The original observation corrected an illusion stated by Varoufakis about Greece and Europe. Instead of a refutation, LP gives us another of his endless ad hominem branding phrases for the purpose of diversion and evasion.

---

Varoufakis in an article in The Guardian: "Exit from the eurozone would soon lead to a fragmentation of European capitalism, yielding a seriously recessionary surplus region east of the Rhine and north of the Alps, while the rest of Europe would be in the grip of vicious stagflation. Who do you think would benefit from this development? A progressive left, that will rise Phoenix-like from the ashes of Europe's public institutions? Or the Golden Dawn Nazis, the assorted neofascists, the xenophobes and the spivs?"

The acceptance of "austerity" by a Left government that has been voted to power precisely to resist it can only have one consequence, namely to get the very same "Golden Dawn Nazis, the assorted neofascists, the xenophobes and the spivs" to power, on the ashes of the people's illusions about the Left.

--From Prabhat Patnaik, "Europe's Moment of Truth" at
http://mrzine.monthlyreview.org/2015/patnaik020815.html

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