Europe's Moment of Truth

http://mrzine.monthlyreview.org/2015/patnaik020815.html
Date Written:  2015-08-02
Publisher:  Monthly Review
Year Published:  2015
Resource Type:  Article
Cx Number:  CX17876

Greek Premier Alexis Tsipras' acceptance of an "austerity package" on July 13, which contained measures rejected by the Greek people in a referendum barely a week before, represents not just an abject surrender by the Syriza government, or a sign of contempt on the part of German finance capital for the Greek electorate; it marks a decisive turning point for Europe (and indeed for the rest of the world), and the end of the road for a whole way of thinking on the Left, especially the European Left.

Subject Headings

• Austerity
• European Union
• Fascism
• Finance Capital
• Greece
• International Monetary Fund (IMF)
• Syriza