J. W. Mason — What Greece Must Do

The Greek government takes control of the Bank of Greece. It replaces the BoG’s current leadership — holdovers from the old conservative government, appointed at the 11th hour when Syriza was on the brink of power — with qualified people who support the program of Greece’s elected government.

The argument is made that the central bank has abused its mandate, failed in its fundamental duty to maintain the integrity of the banking system, in order to advance a political agenda.

This is the crux of it. It involves abrogating the neoliberal principle of central bank independence. This would be a declaration of war against TPTB. It's high time to have that war between neoliberal capitalism and democracy.