FeaturedInternational Labor & Politics

Notes on the Future of Greece

Why has the new Greek government failed to accomplish so much of what it had promised? And where does that leave the Greek labor movement? The government’s and the labor movement’s problems stem from the same fact, which has endured since the February 2012 signing of the second bailout agreement: Greece is no longer a sovereign nation state. It cannot implement any fiscal policy without the troika’s support, backed principally by the German government, and since the terms of Greece’s bailout agreement require austerity, any deviation threatens the financial assistance that enables Greece to avoid defaulting on its debts.

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