Although the Syriza government capitulated, and gave in, accepting austerity worse than offered before the 62% OXI vote, the strength of a movement with popular leadership standing against austerity momentarily took the worlds breath away, sending the financial market into paroxysms of fear. It was a lovely moment. It will return.
From Solidarity Magazine "Syriza’s decision to refuse the austerity deal offered by the Troika and to call a referendum on the proposals is a major step forward. It is a product of pressure from the left and the workers’ movement to stand firm in saying “no” to austerity. Dock workers have gone on strike against the privatisation of the ports and hospital workers on strike demanding funding to reopen and restore health services. In the last week, tens of thousands have rallied across Greece in support of a “no” vote. A decisive rejection of the deal in Sunday’s referendum is the only way to ensure Greece escapes the burden of austerity and mass unemployment it has suffered since the beginning of the economic crisis in 2009."
Here protesters support Greece.