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Ixnay!

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Financial Chaos Looms After Greeks Reject Bailout With Resounding 'Oxi' Vote

"No" supporters celebrate with a Greek flag outside Parliament in Athens after Greek voters reject EU bailout in Sunday's referendum: photo by Petros Giannakouros/AP via Vice News, 5 July 2015
Athens

O shining and wreathed in violets, city of singing,
stanchion of Hellas, glorious Athens,
citadel full of divinity.

Pindar (518?-after 446 BC): Dithyramb 76, translated by Richard Lattimore in Greek Lyrics (second edition), 1960
 

A supporter of the “no” vote expresses her enthusiasm. Meanwhile, Germany’s economy minister said Greeks have “torn down the last bridges” to compromise. Photo: Petros Giannakouris /Associated Press / AP

A supporter of the “no” vote expresses her enthusiasm. Meanwhile, Germany’s economy minister said Greeks have “torn down the last bridges” to compromise: photo by Petros Giannakouris /Associated Press, 5 July 2015 


ταὶλιπαραὶκαὶἰοστέφανοικαὶἀοίδιμοι,
Ἑλλάδοςἔρεισμα, κλειναὶἈθᾶναι, δαιμόνιονπτολίεθρον.


Pindar: Dithyramb 76, text from The Odes of Pindar, including the principal fragments, ed. T.E. Page & W.H.P. Rouse, 1916


Greek referendum vote

Greeks celebrate in front of Greece's parliament building as early polls forecast a win for the "oxi," or "no," campaign in the Greek austerity referendum: photo by Christopher Furlong via Los Angeles Times, 5 July 2015

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 Scenes of joy as Greece's 'No' voters celebrate victory #Greferendum: photo by Sakis Mitrolidis/AFP  via Agence France-Presse @AFP, 5 July 2015


Greeks said NO at the referendum: photo by Aris Messinis/AFP via AFP Photo Department, 5 July 2015 
 

Greeks said NO at the referendum: photo by Aris Messinis/AFP via AFP Photo Department, 5 July 2015 
 

Greeks said NO at the referendum: photo by Aris Messinis/AFP via AFP Photo Department, 5 July 2015

Minister No More!

Yanis Varoufakis: The referendum of 5th July will stay in history as a unique moment when a small European nation rose up against debt-bondage

Like all struggles for democratic rights, so too this historic rejection of the Eurogroup’s 25th June ultimatum comes with a large price tag attached. It is, therefore, essential that the great capital bestowed upon our government by the splendid NO vote be invested immediately into a YES to a proper resolution -– to an agreement that involves debt restructuring, less austerity, redistribution in favour of the needy, and real reforms.

Soon after the announcement of the referendum results, I was made aware of a certain preference by some Eurogroup participants, and assorted ‘partners’, for my… ‘absence’ from its meetings; an idea that the Prime Minister judged to be potentially helpful to him in reaching an agreement. For this reason I am leaving the Ministry of Finance today.

I consider it my duty to help Alexis Tsipras exploit, as he sees fit, the capital that the Greek people granted us through yesterday’s referendum.

And I shall wear the creditors’ loathing with pride.

We of the Left know how to act collectively with no care for the privileges of office. I shall support fully Prime Minister Tsipras, the new Minister of Finance, and our government.

The superhuman effort to honour the brave people of Greece, and the famous OXI (NO) that they granted to democrats the world over, is just beginning.

Yanis Varoufakis: Minister No More! from Yanis Varoufakis: Thoughts for the post-2008 world, posted 6 July 2015


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After 'No' vote, Greek finance minister #Yanis Varoufakis quits #GreeceCrisis: image via Hindustan Times @htTweets, 6 July 2015

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#Grexit I shall fully support PM #Tsipras, the new #FM & our Govt: #Yanis Varoufakis: image via ET Industry News @ET Industry News, 6 July 2015

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#Varoufakis writes on twitter 'Minister no more': image via RT @RT_com, 6 July 2015
 
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#Varoufakis resigns as Greek voters reject creditors' bailout terms: image via RT @RT_com, 6 July 2015


Greeks said NO at the referendum: photo by Aris Messinis/AFP via AFP Photo Department, 5 July 2015 

Afterlife in Elysium

For them the sun shines at full strength -- while we here walk in night.
The plains around their city are red with roses
and shaded by incense trees heavy with golden fruit.
And some enjoy horses and wrestling, or table games and the lyre,
and near them blossoms a flower of perfect joy.
Perfumes always hover above the land
from the frankincense strewn in deep-shining fire of the gods' altars.

And across from them the sluggish rivers of black night
vomit forth a boundless gloom.

Pindar: Dirges 129 and 130, translated by Willis Barnstone in Greek Lyric Poetry, 1962




Crossing the River Styx: Joachim Patenier, 1515-24, oil on panel, 64 x 103 cm (Museo del Prado, Madrid)

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