Marina Prentoulis writes: After five months of negotiations, Sunday evening brought a moment of painful realisation: democracy has left the EU building. The proposals put forward by the German government and its allies were preposterous – a clear message that any government opposing neoliberalism and austerity should be brought to its knees at all costs.
Their agenda completely ignores the human suffering the proposals will inflict, while also disregarding the political cost of dividing the European community and the economic cost of proposing a “temporary” Grexit. An economic solution to the crisis – a crisis that was inevitable in a monetary and economic union structured to create winners and losers – was never the primary objective. Instead, the deal with Greece has been seen as an opportunity for declaring a two-speed Europe.
Despite 11th-hour attempts by France, Italy and others to keep the eurozone – and effectively the broader EU – united, the damage has already been done, and now we have to deal with the aftermath of that blow. For the Greek government the next few days are critical: it has to explain why it ever made the assumption that the neoliberal eurozone could be reasoned with. Caught between a rock and a hard place, blackmailed and threatened for months, it eventually had to accept a very painful deal and more austerity. With an impossible mandate – to stop austerity and stay within the eurozone – the government could go only as far as the European directorate would let it. For the Greek people, the glimpses of hope to be gleaned from the prospect of some measures of debt restructuring and investment are of little comfort. [Continue reading…]