Solidarity protest with Greek people demanding an alternative to austerit

6pm Radcliffe Square, Oxford.   Thursday 2nd July

The strength of the mood for a fight back against continuing austerity was reflected in the 250,000 strong demonstration in London on  20th June.  There will be protests in towns and cities across the UK against Osborne's budget to slash another £13 billion of welfare spending.  Demonstrate in Oxford - 8th July  - assemble 6 pm Carfax Tower 7th July facebook event

The European Union (EU), the European Central Bank (ECB) and the International Monetary Fund (IMF) are demanding brutal austerity in exchange for extending Greece’s bailout programme, which expired on Tuesday of this week.

The programme amounts to lending the Greek government money for it to give back straight away as debt repayments.

After previous governments agreed to do the institutions’ dirty work, people elected Tsipras’ left wing Syriza party in January to break the cycle.

But it has made compromise after compromise. Last week Syriza agreed to deep cuts, privatisations and tax hikes worth £5.7 billion a year.

Finance minister Yanis Varoufakis described it as “austerian”—but the institutions demanded more.  

IMF boss Christine Lagarde called for benefit cuts that would slash 60 percent off the poorest pensioners’ incomes. This would be particularly devastating as unemployment left whole families reliant on pensioners’ incomes.

Under pressure the Syriza government has called a referendum pitting the people against the banks and the poltiics of austerity.  A rejection by the Greek people opens the door to a rejection of austerity across the whole of Europe.  The austerity institutions and politicians will pile on the pressure to make sure this does not happen.  The Greek people need to see they have our support in demanding a system that doesn't require the destruction of jobs, wages, pensions and public services.