Concerning the New Memorandum and the Elections of 20 September

The 3rd Memorandum signed by the SYRIZA government marks the complete political bankruptcy of the left regime and the chimerical aspirations for a more “humane” capitalism. After taking office last January, this marks the collapse of the attempted Syriza management of the defeat of the popular social movements from the period 2010-2012. For those who had no illusions, this whole period until the adoption of the 3rd Memorandum represents simply a waiting period for the predicted backtracking, where the campaign promises to repeal or renegotiate the Memorandum and partial cancelling of the debt along with a parallel policy for the relief of the poor was first followed by the agreement of February 20 which extended the second memorandum, and then came (despite the disapproval of 62% of the voters in the referendum of July 5 rejecting the proposals of lenders) the third memorandum which is much worse than the measures rejected in the referendum.
Continue reading Greece: New text by imprisoned Revolutionary Struggle member Nikos Maziotis →

The SYRIZA-led government is collapsing. The Greek default and exit from the Eurozone, as choice of the lenders, is a process that started in 2010 and currently marks the beginning of the end of the SYRIZA government. The implementation of the memoranda from 2010 was one phase in the process of orderly default that the supranational economic elite had chosen in order to ensure the sustainability of the Euro, and to cut off one member that due to the debt crisis is considered gangrened and has to be expelled. Essentially, Greece’s default has always been regarded by the supranational economic elite as a prerequisite for its salvation, without even breaking the country’s obligations to the lenders, something that was ensured by the inclusion of the country into the power of the IMF, the ECB and the European Commission. Since 2009, Greece was already a bankrupt country and this was something known by both the then government of Georgios Papandreou and the European Union. The supranational economic elite, from 2010 onwards, followed an orderly default tactic so as to safeguard the lenders, the then holders of Greek bonds, the French, German, British and American banks.
Continue reading Text of Revolutionary Struggle member Nikos Maziotis regarding Greece’s default and exit from the EMU →