After months of attacks on the supposedly feckless Greeks, the western media, intellectuals such Amartya Sen and Jürgen Habermas and the United Nations have finally woken up to the fact that the catastrophic austerity imposed on Greece is unsustainable. It was about time. This is an unprecedented and morally odious type of collective punishment imposed on a majority of Greeks, who did not see a penny from the profligacy of their rulers and who live close to the poverty line.
The partial acknowledgment of the injustice and unworkability of the austerity measures came only after popular resistance and the peaceful revolt of the indignant scored its first major victory for the anti-austerity and pro-democracy campaign. Syntagma has placed a clear sell-by date on George Papandreou and the elites that ruled Greece for 37 years. The vote of confidence for the reshuffled government bought a limited amount of time, deferring its inevitable collapse. Offering to resign on Wednesday morning and, when his offer was turned down, offering the de facto leadership of the party and government to Evangelos Venizelos, his bitter party enemy, in the evening, Papandreou is a "dead man walking". While most commentators believe the virtually bankrupt country must default and negotiate a substantial reduction of debt, the government keeps insisting that it will repay every last penny. More...
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