Solidarity needed as Greece goes to polls again

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As Alexis Tsipras resigns , Syriza splits, a new Popular Unity Party is formed by ex-Syriza MPs and a general election is called for September, the ravages of the most extreme austerity measures in Europe imposed on the people of Greece remain.

Little of the 23 billion Euros, the first tranche of the 3rd bail out, paid to Greece on 20th August will be available to the Greek government to spend. 3.4 billion was immediately paid to creditor European Central Bank, 7.6billion will pay back the EU bridging loan made to Greece in July (which in turn was used to pay off loan repayments to the ECB and IMF) and 10 billion will be put in a fund to recapitalise the Greek banks.

90% of the earlier loans made to Greece went straight back to Northern European banks – see the excellent overview by Jubilee Debt Campaign and the excellent documentary ‘The Trail of the Troika’. The country is weighed down with debts that can never be paid, as even the IMF admits.

For the people of Greece the ravages of austerity continue:

European-wide Solidarity with the people of Greece. Campaign to Drop the Debt.

Join the Greece Solidarity Campaign and support Medical Aid for Greece!

imagesZ0RQFWS3Order tickets for the GSC Dinner for Medical Aid for Greece Friday Sept 18th

Resisting Austerity Measures across Europe. Organisations across Europe are mobilising to protest at the next EU Council Meeting in Brussels October 15th – 17th. In the UK there will be a week of protest against austerity in October at the Conservative Party Conference in Manchester. In Spain it is likely that the anti-austerity movement will have strong support in the December General Elections.

 

 

 

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