By James Petras
The Greek people’s efforts to end the economic depression, recover their sovereignty and reverse the regressive socio-economic policies, which have drastically reduced living standards, have been thrice denied.

By James Petras
The Greek government is currently locked in a life and death struggle with the elite which dominate the banks and political decision-making centers of the European Union. What are at stake are the livelihoods of 11 million Greek workers, employees and small business people and the viability of the European Union. If the ruling Syriza government capitulates to the demands of the EU bankers and agrees to continue the austerity programs, Greece will be condemned to decades of regression, destitution and colonial rule. If Greece decides to resist, and is forced to exit the EU, it will need to repudiate its 270 billion Euro foreign debts, sending the international financial markets crashing and causing the EU to collapse.

By James Petras
Greece is experiencing a triple crisis which has a profound impact on the economy, society and political system. The economy has experienced a deep, prolonged depression lasting six years and continuing. Workers and employees have suffered a 40% loss in income and a commensurate decline in medical, pension, educational and welfare benefits. The political system has witnessed a precipitous decline in electoral support for previously dominant right and center left parties and the rapid rise of  radical democratic-socialist and fascist parties.