By Jérôme E. Roos, ROAR
Amidst mass protests and an historic 48-hour strike, one ‘no’ vote by a Greek MP could tip Greece into bankruptcy and the world into global financial meltdown.
The eyes of the world are on Greece. Or, to be more specific, on Syntagma Square, where 300 MPs prepare for a crucial vote on the EU-IMF imposed austerity package — and where hundreds of thousands of Greeks will converge to stop the vote from being passed in the country’s first 48-hour strike since the fall of the dictatorship.
There is an uneasy tension in the air in Athens. Just yesterday, Communist protesters stormed the Acropolis and unfurled a giant banner calling for a massive organized counterattack. Today, over 5,000 policemen have mobilized in central Athens to prepare for an epic stand-off with hundreds of thousands of striking workers and indignants.
What is going on in Athens right now is truly historic. Indeed, superlatives aside, it is nearly impossible to describe the gravity of the situation at hand. What happens in the next 48 hours in Athens will determine the fate of the entire eurozone, the EU and — indeed — the world economy as a whole. This is the very climax of the eurocrisis.