On 7/16/15 8:20 AM, Marv Gandall via Marxism wrote: > Is the suggestion here that all of the peoples in the eurozone are > trapped in it because the technical problems of converting to a > sovereign currency are intractable, or is there something special > about the technological structure of Greek capitalism?
Absolutely not. But all this talk about Tsipras should have come up with a "plan B" while he was in these intense negotiations with the eurozone bigs is nuts. As I have repeatedly tried to explain, converting to a new currency requires a full project life-cycle implementation just as it did moving from a drachma to the euro. I have been involved with 5 such massive projects during my career so I can guarantee you that it would take Greece or any other euro-based nations a full 3 years to effect a change. As Doug pointed out, such a declared intention would have consequences of capital drain. In any case, the challenge is more political than technical at this point. We have a left developing in Greece today out of the disaffected Syriza members, Antarsya and the KKE (not that these people are capable of working in a united front). As I urged a FB friend yesterday, the focus should be on what's next and not on what just happened. _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
