The strategists of international capital are finally coming round to the idea that a new bail-out for Greece is necessary. With it comes an even harsher “memorandum” for the workers, involving the infamous “medium term programme” already announced by the government, which includes draconian austerity measures and the selling off of state assets. But now the labour movement is beginning to put its imprint on the situation.

Yesterday a milestone was passed in the social and political situation in Greece and throughout Europe. Impressive mobilizations rolled across the country: half a million in Athens and rallies  of thousands of people gathered in Thessaloniki, Patras, Larissa, Volos, Heraklion, etc. This places Greece on the threshold of a revolutionary situation. It means that, for the first time in decades the developed capitalist countries of Europe are faced with the prospect of a revolution with continental dimensions.

The situation in Greece is changing day by day, and is moving in the direction of a revolutionary situation. Starting on Wednesday, 120-150,000 people thronged Syntagma Square and other central squares in all the main Greek towns. The masses protested the austerity policies of the government and the brutal aggression of the European Union against the people of Greece.

On Sunday night at Syntagma Square, as a follow-up of the mass demonstration of 150,000 people against the blackmailing of the workers by the bankers and their political lackeys, there was the biggest popular assembly since the beginning of the movement, with the participation of between 6.000 and 7.000 protestors. Among the speakers who took the floor was the member of the editorial board of “Marxistiki Foni”, comrade Stamatis Karagiannopoulos, who made the following short speech:

The tactless intervention of the EU officials in Greek politics has put the cat among the pigeons here. Until now the pretence was maintained of “political consensus” as a condition for any funding from the IMF and EU loan. There was even talk of a possible "soft restructuring” of subsequent instalments of the € 110 billion loan or a new loan of € 50 - €60 billion. It was hinted that they might lengthen the repayment of the older debt.

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