• Guardian: Greece clings to eurozone hope as Alexis Tsipras battles banking collapse
• New Daily: News from Greece and China means Australian shares are in for a rough day.
• Greek Reporter: Varoufakis Exit Stage Left. Lew Enter Stage Right This year’s 4th of July holiday coincided with Greece’s referendum. As an American by birth and Greek by blood, I honor America’s victory over taxation without representation and Greece’s OXI victory – the first decisive challenge to neoliberal economics since European integration. The United States shares a unique history and special debt to Europe. The imperial powers of the 18th century took clear sides in the American Revolution. The Anglo-Franco rivalry dating back to the Roman Empire was intensified by the humiliating French defeat in the Seven Years War (1756-1763). France’s colonial interests in Louisiana and the Caribbean cemented its role as the first foreign power to support the fledging American nation. Without the French navy, General Lord Cornwallis would not have surrendered at Yorktown, thus ending the war of independence. Spain fought for the colonialists for much the same reasons. While Germany did not become a united nation until 1871, German Hessians, known for their commanding military skill, fought on the side of the British as hired mercenaries. The revolutionary war would not have been won without European assistance. It is time for the United States to once again return the favor. The International Monetary Fund is a tool of U.S. global financial power. Shortly after meetings with President Obama and Treasury Secretary Jack Lew in Washington last Thursday, the IMF announced that it knew Greek debt was unsustainable. The well-calculated, well-funded, and well-developed message machine that has allowed neoliberalism to flourish while eviscerating the Greek economy and people has exposed the fault lines of European coexistence and hopes of maintaining a united Europe of equals.
• Billy Blog: Greece should not accept any further austerity – full stop!
