News Release

Greece: Government vs People?


COSTAS PANAYOTAKIS, [in NYC] cpanayotakis at
Panayotakis is associate professor of sociology at the New York City College of Technology at CUNY and author of “Remaking Scarcity: From Capitalist Inefficiency to Economic Democracy.” He said today: “A Greek parliament that, according to all the polls, no longer represents the views of Greek citizens has passed a new austerity package that, like the previous austerity packages dictated by the European Union and the IMF, will not only lead to the collapse of people’s living standards but also prove ineffective by adding to the Greek economy’s severe depression. The reliance, by the government of the unelected former banker, Lucas Papademos, on intense police repression did not prevent very large protests from taking place both in Athens and around Greece. Though marred by fires that burned many buildings in downtown Athens, these protests have intensified the pressure on the Greek political class, leading to over 40 deputies from the socialist and conservative parties supporting the government to vote against the new austerity package. Adding to a third party’s withdrawal of support for the government and the resignation of six cabinet members over the last few days, this latest development shows that, as the Greek economic and social crises intensify, the Greek political system is now hanging by a thread.”

See Panayotakis’ pieces: “The Eurozone Fiasco

Debunking the Greek (and European) Crisis Narrative