Last year SYRIZA, the left coalition party elected to lead the Greek government and face down its creditors and European overlords, lost its high-stakes confrontation with neoliberalism.
Days after Syriza’s capitulation to the Troika, radicals from across the world gathered in Athens for a historic conference on the future of democracy.
Those who accuse the Greeks of “recklessness” are mistaken: the creditors’ utter contempt for democracy left them with no other choice but a rupture.
We might err, but we believe that in the night of the elections in January 2015 a symbolic “tipping point” has been reached in Greece…
The noose around Greece’s neck is this: the ECB will not accept Greek bonds as collateral for the central bank liquidity all banks need, until the new Syriza government accepts the very stringent austerity program imposed by the troika (the EU Commission, ECB and IMF).
Syriza’s “head-long retreat” in the standoff with its creditors hails the failure of Tsipras’ pro-euro strategy. It’s time to start preparing for Grexit.
So from the EU/Germany/ECB perspective, they expect Syriza to behave the way everyone else does in European negotiations, and also think that a Greek exit from the Eurozone is catastrophic for Greece but not for anyone else.
The Syriza government has been elected to power in Greece with an electoral mandate to end the austerity policies imposed on Greece by the European Union, the IMF and the European Central Bank.
It’s impossible to tell how the stand-off between Syriza, Germany, and the ECB will turn out, and events are shifting daily.