The Greek Elections and the Change of Political Cycle in Europe

The change of cycle in Greece, and in Europe, has already begun. Des­pite Syriza’s nar­row defeat last Sunday, the fact that a sup­posedly minor party could, in less than a year, man­age to obtain nearly 30% of the votes, double that of the social demo­cratic party in power, PASOK, tells us some­thing about the strength of the social mobil­isa­tion that has car­ried this coali­tion for­ward. Des­pite the ver­ti­gin­ous speed with which novel and import­ant pos­i­tions such as those of Syr­iza have spread, they still need a cer­tain amount of time before they become those of the major­ity in Greece. In fact, as is the case with 15M, some of the mat­ters, the more stra­tegic ones, placed on the table by Syr­iza call for ways of prac­tising polit­ics and inter­pret­at­ive schemas that will be unavoid­able for any kind of con­test­a­tion that might be artic­u­lated in Europe in the com­ing years. This is the key revealed in the Greek elec­tions: the pro­pos­als from Syr­iza for exit­ing the crisis, espe­cially those that refer to the need for a con­front­a­tion with the fin­an­cial sec­tor and its European polit­ical del­eg­ates, in con­son­ance with the slo­gan “we do not owe, we will not pay” from the indig­na­dos of Syn­tagma Square, will be the basis for a new com­mon sense, in oppos­i­tion to the com­plete sub­mis­sion to the diktats of fin­an­cial act­ors on the part of the dif­fer­ent European ver­sions of bipartisanism.

The vic­tory of New Demo­cracy and this party’s accept­ance, along­side PASOK, of the bru­tal bail­out con­di­tions, is the real­isa­tion of its defeat in the short/​médium term. The con­di­tions for tough­en­ing privat­isa­tions, cut­backs and tax rises –not for the richest– imposed by the Troika (ECB, EU, IMF) simply can­not be man­aged from the national level and will con­tinue to gen­er­ate lines of con­flict that place the insti­tu­tions of the EU largely con­trolled by Merkel, on the one side, in con­front­a­tion with the Greek pop­u­la­tion on the other. For a long time we have been used to hear­ing that the monu­mental mobil­isa­tions in Greece had served no pur­pose. This was true to an extent pre­cisely because they were enclosed within the nar­row space of Greek national sov­er­eignty and they had not reached the point where they addressed the interests of the powers that oper­ate above this nar­row sov­er­eignty. Now we can say that con­front­a­tion at a European level has been opened up in Greece, and once opened there, it is also poten­tially opened in the whole con­tent. It is easy to observe the symp­toms of this new polit­ical phase. First, the European Union has had to inter­vene dir­ectly in the elect­oral cam­paign of a mem­ber state, caus­ing its appear­ance of tech­nical neut­ral­ity to dis­ap­pear. Second, the elect­oral debate centred on the con­di­tions imposed on Greece by the EU: even New Demo­cracy prom­ised that it would try to rene­go­ti­ate the aus­ter­ity Memor­andum that they them­selves signed. And lastly, in a large part of Europe, Syriza’s gamble has been per­ceived as the open­ing up of the type of con­flict that can truly change the situ­ation of the 99% of the pop­u­la­tion: the first step towards ques­tion­ing bor­ders as lines of con­tain­ment for social costs and polit­ical con­flicts in the EU.

Within the EU, national bor­ders have served to turn the hole in the bal­ance sheets of European banks into a debt crisis of mem­ber states. The mech­an­ism has been as fol­lows: the banks have needed pub­lic fund­ing, which has driven up the debt levels of mem­ber states, which in turn have found it pro­gress­ively dif­fi­cult to fund them­selves through the mar­kets and as as an end res­ult have had to apply for an EU bail­out to obtain fund­ing. This entire mech­an­ism has been, and remains, the way cap­ital gets injec­ted into European banks: dir­ectly via assist­ance from coun­tries to banks; through money received from the ECB at 1% which is then loaned by the banks to coun­tries at a higher interest rate (between 4% and 7%); via bail­outs such as the €100bn to Spain, which will be destined for the cajas whilst State is burdened with the repay­ment guar­an­tee and the debt. Risk premi­ums, debt and bail­outs are all part of the same mech­an­ism of the loot­ing of the 99% to the bene­fit of the 1%.

