The situation in Greece is getting critical. The government approved yet another austerity package last Sunday which sparked some of the most intense street protests during the ongoing crisis. Greece has reached a point where the politicians can’t even venture out from their offices without facing random people shouting abuse and hurling yoghurt at them. The Greek people seem to have lost any last hope they had that the crisis could be solved by the current political system. The only way the Greek ruling class will be able to push through its austerity agenda now is by brute force. A combination of a general feeling of hopelessness on the streets and harsh repression by the police is potentially highly explosive. One can only hope that should the situation escalate, its resolution will be as quick and as painless (relatively speaking) as that of the Argentina crisis of 2001, as Jerome Roos predicts.
Mike Whitney has deconstructed the “Memorandum of Understanding” inforced by the EU-ECB-IMF troika as a condition for the next tranche of the Greek bailout package here. From reading the memorandum it becomes clear that these austerity policies have nothing to do with helping the Greek economy back on its feet. Indeed, we’ve already seen years of these kinds of policies without any positive effects. Instead, the agreement is all about opening up every area of the Greek society to predatory capital. It’s about removing any barriers to capital accumulation, such as decent wages or even food security. This is no longer even the “fire sale” Greg Palast was writing about, but full on pillage and plunder of the kind that is more familiar from the Third World. Clearly the elite is fully aware that its time is running out, so it’s now simply grabbing anything it can get its hands on without any consideration for repercussions.
On a more positive note, people in other European countries seem to be finally waking up to the reality, as they should since it would be naive indeed to think that the vultures will be satisfied with just Greece. It’s only a matter of time before they’ll be coming for the rest of us, unless we do something about it now. That’s why it’s of foremost importance to stand with the Greek people and against the European elite, including the elites of our own countries who are perpetrating these destructive policies. We must not succumb to the divide-and-rule rhetoric pushed by the elites through mainstream media in Germany in particular. The people of Greece are on our side, not our national or European leaders.
On this Saturday, February 18, people will be demonstrating all around Europe in solidarity with the Greek people. A call out for this event in various languages can be found here:
A list of the scheduled events is found here:
There’s also this appeal for solidarity with the people of Greece from the British Coalition of Resistance Against Cuts & Privatisation:
In case you can’t make it to the streets, you can still show your support via this photo blog: