On Jul 16, 2015, at 5:23 PM, Louis Proyect <[email protected]> wrote: > On 7/16/15 3:19 PM, Marv Gandall wrote: >> Louis has made much of the time factor in introducing and >> distributing a new currency. I’m not clear as to what precisely he’s >> referring to when he asserts there are years of complicated computer >> programming required to implement the change. > > I recommend that you look at the comments thread under my article at > Naked Capitalism for anything posted by me, Yves Smith, Nathan Tankus > and someone named Clive.
Grexit is for tomorrow. It will very likely be forced on the Greeks, no matter what you, Nathan, Yves, and Clive think about it. So the debate about its effects is largely academic at this point. We’ll have the opportunity to test how technically difficult it will be to partially or wholly reintroduce the drachma in real life when the the time comes. The immediate issue facing Syriza was whether to accept or reject the new round of cuts, regressive tax increases, deregulation, and privatization demanded by its creditors. Were I in the Greek parliament last night, I would without hesitation have stood with Konstantopoulou, Lafazanis, Stratoulis, and - to his credit - Varoufakis, as well as the other three dozen Syriza lawmakers in voting against these additional hardships the government agreed to impose on those it purports to represent. The logic of your position, and that of Panitch, Gindin, and Henwood, would have seen you stand with the majority of Syriza MPs and minority of central committee members who voted - “with deep regret” or otherwise - for the troika’s austerity program, in violation of both the Syriza program and the July 5th referendum result. At the end of the day, this is what this discussion has really been about. _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
