Greek Syriza members were ready to jail the bankers until P.M. Tsipris surrendered to the E.U.

In the Republican Party, not everyone follows blindly to the will and policies of the Neo-Con leadership.  All one has to do is look at the Tea Party, Ron Paul, and now, Presidential candidate Donald Trump to see that agendas within American politics are not always cut and dry.  And the same is true for political parties in other countries as even Greece’s ruling party Syriza has their own dissension occurring over accepting continued austerity for more money, or rejecting the Troika and seeking a fresh start outside the Euro and the European Union.

And in an interesting report came out on July 24, members within Syriza were ready to get violent and pull their own version of the ‘Iceland option’ by storming the Greek mint, and jailing their nation’s central bankers.

Arresting the central bank’s governor. Emptying its vaults. Appealing to Moscow for help.

These were the elements of a covert plan to return Greece to the drachma hatched by members of the Left Platform faction of Greece’s governing Syriza party.

They were discussed at a July 14 meeting at the Oscar Hotel in a shabby downtown district of Athens following an EU summit that saw Greece cave to its creditors, leaving many in the party feeling despondent and desperate.

The plans have come to light through interviews with participants in the meeting as well as senior Greek officials and sympathetic journalists who were waiting outside the gathering and briefed on the talks.

“Obviously it was a moment of high tension,” a Syriza activist said, describing the atmosphere as the meeting opened. “But you were also aware of a real revolutionary spirit in the room.” – Financial Times

These revelations are why so many Greek’s and financial analysts were surprised when Prime Minister Alexis Tsipris capitulated to the Troika immediately after a public referendum occurred where 61% of the voters supported a default of the debt, and a willingness to ditch the Euro to go back to the Drachma.


In the end, the political power of the European Union was too great for Tsipris, and he caved in to accept even greater concessions than those that were required before just to in-debt his country even more with obligations Greece will never be able to pay off.  And since nearly all the money will be going to the banks that created the debt in the first place, the lessons of Iceland, and their taking back their country from the banking cartel, have proven too risky for most of Southern Europe, who has allowed themselves to be enslaved to the banks for another generation.

Kenneth Schortgen Jr is a writer for,, and To the Death Media, and hosts the popular web blog, The Daily Economist. Ken can also be heard Wednesday afternoons giving an weekly economic report on the Angel Clark radio show.