Tuesday, July 7, 2015
Costas Panayotakis on the Greek people's rejection of austerity demands
On matters Greek, one commentator whose views I always turn to is Costas Panayotakis, a professor of sociology at the New York City College of Technology of the City University of New York and author of Remaking Scarcity: From Capitalist Inefficiency to Economic Democracy.
Panayotakis has recently returned from Greece and was interviewed by Amy Goodman on the program "Democracy Now!" this morning where he said:
This time around not only did Greek citizens get the chance to have a say on their future, but they were also brave enough to resist the campaign of ideological terrorism unleashed on them by the media controlled by Greek oligarchs, as well as by business owners threatening them that they would lose their jobs if ‘no’ prevailed, and by European officials threatening that Greece would be ejected from the eurozone if ‘yes’ did not win. The referendum result may not end austerity in Greece, but it does create a better environment for Greek anti-austerity forces to keep fighting. As for European governments and institutions, they are faced with a choice of either reaching a compromise with the Greek government that takes into account the referendum result or continuing strangulating the Greek economy and increasing the risks of a eurozone rupture."