The prob­lem of the EU is noth­ing other than the lack of demo­cracy. The sov­er­eignty of each coun­try in sep­ar­a­tion is near inex­ist­ent, and those who run the EU have man­aged to ensure that the crisis has been main­tained as national prob­lems of Greece, Por­tugal, Ire­land, Italy or Spain that the EU can ‘help’ to resolve, always provided that the con­di­tions linked to adjust­ment and aus­ter­ity are abided by. Let us remem­ber that thanks to the con­tain­ment of the crisis within the peri­pheral coun­tries, Ger­many is man­aging to fund itself very cheaply and its firms are tak­ing advant­age of privat­isa­tions in order to acquire import­ant assets such as the Greek tele­coms com­pany or Athens air­port. It is also worth point­ing out that none of the coun­tries bailed out has improved its situ­ation, des­pite hav­ing car­ried out the sac­ri­fices required: the risk premi­ums have not come down and the national debts con­tinue to grow.

One only has to look at the relieved reac­tions of all the European chiefs to the pyrrhic vic­tory of their col­leagues and the bru­tal cam­paign of fear launched by the EU to know that Syr­iza has touched a cent­ral nerve by present­ing the crisis as a polit­ical prob­lem that is resolv­able via a demo­cratic restruc­tur­ing of the continent’s polit­ics and not as just one more eco­nomic inev­it­ab­il­ity to which one can only con­sent and be resigned. It falls to all of us Europeans to draw con­clu­sions from this, but espe­cially Span­ish and Itali­ans, who now find ourselves in the centre of the same model for gen­er­at­ing profits for a few at the cost of the major­ity which, a year ago, ended up for­cing bank­ruptcy on the Greek State and the impos­i­tion of that bru­tal mech­an­ism of polit­ical dom­in­a­tion and loot­ing known as the bail­out. In Spain we are not going to have a single big bail­out; rather it will be car­ried out in stages, with suc­cess­ive off­set­ting, cut­backs and privat­isa­tions, each time on a greater scale. But this, even though there is still no party even remotely sim­ilar to Syr­iza, should not hide the sim­il­ar­it­ies with the polit­ical situ­ation in Greece.

It is no coin­cid­ence that all the Span­ish media, with few excep­tions, either hid or lied about Syriza’s cent­ral pro­posal: non-​payment within the Euro. It is import­ant to point out that once an audit were con­duc­ted, one could detect which debt is ille­git­im­ate –acquired fraud­u­lently, in the bene­fit of private interests or to the harm of the major­ity –so that it did not have to be paid. This is such a power­ful pos­i­tion because it demon­strates that European neo­lib­eral policies are not some­thing inev­it­able. In fact, with the Greek elec­tions, the alarms went off in the EU: the con­flict might cross bor­ders and become a European prob­lem, which is exactly what it is. The Rajoy gov­ern­ment is an inter­me­di­ary as was that of Zapa­tero. Bail­outs and the accom­pa­ny­ing rise in debt are already here. It is time to make the leap onto the European scale of the crisis, and also, there­fore, of the con­flict. We can take note of what has happened: the stra­tegic points are already for­mu­lated and it is our turn, here too, to take advant­age of the breach that has been opened in Greece and join forces, through a demo­cratic audit, to bring about a declar­a­tion of the non-​payment of ille­git­im­ate debt that puts an end to the impos­i­tion of the interests of the 1% onto the rest of us. How can that be done? This is what we have to think about among the many brains con­nec­ted through net­works and the squares.

Ori­gin­ally pub­lished in Mad­ri­lo­nia with trans­la­tion by Richard McAleavey Cun­ning Hired Knaves

Leave a Reply