Greece Rejects the Troika. What’s Next? by Michael Hudson + Greece: It all seems so clear – and so complicated by Siv O’Neall

OXI in Brussles

Image by Maxime De Ruyck via Flickr

by Michael Hudson
Writer, Dandelion Salad
michael-hudson.com, July 6, 2015
July 8, 2015

Just after 7 PM Greek time on Sunday, I was told that the “No” vote (Gk. Oxi) was winning approximately 60/40. The “opinion polls” showing a dead heat evidently were wrong. Bookies across Europe are reported to be losing their shirts for betting that the financial right wing could fool most Greeks into voting against their self-interest. The margin of victory shows that Greek voters were immune to media misrepresentation during the week-long run-up as to whether to accept the troika’s demand for austerity to be conducted on anti-labor lines.

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