From:   Doug Singsen <dougsingsen@gmail.com>
Sent time:   Sunday, November 06, 2011 2:36:56 PM
To:   september17 <september17@googlegroups.com>
Subject:   SPAM-MED: [september17discuss] Greek PM Papandreou resigns, forms coalition with conservatives, continues austerity
 

http://www.guardian.co.uk/world/2011/nov/06/papandreou-greek-leaders-unity-deal

This was probably inevitable. All the Greek pro-capitalist parties have now merged, leaving the anticapitalist parties of the far left as the only political parties outside the "grand coalition" in favor of austerity. The anticapitalist parties have been key leaders in the fight against austerity and have now achieved unprecedented levels of popular support as a result. Papandreou's party, PASOK, is supposedly "socialist" but in fact has defended the interests of the bankers and speculators over those of Greek workers (much like the Democrats in the US). The whole point of slashing social services and laying off workers is to cut government expenses so they can pay back more of their loans to banks and speculators, whose high interest rates helped drive up the Greek debt in the first place. (The other major factors in the creation of massive Greek debt were the inability of Greek industry to compete with Germany and other European powers, the lack of monetary flexibility caused by Greece's entry into the Eurozone, and the economic collapse of 2008, which was also caused by the banks and speculators. The supposed "laziness" and "overspending" of the Greek government that the US media is always talking about are not the real economic causes of Greece's crisis, but rather are designed to distract attention away from the real causes, which all go back to the interests of the banks, international corporations, and speculators.) Unions, most of which had previously supported PASOK, are now in the process of breaking with PASOK and allying with the anticapitalist left.

Doug
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