It was after midnight on July 15 when the Greek parliament finally approved an omnibus law containing all of the “prior actions” demanded by the institutions. The vote was met with strike action, demonstrations, a rebellion by 38 Syriza MPs and the opposition of the majority of the party’s Central Committee members. Tsipras survived but he had to rely on the votes of those parties which passed the previous two Memoranda which Syriza was elected to oppose.

The deal imposed on Greece in the early hours of July 13 after an all-night Euro Summit can only be described as a humiliating capitulation. Greece has basically given up sovereignty to the Troika in exchange for a new strings-attached bailout and some vague promises that debt restructuring (but not debt forgiveness) will be studied, at a later date, perhaps. This deal will not work. It will politically destroy Tsipras and Syriza and economically will plunge Greece even further into recession. It has also exposed deep rifts within the European Union.

Join us!

Help build the forces of Marxism worldwide!

Join the IMT!

upcoming events

Oct
6

5:00 pm 06 Oct - 2:00 pm 08 Oct

Oct
20

5:00 pm 20 Oct - 5:00 pm 22 Oct

Oct
28

8:00 am 28 Oct - 6:00 am 29 Oct

Events near you