Greece must bow to austerity or go bust, says EU

[TexasTowelie]

2. Of course they believe that they hold all of the cards.

Have you ever known a banker that wasn't an arrogant prick?

SYRIZA and Left must now justify the hopes placed in it by the working class and social movements, not only in Greece, but across Europe and far beyond. It now has a historic mandate based on these hopes.

However, there should be no illusion: This political victory in the elections--as great and important as it is--is only the first step. It is a new starting point along a difficult path that will be marked by tough and decisive battles against the system.

The owners of the mass media, the Bankers and industrialists, the Schäubles and Draghis {referring to conservative German Finance Minister Wolfgang Schäuble and European Central Bank President Mario Draghi} will try to extinguish the fire of Greece's rebellion against austerity. They will use the carrot and the stick--threatening and blackmailing on the one hand, but also proposing compromises whose effect would be to prolong the Memorandum framework.

The reversal of austerity has begun, but the decisive path lies ahead. We must remain unwavering in our fundamental objectives of abolishing the Memorandum and removing austerity in order to be in a position to win the great battles that will come--to have a chance of completing process, we must stay strong in the political commitments put forward for a government of the left. We must confront both the "stick" of blackmail and threats, and the "carrot" of the "fair compromises" that maintain the priorities of the Memorandums.

More at http://socialistworker.org/2015/01/26/taking-the-first-step-in-greece .