This morning, Greek finance minister Yanis Varoufakis announced his resignation on his blog. This is despite the "no" vote in the country's referendum on austerity measures, a result which Varoufakis calls "splendid". Varoufakis said he "was made aware of a certain preference by some Eurogroup participants, and assorted 'partners', for my... 'absence' from its meetings", and so he's resigning to help Prime Minister Alexis Tsipras reach a deal. He said he would "wear the creditors' loathing with pride".
Varoufakis's anti-austerity ideas are spelled out in his book The Global Minotaur: America, Europe and the Future of the Global Economy, published by our comrades at Zed Books. Below is the foreword, , to that book by Paul Mason, economics editor for Channel 4 News and author of Meltdown: The End of the Age of Greed.
The banks are closed, the bailout referendum is looming: Paul Mason describes the atmosphere in Greece as it prepares for the vote which will determine the triumph or defeat of the only anti-austerity government in Europe.
As Mason puts it:
If it all ends on Monday, with the Greeks voting for austerity in order to keep the euro, the first far-left party to hold office in modern Europe will be judged by its critics a failure ... If they win, on the other hand, they will be seen as heroes by opponents of austerity across Europe.
Monday 29 June. Visit the Guardian to read the article in full.