On 2015/07/21 07:39 PM, Doug Henwood wrote:
... What could they have done in 5 months, with powerful creditors
> not giving a centimeter?
Maybe:
* Rigid exchange controls in part to halt illicit financial flows and
transfer pricing (those were done very quickly with bank cooperation in
a moment of desperation earlier this month);
* Limitations on withdrawal of cash and international wire transfers
(ditto);
* Emergency resort to e-printing of euros as was apparently allowed
up to a point;
* Import-export controls to save forex and track transfer pricing;
* Taxation rate hikes and collection improvements against the rich so
that this week's 10% VAT increase would have been unnecessary;
* Rethinking and retraction of unnecessary pro-corporate subsidies,
and more forceful questioning of the legality of the inherited debt;
* Plan B Grexit contingency planning (even Shauble said a temporary
time-out was feasible - so what does he know about the logistics that we
and Varoufakis don't?)
Those are a few from a Greece-lurker admittedly far away and no doubt
insiders have much more insight into what was possible, what was tried,
what failed, what Syriza simply didn't have time to investigate;
anything objectionable here?
Patrick
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