The following two posts, by Richard Seymour, were originally published on Lenin's Tomb.
Syriza. Defeat. Victory. Defeat.
10 July, 2015
It is gut-wrenching, watching Syriza beg and plead with the creditors not to crush Greece. Too late did they realise that they weren't negotiating. They had nothing to negotiate with, no cards to play. They went looking for the 'good euro', and found only ruthless, mercenary capitalist enforcers. They sought compromise and were given fiscal strangulation. Even after their big deal with the creditors in February, wherein they gave up most of their emergency programme, none of the money they expected was forthcoming. Their means of raising money were cut off. For months, and months, they made concessions; the troika made none. Finally, they were all set to sign up to a deal considerably worse than any imposed on previous governments. The troika demanded more, on pain of destroying the banking system.
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