms Greece into a de facto colony of the European Union and places the country under the dictates of Germany.

What remains of the Greek economy, above all its most valuable assets, is to be pillaged so that Athens can continue to pay back loans from the EU, the European Central Bank and the International Monetary Fund.

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The problem of Greece is not only a tragedy. It is a lie By John Pilger

14 July 2015 — John Pilger

An historic betrayal has consumed Greece. Having set aside the mandate of the Greek electorate, the Syriza government has willfully ignored last week’s landslide “No” vote and secretly agreed a raft of repressive, impoverishing measures in return for a “bailout” that means sinister foreign control and a warning to the world.

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Dear Leo, Dear Sam By S. Artesian

13 July 2015 — The Wolf Report: Nonconfidential analysis for the anti-investor 

Shut up, you should excuse the harsh language.  Put a sock on it.  Close your gob.  Be quiet.  Just shut up.  You don’t know what you’re talking about and you keep talking about it so it’s gone from simply being embarrassing to being  annoying to being pathetic to being downright offensive.  So shut  up.

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Twits and Tweets By S. Artesian

12 July 2015 — The Wolf Report: Nonconfidential analysis for the anti-investor 

Leo Panitch, “Distinguished Research Professor of Political Science and Canada Research” or so it says on his business card (“available for weddings, bar mitzvahs, IPOs, and reality TV shows” it says on the flip side) has published this gem on Syriza where he demonstrates that nothing is more distinguished when conducting research than the disavowal of reality. 

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All In By S.Artesian

11 July 2015 — The Wolf Report: Nonconfidential analysis for the anti-investor

Worth repeating:

No, that was not the stake. 

At stake was another bailout of Greece. On top of debt forgiveness.  On top of a moratorium.

Greece is structurally incapable of retiring its debt in the next ten, twenty, or thirty years.   Greece is structurally incapable of generating sufficient revenues, no matter what level of austerity is applied, to meet more than a fraction of the costs of the “plan of four pillars.” Continue reading

Prime Minister Tsipras’ Bailout Reform Package: An Act of Treason against the Greek People By Prof Michel Chossudovsky

11 July 2015 — Global Research 

After having launched a Referendum to refute and refuse the debt bailout agreement put together by the Troika, Prime Minister Tsipras together with his newly instated Finance Minister, comes up four days latter with an austerity package broadly similar to the one which was turned down by the Greek government in June.

This about-turn had been carefully engineered. The Greek people were misled and deceived.

Tsipras had made a deal with the creditors. He was in favor of accepting the demands of the creditors all along.

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Get Ready By S. Artesian

10 July 2015 — The Wolf Report: Nonconfidential analysis for the anti-investor 

The Guardian is reporting that the Hellenic Parliament has adopted Alexis “Ain’t Too Proud to Beg” Tsipras’ latest proposals for “economic adjustment.” The report identifies 250 votes “for,” 32 votes “against,” and 8 abstentions.  Ten members apparently didn’t show up.  Continue reading

Greek government approves brutal austerity measures in proposal to EU By Alex Lantier

10 July 2015 — WSWS

Greece’s Syriza-led government agreed to a massive new €13 billion (US$14.34 billion) package of austerity measures yesterday evening, less than a week after Sunday’s landslide “no” vote in a referendum on European Union (EU) austerity.

The proposal would be the deepest package of cuts since the EU austerity drive began in Greece in late 2009. It goes well beyond the proposed €8 to 9 billion in cuts initially demanded by the EU in talks with Syriza.

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And Now… S. Artesian

10 July 2015 — The Wolf Report: Nonconfidential analysis for the anti-investor

And now, the struggle in Greece becomes much more difficult, and much more dangerous.  The bankruptcy of the “old parties”– PASOK and New Democracy, and the demoralization of the poor, the workers, the pensioners, those working in community medical clinics in order to try and maintain some social welfare,  by Syriza’s capitulation will lead to an upsurge by the worst of the right, by the fascists. 

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The Five Stages of Leftism By S. Artesian

9 July 2015 — The Wolf Report: Nonconfidential analysis for the anti-investor

                                                               When No Means Yes
1. Denial

I don’t believe it.  This can’t be real.  I just spoke with/saw him/her/they/it and he/she/they/it looked so good. The doctors, and doctorates, were optimistic.  He/she/it/they promised.  Ignore the papers, ignore the press.  Put cotton in your ears.  Don’t say another word, I’m not listening.

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Euro zone summit rejects emergency funds for Greece, issues austerity ultimatum By Barry Grey and Chris Marsden

8 July 2015 — WSWS

Leaders of the 19 euro zone countries on Tuesday rejected appeals from Greek Prime Minister Alexis Tsipras for “bridge” loans to avert a collapse of the Greek banking system. Instead, they gave the Syriza-led government two days to submit a plan for the implementation of austerity measures decisively rejected by Greek workers and youth in Sunday’s referendum. Continue reading

Greece’s Sovereign Debt Crisis: “The Losers are the Looters”. Washington Intent Upon Blocking a Greek Exit By Dr. Paul Craig Roberts

7 July 2015 — Paul Craig Roberts

I doubt that there will be a Greek exit.

The Greek referendum, in which the Greek government’s position easily prevailed, tells the troika (EU Commission, European Central Bank, IMF, with of course Washington as the puppet master) that the Greek people support their government’s position that the years of austerity to which Greece has been subjected has seriously worsened the debt problem. The Greek government has been trying to turn the austerity approach into reforms that would lessen the debt burden via a rise in employment, GDP, and tax revenues.

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Planned US Coup in Greece? By Stephen Lendman

8 July 2015  — Global Research 


Washington’s geopolitical strategy when bullying fails is either assassinating independent leaders, color revolutions, military coups or naked aggression.

If Moscow-based independent investigative journalist John Helmer is right, Greek Prime Minister Alexis Tsipras is a marked man and SYRIZA governance on thin ice showing cracks:

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Between Berlin and a Hard Place: Greece and the German Strategy to Dominate Europe By Andrew Gavin Marshall

7 July 2015 — Andrew Gavin Marshall

Between Berlin and a Hard Place: Greece and the German Strategy to Dominate Europe By: Andrew Gavin Marshall


Germany and the Troika: (left to right) German Chancellor Angela Merkel, IMF Managing Director Christine Lagarde, European Commission President Jean-Claude Juncker, European Central Bank President Mario Draghi

“They just wanted to take a bat to them,” said former U.S. Treasury Secretary Timothy Geithner, referring to the attitude of European leaders towards debt-laden Greece in February of 2010, three months before the country’s first bailout. Mr. Geithner, Treasury Secretary from 2009 until 2013, was attending a meeting of the finance ministers and central bankers of the Group of Seven (G7) nations: the United States, Japan, Germany, France, Britain, Italy and Canada.

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GREECE’D: We Voted ‘No’ to Slavery, but ‘Yes’ to Our Chains By Yves Smith

7 July 2015 — Naked Capitalism

Yves here. As this article describes, the cheerleaders over the Greek referendum last weekend has badly misread the game in play. Tsipras is now working on a coalition basis with all parties save Golden Dawn, which means firmly pro-Eurozone parties such as To Potami and New Democracy. And as he and other party leaders promised in the runup to the election that with a voter mandate, they’d be able to get a better deal from the creditors.

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