Update: Monday, 11:00 A.M., July 13th, 2015. The European Zone governments, the Eurogroup, led by Germany demanded even more concessions and humiliation from Greece such as controlling Greek privatization and the funds generated from it and monitoring and controlling the Greek government’s budget as a price for Greece staying in the Eurozone. It explicitly states there will be no forgiveness of Greek government debt. The Greek Prime Minister, Tsipras, accepted these new conditions which is further blackmail by Germany and Eurogroup. The new plan is even worse than the deal that the Syriza leaders forced through parliament on Friday, July 10th. This even more restrictive austerity plan will now go back to the Greek parliament but Greece has little choice but to “accept” this imperialist deal if it rules out leaving the Eurozone.

What follows is my commentary of July 11th, 2015 after Syriza proposed a restrictive austerity plan with the hope that the Troika would accept it. The Troika led by the German finance minister, Schauble, has now demanded an even greater violation of Greek sovereignty.

Criticism of July 10, 2015 Greek proposal for a bail out!

by Peter Bohmer, July 11, 2015