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#ThisIsACoup: a 'financial coup d’etat' against Greece

Democracy Now!, July 14, 2015 -- Michalis Spourdalakis, professor of political science at Athens University and a founding member of SYRIZA: "The Greek prime minister and the country’s minister of finance were blackmailed by the eurozone people." Read the full transcript HERE.

July 13, 2015 -- Keep Talking Greece, posted at Links International Journal of Socialist Renewal -- Twitter hashtag #ThisIsACoup was trending worldwide on Sunday night, July 12, as European leaders were pushing and kicking around and putting pressure on Greece's Prime Minister Alexis Tsipras to either accept  their deal or exit the euro club in an unprecedented collective action of EU/EURO-blackmail against a member state.

Angry users from all over the world started to lash out at EU officials in general and Germany in particular for imposing their terms to Greece and humiliating a democratically elected prime minister as well as the people of Greece for having voted for a left-wing government.

“By 09:00 GMT on Monday morning the term had been tweeted over 377,000 times and was trending overnight across Europe”, stressed the BBC in an article on the social media phenomenon. #ThisIsACoup had climbed even above #EuroSummit, which was supposed to be ultra-trendy due to its most crucial decision for Greece.

“People were lashing out at what they see as an unfair deal”, said Anne-Marie Tomchak from BBC Trending, “People are really unhappy at the mount of power that the Eurogroup has.”

People were angry to see that the EU was not anymore about the Europe of the people but the Europe of the powerful.

Twitter hashtag-users were particularly critical of Germany’s stance, its hegemonic role in the Eurogroup and compared the current situation to the Nazi occupation of Greece during World War II.

Was what happened a coup? Of course, it was: not a political coup but a financial one that will soon also bear political consequences: SYRIZA’s Left Platform is up in arms with PM Tsipras and SYRIZA’s moderate part. Political developments are due sooner than one would possibly expect despite the fact that Greek government is obliged to pass European leaders' demands through the parliament …"yesterday".

So, yes, it was a coup. A financial coup d’etat.

Coup d’ etat is a coup, or an overthrow, is the sudden and forced seizure of a state, usually instigated by a small group of the existing government establishment to depose the established regime and replace it with a new ruling body. A coup d’état is considered successful when the usurpers establish their dominance. A coup d’état typically uses the extant government’s power to assume political control of a country.

In case of Greece and the financial coup d’etat: after an orchestrated financial asphyxiation via the European Central Bank and an economical blockade of six months, a group of most extremist conservative forces in the EU (so said the Greek PM) decided on July 11 to force seizure of Greece’s public assets. Should the EU's Greek “enemies” not immediately surrender, their banks would have collapsed as of July 13. The #Grexit-threat would get worse as its realisation would take some time.

“What they are trying to do in Greece is launch a financial coup d’etat and convert [Greece] into a protectorate”, said Pablo Echenique, a regional deputy of Spanish anti-austerity party Podemos and a former member of the European Parliament.

Speaking in a television interview, he was the first prominent member of Podemos to react publicly to the deal announced in Brussels, which obliges Greece to make tough cash-saving reforms.

Podemos is a high-profile ally of SYRIZA, sharing its stance of opposing the financial cuts imposed in the financial crisis under pressure from European authorities. Podemos has surged in popularity and ranks as the third-biggest party in Spain ahead of a general election due around the end of the year.

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