Yesterday the Greek people voted by an unexpectedly large margin of 6l.31% against the austerity programs insisted upon by the European creditors–despite threats from the creditors that Greece would be expelled from the European Union. This was a victory for democracy and for the 99% against the 1%. The blog I wrote on the eve of the referendum explains the situation.
Here in Greece, we are in a state of suspended animation and have been for the past 5 ½ months, since the new government of Alexis Tsipras began to negotiate with the European Commission, the European Central Bank, and the International Monetary Fund, popularly known as the Troika, regarding the Greek national debt. Each week we have heard: “a few days more and the crisis will be resolved.” We hold our breath and wait. Holding your breath for that long takes a toll on your health. Right now our banks are closed, and no one knows what the future will be.
Prime Minister Alexis Tsipras and Minister of Finance Yiannis Varoufakis have been negotiating on the assumption that representatives of the Troika are rational and moral actors—or can be convinced to be. Continue reading “Referendum in Greece: One Small Victory for the 99% by Carol P. Christ”
