Portside

Following the resignation August 20th of Greek Prime Minister Alex Tsipras and the announcement of snap parliamentary elections, 25 Syriza lawmakers who opposed the recent bailout deal formed a new Popular Unity Party and will challenge Tsipras and Syriza in September elections. Former Syriza Energy Minister Panagiotis Lafazanis will head the new party. With its 25 members, the Popular Unity Party becomes the third largest party in the Greek parliament.

Under adverse conditions and with a difficult balance of forces within Europe and the world, we tried to assert the point of view of a people and the possibility of an alternative path. Ultimately, even if the powerful were able to impose their will, what remains is the absolute confirmation on the international level that austerity is a dead end.

The recently published Roadmap for the Future of the Economic and Monetary Union, signed by five “presidents” — of the European Council, the European Commission, the European Parliament, the European Central Bank and the Eurogroup — it doesn’t contain much that’s strikingly new, but what it does do is systematise and confirm the abolition of national democracy.

European bankers attack on Greece is like the Mitt Romney attack on 47 percent of the people. U.S. voters rejected those policies in 2012. Germany and Europe embrace what voters in our country rejected...The welfare consensus was initially adopted because capitalists were trying to stave off threats of socialist alternatives: providing for the poor, they reasoned, would prevent citizens from sympathizing with Marxists, Communists, and other left-leaning groups.

Reader Comments: #BlackLivesMatter and Bernie Sanders; The Value of Protest; US Cited for Police Violence, Racism; Private Prisons; Euro Agreement and Greece; Urban Renewal and Public Space; Announcement: Rosa Luxemburg Conference - New Takes on a Longtime Classic - New York - August 21 - 22 (Moderator's Note - There will be no Tidbits for the next three weeks)

The Euro Summit statement (or Terms of Greece's Surrender - as it will go down in history) follows, annotated by yours truly. The original text is untouched with my notes confined to square brackets (and in red). Read and weep.

Reader Comments: Response to Occupy; Greece and Debt Forgiveness; Why Bernie Sanders; Confederate Flags, Symbols, and Racism; U.S. Torture Program; Death Penalty; and more... Announcements: Benefit Concert for Civil Rights; Rally for Eric Garner; NAACP Legal Defense and Educational Fund and The Voting Rights Act at 50; Rosenberg Case Bombshell - Key Witness Lied; Robert Meeropol statement

Economic assistance under the Marshall plan was important to both countries, but it was the granting of debt relief that made a difference to the Germans. After World War II, Germany not only received direct transfers of money - aid through the Marshall plan. Far more important than the $1.4bn was the granting of debt relief at the London conference of 1953.

Greek voters refuse to bow to impossible demands from creditors. More than 60% of Greek voters say NO. Alexis Tsipras: "The Greek people made a historic and brave choice. Their response will alter the existing dialogue in Europe."

Detroit's bankruptcy wasn't inevitable. Neither is Chicago's. But the austerity hawks don't want you to know that...When cities and states borrow money by issuing bonds, the lenders are typically high-wealth individuals, who purchase the bonds to get a tax break. It is a perverse system through which, rather than paying their fair share in taxes, the wealthy are instead able to lend that money to us, charge us interest for it, and then claim a further tax break on it.