Down with Greek austerity. Let the bankers pay!

By Fred Goldstein, posted on June 10, 2015

Since February, shortly after the electoral bloc Syriza won Greece’s national elections on an anti-austerity program, negotiations have been going back and forth between Syriza and the Troika over Greek government debt. The Troika refers to the International Monetary Fund, the European Central Bank and the European Commission.

In the latest developments, the Greek government skipped a payment to the IMF of 300 million euros due on June 5 and is scheduled to bundle it with subsequent payments on June 30. Also, the Communist Party of Greece has announced mass demonstrations in the upcoming weeks.