The working class based victory for the "No", with more than 60% is a revolutionary event. The people have given a mandate for revolutionary resistance and against Memorandum agreements. It's time for the nationalization of banks, repudiation of the debt and the overthrow of Memoranda and barbaric capitalism which spawned them.

Last night, Friday 3 July, there was a massive pro “OXI” (no) demonstration in Athens ahead of the referendum on the austerity policies of the institutions, or Troika. The demonstration gathered in Syntagma Square, outside of the Hellenic Parliament.

An open letter appeared in the Guardian newspaper on Sunday 28th June appealing for debt relief for Greece. The letter is addressed to David Cameron, the head of the Tory government. It is signed by, among others: Frances O’Grady (general secretary, TUC); Len McCluskey (general secretary, Unite the Union);recently knighted Sir Paul Kenny (general secretary, GMB); Manuel Cortes (general secretary, TSSA); Paul Mackney (Chair, Greece Solidarity Campaign); Jeremy Corbyn MP; John McDonnell MP; and Caroline Lucas MP.

The Greek crisis is approaching a denouement. This marks a turning point for the working class of Greece and the whole of Europe. Last January Greece voted for a government that promised to end the austerity policies that have ruined the country. The election of Syriza gave hope to many people throughout Europe. But precisely for this reason, the political leaders in Brussels and Berlin decided to crush the new government, to humiliate it, to sabotage it and finally to bring about its overthrow.

Join us!

Help build the forces of Marxism worldwide!

Join the IMT!

upcoming events