Costas Lapavitsas is a candidate standing for election on Syriza’s list. He is a Professor of Economics at the School of Oriental and African Studies, University of London. He is a member of Research on Money and Finance (RMF). He was the lead author of the RMF reports published by Verso as Crisis in the Eurozone. His previous publications include Social Foundations of Markets, Money and Credit and Political Economy of Money and Finance and Profiting Without Producing: How Finance Exploits Us All.
On 25 January 2015, Syriza, the radical Left coalition lead by Alexis Tsipras, won a historic election victory winning just two seats shy of an absolute majority in the Greek parliament. As Etienne Balibar observed at the time:
“This is the first time that any popular force has proven able to pose a challenge to the ‘governance’ that has dominated Europe ever since the ‘neoliberal’ turn. This rupture is taking place in a ‘small country’, but the Greek experience has its echoes everywhere."
The election was won on the back of a campaign that promised to renegotiate the terms of the country's bailout by the European Union, in stark contrast to Northern European ideology of austerity. Syriza's election win sent shockwaves throughout the international money markets, with the European Central Bank implementing credit controls on Greek banks, restricting its cash flows and making prohibitively expensive for those banks to access capital. After months of negotiations between Greece and its creditors, there has been an impasse, with Germany and its Northern European aliies unyielding despite extensive concessions given by Syriza on the conditions of its €8bn austerity package.
On 27 June, Tsipras called a referendum to decide whether or not to accept the bailout conditions given by the EU. It is a gutsy decision that took much of the world by surprise. A 'No' vote would galvanise Syriza and give it a public mandate to bolster its position against the country's creditors, whereas having its own subjects voting 'Yes' to extensive cuts would deliver perhaps the punishing final blow to any credible alternative to austerity in the Eurozone.
With this in mind, we bring you an essential reading list that aims charts the trajectory of Syriza from its origins as a loose coalition on the fringes of Greek politics to being the only credible party on the European Left that is openly fighting back against the violent ideology of austerity.