On Fri, Jul 17, 2015 at 6:10 PM, Gar Lipow <[email protected]> wrote:
> Without leverage, the EU could impose more austerity conditions in return > for a Grexit. Syriza's original proposals made the same wort of sense. The > compromises they offered made even more sense from the EU viewpoint. But > the EU did not take any compromise because they had the power not do. It is > just maximum class warfare. > There is one important difference between Jan and now: back in jan, the EU elites had two strong political reasons to take a tough position against Syriza: (1) Syriza represented radical left-wing forces that the EU elites have a natural distate for, and (2) they needed to make an example out of Greece to keep the other PIGS countries in line. In the event of a Grexit, these powerful political reasons would not exist. So these compromises make much more sense in a Grexit scenario than they did back in Jan. Still you may very well be right: they may very well opt for maximum class warfare. We will find out soon enough. -raghu.
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