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The 'Greek Crisis' and the Austerity Controversy in Europe

AI-generated Abstract

The paper examines the impact of extreme austerity policies in Greece following the 2008 global economic crisis, arguing that these policies represent a class strategy favoring capital over labor. It highlights the social and political consequences of such policies, including the rise of SYRIZA and subsequent attempts to form an anti-austerity government, as well as the failure to maintain a radical reform agenda. The conclusion emphasizes the necessity for the labor movement to regain autonomy and redefine its anti-capitalist objectives to challenge the prevailing economic conditions.