As the Greek bailout ends and the repayment deadline is passed, bank and capital controls are now in action in Greece. Tsipras has called for people to vote NO – “OXI” – to the Troika’s proposals, as the creditors refuse to move. Tens of thousands have turned out in Athens to reject the proposals. The scene is set for an almighty confrontation between Capital and the Greek masses.

Events in Greece are moving at a lightning pace. On Saturday, Greek PM Tsipras announced that he will put the the latest ultimatum from the troika to a referendum. The troika responded by stating there will be no extension of Tuesday’s repayment deadline. Now the banks in Greece will be closed for a week. Greece’s future now rests on a knife-edge.

The latest provocative demands and ultimatums placed by the troika on the Greek government have one clear aim: to destroy it. They cannot be interpreted in any other way and all the pieces of the puzzle are now falling together. The only alternative to austerity is for Syriza to break with capitalism.