Greek voters have decisively rejected the terms of an international bailout. Sunday’s referendum was a slap in the face for the bankers and capitalists of the Eurozone. The “OXI” victory marks another turning point in the development of the European revolution.

The Greek crisis is approaching a denouement. This marks a turning point for the working class of Greece and the whole of Europe. In advance of tomorrow’s referendum, we publish here a statement by the International Marxist Tendency on the latest developments between the Troika, on the one side, and the SYRIZA-led government and the Greek masses on the other.

As the referendum in Greece approaches, political polarisation is reaching unprecedented levels. The sham of bourgeois democracy has been revealed, as the Troika demand Tsipras’ removal. The conclusion is unavoidable: there is no way to end austerity within the limits of capitalism.