The promise of a peaceful integration of capitalist equals lies tattered on the floor of a negotiation room in Brussels. There, the SYRIZA-led Greek government finally succumbed to the blackmail, economic carpet-bombing and “mental water-boarding” of the institutions of European capitalism.
The final weeks of the debt negotiations culminating in a cynical political coup against Greece have laid bare the undemocratic, technocratic nature of the European Union (EU), which operates as a thieves’ kitchen to protect vested financial interests at an incalculable human cost.
For many, the brutal humiliation of the Greek government and people heralds the end of the dream that the EU could be softly nudged towards a benevolent economic and political union. For others on both the political far left and far right, it provides further justification for a perspective of exiting the EU to return social and political issues to a primarily national level.
German philosopher Jürgen Habermas, an intellectual figurehead of European integration, told The Guardian on 17 July that the outcome of the negotiations means that the “European Council is effectively declaring itself politically bankrupt”.
Nobel-prize winning economist Paul Krugman, described the terms of the deal as “madness”, and argued that “[w]hat we’ve learned these past couple of weeks is that being a member of the Eurozone means that the creditors can destroy your economy if you step out of line.”
“This goes beyond harsh into pure vindictiveness, complete destruction of national sovereignty, and no hope of relief … it’s a grotesque betrayal of everything the European project was supposed to stand for,” he said.
