As I write these lines the destinies of Greece are being decided in a titanic struggle in which the Greek working class is confronting the big banks and capitalists of all Europe. The EU is subjecting Greece to the most shameless blackmail. They say: either accept draconian cuts in your living standards, or else we will refuse to hand over the next tranche of 12 billion euros.
That would mean that the Greek government would soon run out of money. It would not be able to pay the wages of nurses, doctors, teachers or policemen. Greece would be bankrupt.