- js reader version
- view hidden posts
- tags and related articles
by Stephen Lendman
Saturday, Jun. 27, 2015 at 2:44 AM
Greece Announces Referendum on Bailout Terms
by Stephen Lendman
Greece has a choice: renounce its odious debt, exit the Eurozone, reinstitute the drachma currency, end austerity, regain national sovereignty including monetary and fiscal policy control, accept transitional pain, or stay trapped in the euro straightjacket assuring endless debt peonage, greater austerity and virtual indentured servitude of the entire population to Troika diktats.
Following an emergency Friday cabinet meeting, Greek Prime Minister Alexis Tsipras announced a July 5 national referendum to decide up or down on accepting or rejecting harsh new austerity measures Troika officials demand.
"After five months of hard negotiations, our partners unfortunately ended up making a proposal that was an ultimatum towards Greek democracy and the Greek people," he said on national television.
They presented "an ultimatum at odds with the founding principles and values of Europe, the values of our common European construction."
Demands made reflect "blackmail for the acceptance on our part of severe and humiliating austerity without end and without the prospect of ever prospering socially and economically."
"…I personally pledge that I will respect the result of your democratic vote whatever that may be."
At the same time, he's willing to impose austerity terms he proposed - instead of renouncing them altogether, leaving Greece trapped under a system destroying its sovereign democratic rights unless forced out of Eurozone membership for failure to comply with oppressive diktats, a so-called Grexit.
Tsipras said he informed Germany's Merkel, France's Holland and ECB head Mario Draghi. "I asked them to extend our current bailout by a few days so this democratic process could take place," he said. It expires on June 30.
Government spokesman Gavriel Sakellarides said "(t)he question is not whether we will remain in the Eurozone. The Greek people should not be afraid." Staying in should terrify them.
Greek MPs will hold an emergency Saturday session to authorize referendum voting in line with constitutional law. At the same time, several cabinet ministers they won't support "barbaric measures" Troika officials demand.
Greece is being economically and financially raped and pillaged. Multiple rounds of austerity-forced budget cuts ravaged its economy. It contracted over 25%, unemployment and poverty soared, and human suffering is extreme for lack of basic services drastically cut or eliminated.
Greek media reported people will be asked to vote up or down on whether to accept Troika austerity demands. Tsipras aide Nikos Pappas said voters will likely reject them.
Development Minister Panagoitis Lafazanis expects a "resounding no" vote. Independent Greeks party leader Panos Kammenos "call(ed) for all…party (members) to participate in this big celebration of democracy called a referendum and vote 'no'…to handing away our independence."
On Saturday, Eurozone finance ministers will discuss what's next for Greece. Its 0 billion debt burden is impossible to bear. The more it borrows to pay bankers, the deeper the hole it digs.
What can't be repaid, won't be. Greece faces an inevitable choice - either act responsibly now by renouncing its odious debt or be forced to do it later under even more horrific conditions for ordinary people.
Paul Craig Roberts explains saying Greeks must choose between "starvation…for remaining in the EU" and NATO or "default(ing)" to become "debt free."
Plenty of help is available from Russia, China and perhaps other BRICS countries - not from a rapacious, anti-populist, belligerent EU/NATO system dominated by America, Germany, Britain and France.
It's up to Greece to choose - survival as a sovereign state or indentured servitude beholden to predatory Western financial interests.
Stephen Lendman lives in Chicago. He can be reached at firstname.lastname@example.org.
His new book as editor and contributor is titled "Flashpoint in Ukraine: US Drive for Hegemony Risks WW III."
Visit his blog site at sjlendman.blogspot.com.
Listen to cutting-edge discussions with distinguished guests on the Progressive Radio News Hour on the Progressive Radio Network.
It airs three times weekly: live on Sundays at 1PM Central time plus two prerecorded archived programs.
Report this post as:
GUIDE TO REBEL CITY LOS ANGELES AVAILABLE
lausd whistle blower
Help KCET and UCLA identify 60s-70s Chicano images
UCLA Luskin: Casting Youth Justice in a Different Light
Change Links April 2018
Nuclear Shutdown News March 2018
Join The Protest Rally in Glendale on April 10, 2018!
Join The Protest Rally in Glendale on April 10, 2018!
Spring 2018 National Immigrant Solidarity Network News Alert!
Anti-Eviction Mapping Project Shows Shocking Eviction Trends in L.A.
Steve Mnuchin video at UCLA released
Actress and Philanthropist Tanna Frederick Hosts Project Save Our Surf Beach Clean Ups
After Being Told He's 'Full of Sh*t' at School Event, Mnuchin Demands UCLA Suppress Video
Resolution of the Rent Strike in Boyle Heights
What Big Brother Knows About You and What You Can Do About It
Step Up As LAPD Chief Charlie Beck Steps Down
Our House Grief Support Center Hosts 9th Annual Run For Hope, April 29
Don’t let this LA County Probation Department overhaul proposal sit on the shelf
Echo Park Residents Sue LA Over Controversial Development
Former Signal Hill police officer pleads guilty in road-rage incident in Irvine
Calif. Police Accused of 'Collusion' With Neo-Nazis After Release of Court Documents
Center for the Study of Political Graphics exhibit on Police Abuse posters
City Agrees to Settle Lawsuit Claiming Pasadena Police Officer Had His Sister Falsely Arre
Professor's Study Highlights Health Risks of Urban Oil Drilling
Claims paid involving Pasadena Police Department 2014 to present
Pasadenans - get your license plate reader records from police
LA Times Homicide Report
More Local News...
Biodiversité ou la nature privatisée
The Market is a Universal Totalitarian Religion
Book Available about Hispanics and US Civil War by National Park Service
The Shortwave Report 04/20/18 Listen Globally!
The Republican 'Prolife' Party Is the Party of War, Execution, and Bear Cub Murder
Paraphysique de la dictature étatique
Book Review: "The New Bonapartists"
The West Must Take the First Steps to Russia
Théorie générale de la révolution ou hommage à feu Mikhaïl Bakounine
The Shortwave Report 04/13/18 Listen Globally!
“Lost in a Dream” Singing Competition Winner to Be Chosen on April 15 for ,000 Prize!
The World Dependent on Central Banks
Ohio Governor Race: Dennis Kucinich & Richard Cordray Run Against Mike DeWine
March 2018 Honduras Coup Again Update
Apologie du zadisme insurrectionnel
ICE contract with license plate reader company
Black Portraiture(S) IV: The Color of Silence...Cuba No...Cambridge Yes
Prohibiting Micro-Second Betting on the Exchanges
Prosecutors treat Muslims harsher than non-Muslims for the same crimes
Amy Goodman interview on cell phone safety
Mesa, Arizona police officer kills unarmed white man
Israeli leaders should be prosecuted for war crimes
Paraphysique de l'autorité
Two Podcasts on fbi corruption
Fbi assassins assault & try to kill DAVID ATKINS
EPA Head Scott Pruitt: Of Cages And Sirens
More Breaking News...