Ellen Brown: The crushing Greek debt could be canceled the way it was made – by sleight of hand. But saving the Greek people and their economy is evidently not in the game plan of the Eurocrats.
Denis Campbell: The EU got greedy. They needed to humiliate and break Greece. There was even talk yesterday about a ‘temporary Grexit’ from the Union so they can get their affairs in order (read: accept the deal or we will crush you).
Ellen Brown: Greece could restore the liquidity desperately needed by its banks and its economy by nationalizing the banks and issuing digital loans backed by government guarantees to its ailing businesses.
Robert Koehler: As the profiteers impose austerity on the vulnerable, indebtedness becomes a condition to be mocked. Yet we are all indebted. Our lives depend on the good will of others.
Richard Wolff: If the Greek people vote no—their refusal to cooperate with capitalism’s plans—then a new political landscape will emerge.
Larry Wines: The outcome of Sunday’s referendum by the people of Greece could create an earthquake. It could be the first time that ordinary people say “Oxi,” and “No,” and “Non,” and “Nyet” to the banksters and the 1%ers.
Ellen Brown: The ECB will not accept Greek bonds as collateral for the central bank liquidity all banks need, until the new Syriza government accepts the very stringent austerity program imposed by the troika (the EU Commission, ECB and IMF).
William Blum: Greece may have no choice, eventually, but to default on its debts and leave the Eurozone. The hunger and unemployment of the Greek people may leave them no alternative.
Albena Azmanova: Getting rid of the neoliberal politics of austerity in which ‘austerity’ is a polite term for eliminating people’s livelihoods, is the step in the right direction — away from the abyss.
Robert Reich: Everyone would benefit from higher taxes on the wealthy to finance public investments in roads, bridges, public transit, better schools, affordable higher education, and healthcare but higher unemployment helps to boost corporate profits.
Brent Budowsky: Ryan famously tried to employ Catholic theology on behalf of his budget austerity against the poor, and was quickly forced to retreat as the absurdity of this view became obvious.
Richard Eskow: Simpson and Bowles, those two hired pitchmen for budget-cutting hysteria, are still hawking an economy-killing product called “austerity economics,” a product that’s designed to benefit their wealthy patrons at everybody else’s expense.
Richard Eskow: The president and his fellow Democrats have agreed to a series of reckless budget-cutting measures instead of fighting for jobs and protecting the social contract, which has deepened and lengthened the lingering recession.