Alexis Tsipras claimed there was no realistic alternative to austerity for Greece. He was wrong.
The “Programme of Social and National Rescue for Greece” was written in Athens in the early spring. That was a time of great concern for those who truly wanted social and economic change in Greece, as opposed to those who merely talked about it.
The Syriza government had already signed the notorious agreement of February 20, which led to its eventual defeat. The agreement aimed at securing a fresh loan for Greece, while promising to keep a balanced budget and make “reforms.” It secured absolutely no benefits for the country and, worst of all, left the government without a ready pool of liquidity to draw on. Greece would henceforth rely exclusively on the largesse of Mario Draghi’s European Central Bank (ECB).
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