Greece Puts Off Day of Reckoning Another 24 Hours

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Greece submitted its proposal to the Troika today to extend its bailout program for three years. It was one page long. Here’s an excerpt:

As you might expect, this is going over like a lead balloon. The Inspector Javerts of the eurozone will not be put off with vague promises of reform. Until they see details, and see them in a way that Greece can’t wriggle out of, they will just sit stony-faced and wait. The response of Guy Verhofstadt, leader of the European Parliament’s liberal party, was typical: “You are talking about reforms but we never see concrete proposals of reforms,” he said, in a speech that was greeted with loud applause. The previous night, Angela Merkel told reporters without emotion that “the conditions for starting negotiations on a program in the framework of the E.S.M. continue not to exist.”

So now Thursday is the day of reckoning. The only good news for Greece, I suppose, is that Treasury Secretary Jacob Lew kinda sorta spoke up in favor of the Greeks, insisting that Greece’s debt was unsustainable and needed to be restructured as part of any deal. It remains to be seen whether anyone in Europe cares about Lew’s opinions.

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SIX TRUTHS

Reclaiming power from those who abuse it often starts with telling the truth. And in "This Is How Authoritarians Get Defeated," MoJo's Monika Bauerlein unpacks six truths to remember during the homestretch of an election where democracy, truth, and decency are on the line.

Truth #1: The chaos is the point.

Truth #2: Team Reality is bigger than it seems.

Truth #3: Facebook owns this.

Truth #4: When we go to work, we're in the fight.

Truth #5: It's about minority rule.

Truth #6: The only thing that can save us is…us.

Please take a moment to see how all these truths add up, because what happens in the weeks and months ahead will reverberate for at least a generation and we better be prepared.

And if you think journalism like Mother Jones'—that calls it like it is, that will never acquiesce to power, that looks where others don't—can help guide us through this historic, high-stakes moment, and you're able to right now, please help us reach our $350,000 goal by October 31 with a donation today. It's all hands on deck for democracy.

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