The Greek Communist Party (KKE) is organizing a gathering at Syntagma Square at 7 p.m. on Friday to protest against the deal reached between the Radical Left Coalition (SYRIZA) leadership with the Eurogroup. Friday’s rally would be addressed by the KKE Party Secretary General Dimitris koutsoumbas.

The KKE is criticizing the government of extending the memorandum. “The agreement and reforms list include all the anti-popular policies of the (conservative) New Democracy and (socialist) PASOK parties,” according to KKE. The reforms list “includes all the negative measures for workers that capital and its governments have taken away with the EU treaties of the economic crisis.”

Critics of the new deal state that the list includes strict supervision and a review by the troika’s of Greece’s lenders from the European Commission, European Central Bank and International Monetary Fund that have now been redubbed as the “three institutions”.

The KKE points to the ‘proud’ negotiations as fraudulent advertisement of laws that would not result in relieving the people but in guaranteeing state funding for “profit by capital and to the lenders.”