The Spark July 2010
In the last issue of The Spark we reported on recent events from the class struggle in Greece. Some of the fiercest popular resistance to the current crisis of capitalism has erupted in Greece over the last couple of years. The latest chapter in this unfolding drama has been the revelation that Greece is unable to pay back the huge foreign debt that it has accumulated during its years of economic growth since joining the eurozone in 2001. According to a report by Costas Lapavitsas and other economists (http://tiny.cc/a7e05), the debt crisis is an inevitable consequence of the structure of the eurozone, which is extremely hierarchical.
A “core” comprising the richest countries (Belgium, France, Germany and Netherlands) dominates the “periphery” (Greece, Ireland, Italy, Portugal and Spain). Germany has acquired the dominant position in the capitalist “race to the bottom” by squeezing its workers hard in the aftermath of reunification. German politicians and newspapers have been busy whipping up resentment against “profligate” Greeks, since a large chunk of the cost of the bailout package will fall on the German working class. However, it is only the militancy of the Greek workers that have prevented their living standards being pushed down even further than their already low level. It is time for German and other workers to start “learning Greek”!
Mike Kay, industrial officer for the Workers Party, who travelled in Greece in June, spoke to Stavros and Paulin from the OKDE (Organisation of Communist Internationalists of Greece) in Athens. Read the rest of this entry »