[Marxism] Fwd: Greece and the Underdevelopment of Europe | The Column

Louis Proyect lnp3 at panix.com
Tue Jul 14 15:49:36 MDT 2015

Following the referendum in Greece it is time to think further about the 
geopolitical sea change indicated by the European economic crisis. There 
is tangible shock, even among some conservative commentators, at the 
zealotry that is still being displayed by Greece’s creditors, who 
continue to refuse the Syriza-led government any alternative to 
indefinite debt bondage despite a decisive popular rejection of the 
bailout proposals.

That Greece was allowed to miss last week’s deadline to repay the 
International Monetary Fund because of the refusal of the ‘troika’ 
(European Commission, European Central Bank and International Monetary 
Fund) to compromise, was indeed a striking display of neoliberal 
dogmatism. Many across Europe have been keen to demonstrate their 
solidarity with the Greek people whose living standards are being 
decimated under perpetual austerity and whose situation is likely only 
to get worse. Yet, perhaps a further, more unsavoury element underlies 
our reaction to the Greek crisis. What has really disconcerted 
spectators is that the titans of international finance capital are 
willing to dismantle not just a nation-state but a European nation-state.


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