Peer2Politics

Every single mainstream media has the following narrative for the economic crisis in Greece: the government spent too much money and went broke; the generous banks gave them money, but Greece still...

Like the Independence referendum in Scotland, Greece has entered a process which is unstoppable.

As George Osborne goes to the dispatch box next week to deliver his emergency budget, the collective voice of Greece’s people will reverberate through his mind. They will either have accepted the policies of the European Union and International Monetary Fund (IMF), and assured him that fear can beat hope, that austerity will continue to be the order of the day.

Andrew Watt explains why a Greferendum this Sunday won't solve the political impasse and why A European Council should be organised.

It was just four months ago, though it already seems like a lifetime away, when Greece’s celebrity finance minister Yanis Varoufakis publicly stated that “creative ambiguity” won the country a “loan lifeline” from the institutions formerly known as the troika: the European Central Bank, the European Commission, and the International Monetary Fund. Despite the never-ending soap opera that is Greek crisis politics though, few would have imagined that the SYRIZA-led coalition government would succeed in outdoing itself in terms of its “creative ambiguity,” by calling a referendum which, just days before the polls open, remains remarkably unclear as to its actual meaning and potential consequences.

Paul Mason: Sunday’s referendum is taking place against the background of a kind of financial warfare. If the idea is to terrorise the population, it has only half worked

As Greece prepares for a referendum on its creditors' demands for austerity, the future of Europe hangs in the balance.