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 .

More than 500 activists responded to the call of the Communist Tendency and signed the petition in favour of the cancellation of the Memoranda, the immediate withdrawal of the new Memorandum and the immediate implementation of election commitments. Amongst them are activists from the entire spectrum of the left wing of Syriza.

SYRIZA and the Independent Greeks (ANEL) have just completed three months in government in Greece. The economic, social, and political situation in Greece is characterised by the worsening of the profound crisis of Greek capitalism, and by the increasing intransigence of the foreign creditors. Its fate is being sealed by the shattering of the delusions of the new administration with regard to the possibility of breaking with austerity and memoranda within the framework of bourgeois politics.

A stand-off is taking place between the Greek government and the country’s creditors that could end up with Greece defaulting on its debt, leaving the euro and even the EU itself. This would have very serious consequences both for the Greek people and the European and world economy. What is this leading to?

Last week several thousand gold miners marched in Athens against the government (the media claimed there were 6,000 protesters, although this is visibly an exaggeration). They were demonstrating against the government’s plans to close the Skouries gold mine in Chalkidiki, owned by the Canadian mining company El Dorado and also partly by Greek investors.

Varoufakis, the Greek Finance Minister, presents himself as a Marxist –albeit an “erratic” one – and is even described as such in the bourgeois media. We would argue that he is a classic reformist who believes that a solution to the present crisis can be found within the capitalist system itself, something which Marx never stood for.

Last Saturday, 14th March, the held a meeting on SYRIZA’s recent deal with the Eurogroup and what the future looks like for the party.  The event was held at the Gini building in the historic Polytechnic area and drew several dozen youth, SYRIZA activists, and workers. The discussion was held to discuss the political backpedaling of the SYRIZA government in relation to the agreement of the Eurogroup and how communists can fight against this conciliation within SYRIZA by arguing for a bold, socialist programme.

Despite all the concessions imposed on Greece by the troika, the February 20th agreement with the Eurogroup has produced very little of any substance and is already starting to unravel. The deep crisis of Greek capitalism, combined with the stubbornness of the troika in humiliating the Greek government, leaves almost no room for manoeuvre.