{"id":146777,"date":"2015-04-06T08:09:00","date_gmt":"2015-04-06T08:09:00","guid":{"rendered":"http:\/\/rinf.com\/alt-news\/?guid=6d5e586645d7a118b2511974581b8d4b"},"modified":"2015-04-06T08:09:00","modified_gmt":"2015-04-06T08:09:00","slug":"german-intransigence-raises-spectre-for-grexit","status":"publish","type":"post","link":"http:\/\/rinf.com\/alt-news\/editorials\/german-intransigence-raises-spectre-for-grexit\/","title":{"rendered":"German Intransigence Raises Spectre for \u2018Grexit\u2019"},"content":{"rendered":"
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Greece\u2019s newly elected government, led by the leftist Syriza coalition that swept into power in January on an anti-austerity platform, finds itself in a highly unenviable position. Athens is burdened by colossal debt, imminent liquidity problems and a looming banking collapse. What is at stake for Greece now is its very ability to survive economically within the euro-zone.<\/p>\n

The Syriza coalition emerged from various offshoots of the Greek radical left, which set itself apart from the political mainstream by taking an anti-capitalist position emphasizing wealth redistribution and class struggle, while allying itself with alter-globalization movements and trade unions. The ascension of Syriza represents the most leftward shift in European politics in decades.<\/p>\n

Once a negligible force at the ballot box, Syriza has gradually succeeded in commanding support among the wage-earning class and the urban unemployed, who view the coalition as the only political force capable of pulling the country off the trajectory of austerity, imposed by Greece\u2019s creditors \u2014 primarily Germany.<\/p>\n

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The new government of Prime Minister Alexis Tsipras has captured the broad popular support of Greek society as the country faces an asymmetric struggle to negotiate a restructuring of Athens\u2019 debts and a reversal of austerity policies attached to a previous \u00e2\u201a\u00ac240 billion bailout agreement, which Germany and the European Central Bank (ECB) remain inflexibly opposed to.<\/div>\n
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Read the full story on New Eastern Outlook<\/a><\/b><\/i><\/div>\n

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Nile Bowie<\/b> is a columnist with Russia Today, and a research affiliate with the International Movement for a Just World (JUST), an NGO based in Kuala Lumpur, Malaysia. He can be reached at nilebowie@gmail.com<\/span><\/a>.<\/i>

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First appeared:http:\/\/journal-neo.org\/2015\/04\/03\/german-intransigence-raises-spectre-for-grexit\/<\/a><\/span><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

\n
<\/a><\/div>\n

Greece’s newly elected government, led by the leftist Syriza coalition that swept into power in January on an anti-austerity platform, finds itself in a highly unenviable position. Athens is burdened by colossal debt, imminent liquidity problems and a looming banking collapse. What is at stake for Greece now is its very ability to survive economically within the euro-zone.<\/p>\n

The Syriza coalition emerged from various offshoots of the Greek radical left, which set itself apart from the political mainstream by taking an anti-capitalist position emphasizing wealth redistribution and class struggle, while allying itself with alter-globalization movements and trade unions. The ascension of Syriza represents the most leftward shift in European politics in decades.<\/p>\n

Once a negligible force at the ballot box, Syriza has gradually succeeded in commanding support among the wage-earning class and the urban unemployed, who view the coalition as the only political force capable of pulling the country off the trajectory of austerity, imposed by Greece’s creditors – primarily Germany.<\/p>\n

<\/div>\n
The new government of Prime Minister Alexis Tsipras has captured the broad popular support of Greek society as the country faces an asymmetric struggle to negotiate a restructuring of Athens’ debts and a reversal of austerity policies attached to a previous €240 billion bailout agreement, which Germany and the European Central Bank (ECB) remain inflexibly opposed to.<\/div>\n
<\/div>\n
\n
Read the full story on New Eastern Outlook<\/a><\/b><\/i><\/div>\n

<\/i><\/div>\n

Nile Bowie<\/b> is a columnist with Russia Today, and a research affiliate with the International Movement for a Just World (JUST), an NGO based in Kuala Lumpur, Malaysia. He can be reached at nilebowie@gmail.com<\/span><\/a>.<\/i>

<\/span>
First appeared:http:\/\/journal-neo.org\/2015\/04\/03\/german-intransigence-raises-spectre-for-grexit\/<\/a><\/span><\/div>\n<\/div>\n","protected":false},"author":1236,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[461],"tags":[],"class_list":{"0":"post-146777","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-editorials"},"_links":{"self":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/posts\/146777","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/users\/1236"}],"replies":[{"embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/comments?post=146777"}],"version-history":[{"count":0,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/posts\/146777\/revisions"}],"wp:attachment":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/media?parent=146777"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/categories?post=146777"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/tags?post=146777"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}