Thousands of workers, pensioners, self-employed, and youth took part in the demonstration at the centre of Athens that the Communist Party trade union front PAME organised and which was accompanied by a march to the Maximus Mansion (i.e., prime ministerial residence) thus expressing their opposition to the looming ‘Memorandum’.

At the last minute, when it seemed that a break was inevitable, the Greek government made a new proposal which included substantial additional concessions to the demands of Europe’s bankers and capitalists. It is not only that the Syriza government has been forced to abandon substantial points of its own election program, but even the famous “red lines” have been crossed.

The protracted negotiations between Greece and the troika which started after the election of Syriza on January 25 this year seem to have reached a dead end to which there seems to be no negotiated solution. This perception has accelerated the withdrawal of deposits from the banks which in turn brings the outcome closer. The troika is tightening the noose and unless the victim manages to break free it will choke.

The EU and IMF sharks have dropped their mask and revealed their real intentions, removing any illusions there may have been that an "honourable compromise" with the Greek government was somehow possible. The question is: what should be done now? What programme and policy should the government adopt in breaking with the creditors? Here we provide a statement of the .

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