“Sticks and stones will break my bones but words will never hurt me” and, while the austerity stick has been smashing bones all over Europe, the continent’s elites really did take the huff when Yanis Varoufakis stated that Greece’s creditors were “terrorists”. That is why, we might be tempted to accept the ex-Finance Minister’s reason for his resignation: “I was made aware of a certain preference by some Eurogroup participants, and assorted ‘partners’, for my… ‘absence’ from its meetings; an idea that the Prime Minister judged to be potentially helpful to him in reaching an agreement. For this reason I am leaving the Ministry of Finance today.” Of course, there are always other conclusions we can come to and Austria’s ‘Der Standard‘ might be closer to the truth with its contention that Tsipras has sacrificed Varoufakis in order to facilitate an agreement. It is when we bear that in mind that the Greek Communist Party’s (KKE) stance on the referendum becomes plausible when it recommended that people should vote “NO to the proposal of the EU-ECB-IMF. NO to the proposal of the government. Disengagement from the EU, with the people holding the reins of power.” No doubt, Tsipras will still be looking for some sort of compromise and one which will protect the weakest in Greek society, however, there is already evidence to suggest that with Europe’s elites no real compromise is possible.
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