Bravo Varoufakis!

The Greeks move on

Having won the Referendum on rejecting the creditors' terms for continuing financial help, the socialist Prime Minister Alexis Tsipras and his Finance Minister Yanis Varoufakis turn up the heat yet another notch.

Just as their creditors' are clearly trying to demonise self-confessed Marxist Varoufakis for his strident condemnation of their tactics, he resigns out of the blue.

These Greek leaders are not falling for it. With Varoufakis tactically excluding himself from the negotiating team, the capitalists can no longer use him as the damning "fly in the ointment", and the intended mudslinging has been undermined.

I wonder why the BBC took 4 hours to announce his resignation. Didn't they know what to say?

The restructuring of the debts now becomes the key demand of the Greeks, and with some others and the IMF beginning to rethink the situation, they can fight hard to stop further Austerity.

Also, Spain is moving towards a general election later this year, and a party not unlike Syriza (Podemos) is in the running, and growing in strength with every gain made in the Greek battle. 

Clearly the credit-based capitalist union is being severely questioned. Why should the poorest pay for its evident and recurring weaknesses?

The fight-back has begun. 

Bravo Varoufakis!

Victory for the Greek people!