The next few hours are, again, crucial in Greece. The victory of the OXI in the referendum is being quickly turned into its opposite. The government has sent a proposal to the Troika which in essence represents accepting what people rejected in the referendum on Sunday. This in exchange for a new, third, bailout it has requested from the European Stability Mechanism, which is thought to be worth 70bn euro. It remains to be seen if this will be enough for the Troika Minotaur. Opposition is also growing in the ranks of Syriza and beyond, among the Greek working masses aroused by their victory in the referendum, but the government has worked to secure the support of bourgeois opposition parties.

Greek voters have decisively rejected the terms of an international bailout. Sunday’s referendum was a slap in the face for the bankers and capitalists of the Eurozone. The final result in the referendum, published by the interior ministry, was 61.3% “No”, against 38.7% who voted “Yes”. Most predicted Yes to have a base in the rural areas but in the end that was shown to be false.

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