Paul Mason, Economics Editor for Channel 4 and author of Why It's Still Kicking Off Everywhere, gives his instant reaction to a referendum on the EU bailout called by the Greek prime minster Alexis Tsipras.
The EU refused to grant Greek banks extra credit, forcing their closure for seven days until the outcome of a national referendum on the bailout called by Greek prime minister Alexis Tsipras. Paul Mason, Economics Editor for Channel 4 and author of Why It's Still Kicking Off Everywhere, writes on how the Eurozone has reached its nadir.
If one follows day by day the actions of the International Monetary Fund, the European Central Bank and the European Commission, it is easy to describe the scenario: the global financial system is organising a coup d'etat in Greece. And, in order to implement it, it is starving and humiliating millions of people, and pushing them towards a humanitarian disaster that we never expected to happen in Europe.