“Can ‘people over profits’ become a reality in Greece?”

This is the full transcript of my podcast interview with John Milios; it appeared earlier this week in Jacobin. John is a prominent figure within Syriza; he was the party’s chief economic advisor until earlier this year and is also a member of the party’s central committee, one of the 109 who signed a letter last week opposing the new memorandum.

Here, he discusses Greek Prime Minister Alexis Tsipras’s decision to hold the July 5 referendum, the anti-austerity course not taken by Syriza, and how the slogan “people over profits” can become a concrete reality in Greece.

Michal Rozworski: What is the situation one week after the memorandum was agreed to and two weeks after the referendum?

John Milios: When the referendum was proclaimed, we saw an election campaign that had class and social characteristics. There were two “Greeces” fighting each other. On one side, you had roughly the poor, wage-earners, the unemployed, and the small entrepreneurs, while on the other you had the capitalists, the managerial class, the higher ranks of the state, and so on agitating for Yes.

Ultimately, a broad coalition of the social majority saw the referendum as a chance to express their commitment not to continue with austerity and neoliberalism. All this happened in a situation of fear and terror arising due to the European Central Bank’s choice to not extend Emergency Liquidity Assistance (ELA) to the Greek banks. A lot of people saw this as a scare tactic and started withdrawing money. Ultimately, it led to a bank holiday. (more…)

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Syriza’s John Milios on continuing the fight against austerity

Greece continues to be in flux. Two weeks ago, the Greek people voted over 60% No in a referendum on further austerity. One week ago, the Greek government agreed to a new Memorandum in principle after an all-night negotiation, described at times as “mental water-boarding”. Finally, last Wednesday, the first pieces of enabling legislation were passed by the Greek Parliament with a large rebellion of Syriza MPs voting against the laws.

Since then debate has raged in and outside Greece about the future of the Eurozone, the political strategy chosen by the Syriza leadership and the future of this first government of the left in post-crisis Europe. This interview with John Milios is an important intervention into this debate.

John Milios is a long-time activist and prominent figure within Syriza. Until early this year, he was the party’s chief economic advisor. He is also a member of Syriza’s central committee and was one of the 109 out of 201 members of the central committee who signed a letter published last week opposing the new Memorandum. He is a professor of political economy and the history of economic thought at the National Technical University of Athens.

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