'The fate of this small nation is being decided solely according to the predatory interests of the global financiers and their political representatives at the head of national governments as well as the “troika”—the European Union (EU), European Central Bank (ECB) and International Monetary Fund (IMF).

For Greek workers, the impact has been catastrophic. They have already suffered the greatest decline in living standards since the Nazi occupation. Unemployment has doubled to 22 percent and 50.8 percent among young people, while millions more are relegated to precarious and part-time work.

Mass unemployment and poverty are set to worsen. The social counterrevolution in Greece is, moreover, setting a benchmark for all of Europe as the economic crisis spins out of control and the world is plunged into a recession deeper than that triggered by the crash of 2008.'

Read more: Greece and the Global Crisis of Capitalism