Ed Miliband is facing revolt from the loony wing of his party this morning, with 16 Labour MPs issuing an entertaining statement demanding a Greek-style leftwards shift in policy direction. Calling for “an alternative to the continuation of austerity and spending cuts”, the ‘Syriza 16’ want to fund new massive state spending projects by either borrowing, taxing the banks or “printing money”. They also tell Miliband to renationalise the railways and “enhance the role of trade unions”. The signatories to the statement read Guido’s first up against the wall list of Labour loons: Diane Abbott, Dave Anderson, Katy Clark, Jeremy Corbyn, John Cryer, Fabian Hamilton, Kelvin Hopkins, Ian Lavery, John McDonnell, Michael Meacher, Ian Mearns, Grahame Morris, Linda Riordan, Steve Rotherham, Jim Sheridan and Chris Williamson.

Fantastic Syriza win: austerity does not work for Greece, for Tory/Lib Dem UK, nor for EU; we all need investment in growth not savage cuts

— Peter Hain (@PeterHain) January 25, 2015

Delighted to see Syriza elected in Greece. Austerity con that's increased poverty & made super-rich even richer has been dealt severe blow

— Chris Williamson (@ChriswMP) January 25, 2015

#Syriza points the way to ending the era of austerity.across Europe. Nobody should underestimate the anger & demand for change here.

— John McDonnell MP (@johnmcdonnellMP) January 25, 2015

Επανάσταση!