ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Taking on the 'Banksters'

Will democracy triumph against the international "banksters" in the country where it all began?

Metaphorically speaking, spring seems to be in the air in Aristerás, abbreviated as Syriza, a coalition of the radical left – Greece. Widespread despair seems to have given way relatively speaking, a new kid on the political block – received to hope – the expectation of change for the better, “the nearly 17% of the vote in the legislative elections early last month, start of a new chapter not only for Greek progressive politics but coming in as the second largest party in the Greek parliament. for the future of Europe”, as C J Polychroniou put it last week in The conservative Néa Dimokratía (ND, translated as New this journal (EPW, 26 May 2012). The Synaspismós Rhizospastikís Democracy) party came in first, and the Panhellenic Socialist Movement, widely known by its acronym PASOK, came in third. These two establishment parties could not get the required majority even as they came together to try to form a coalition government. Syriza, of course, refused to be part of a government that takes its orders from the “troika” – the International Monetary Fund, the European Central Bank and the European Commission – that together represent the interests of fi nance capital, more specifically, the holders of a large part of Greek public debt.

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