Sunday, 5 July 2015
GREECE SENDS ASTONISHING AND RESOUNDING 'OXI' [NO] TO FURTHER EU AUSTERITY
So much for it being a close vote! The Greek people today delivered a resounding blow to the European Central Bank's plan to implement further hardship and austerity on the Greek people. More than 60% of Greeks voted 'No'. And this represents a huge success for Prime Minister Alexis Tsipras and an extraordinary vindication of the Syriza Government and its record since January 25th. Despite falling living standards and increased hardship, epitomised by the enforced 'bank holiday' this week which restricted customers to €60 per day, the Greek people have again resoundingly backed their radical left wing Government. What is perhaps most remarkable about today's result is that this vote of confidence comes despite the Governments inability to deliver on its 7 manifesto promises [It's 'Thessaloniki Declaration']. Nevertheless their trenchant refusal to inflict further austerity on Greek voters has been very important and popular. They have confronted the Troika, looked them in the eye and told them straight that they will not implement their austerity programme. All previous Greek Governments have humiliated the Greek people with their acquiescence to the money men and their cuts. Syriza are profoundly different in this regard. That is why they won today. And one key reason why the No side won so handsomely is that so many young Greeks have unusually turned out to vote. And despite the combined efforts of the international money men and the threats of all EU Governments in attempting to undermine the Greek economy Syriza have strengthened their political mandate. Alexis Tsipras promised to resign if the Yes side won. Syriza made it clear they would not inflict further humiliation on the Greek people. They would have stood down and asked the Greek President to pull together a new administration. Today's referendum result is therefore an astonishing victory for Syriza and for the Greek people as the Troika will be forced to make considerable concessions. It is a defeat for the right in Greece, the Troika and for neo-liberal politicians worldwide including Britain. Of course Greece is not out of the financial woods yet, not by a long way. Syriza will go back to Brussels in the morning and renegotiate the deal they rejected last week. It was significant this week that the IMF concluded that Greek debts will simply have to be written off and that Greece will have to be given the further bank bail-outs Syriza has demanded. I expect the deal rejected by Syriza last weekend will now be renegotiated to allow both sides to step back from the prospect of a 'Grexit' they both wish to avoid. And I expect the ECB to restore further 'emergency funding' to allow Greek banks to reopen on Tuesday. Above all however this defeat for neo-liberalism strengthens Syriza's hand and will be cheered by working class people worldwide for that.