[Aaus-list] Sachs, Krugman, Varoufakis on the #GreekCrisis & #Grexit
Max Pyziur
pyz at brama.com
Sun Jul 12 17:53:44 EDT 2015
Who is taking what side on #Grexit
https://twitter.com/AmbroseEP/status/619491504139169793
Down and Out in Athens and Brussels by Jeffrey Sachs
http://www.project-syndicate.org/commentary/greek-crisis-economic-governance-failures-by-jeffrey-d-sachs-2015-07
"The fact that the Greek debt overhang was acknowledged only after
negotiations had collapsed exposes the deep systemic failures that have
brought Greece and Europe to this point. We see a European system of
crisis management that is fraught with ineptitude, extreme politicization,
gamesmanship, and unprofessionalism. I certainly do not mean to excuse
Greek clientelism, corruption, and mismanagement as ultimate causes of the
country’s predicament. Yet the failure of the European institutions is
more alarming. Unless the EU can now save Greece, it will not be able to
save itself.
...
We are now truly at the endgame. Greece’s banks have closed, its debt has
been acknowledged as unsustainable, and yet the future of both the banks
and the debt remains uncertain. The decisions taken by Europe in the next
several days will determine Greece’s fate; wittingly or not, they will
determine the EU’s fate as well."
Paul Krugman's Blog: Disaster In Europe
http://krugman.blogs.nytimes.com/2015/07/12/disaster-in-europe/
"...substantive surrender isn’t enough for Germany, which wants regime
change and total humiliation — and there’s a substantial faction that just
wants to push Greece out, and would more or less welcome a failed state as
a caution for the rest."
Krugman adds ...
Killing the European Project
http://krugman.blogs.nytimes.com/2015/07/12/killing-the-european-project/
"Even if all of that is true, this Eurogroup list of demands is madness.
The trending hashtag ThisIsACoup is exactly right. This goes beyond harsh
into pure vindictiveness, complete destruction of national sovereignty,
and no hope of relief. It is, presumably, meant to be an offer Greece
can’t accept; but even so, it’s a grotesque betrayal of everything the
European project was supposed to stand for.
... Who will ever trust Germany’s good intentions after this?
Germany won’t spare Greek pain – it has an interest in breaking us by
Yanis Varoufakis, former Greek finance minister
http://www.theguardian.com/commentisfree/2015/jul/10/germany-greek-pain-debt-relief-grexit
"... Based on months of negotiation, my conviction is that the German
finance minister wants Greece to be pushed out of the single currency to
put the fear of God into the French and have them accept his model of a
disciplinarian eurozone."
The Ukraine-in-the-EU enthusiasts (self-appointed geniuses) should take
note of Sachs', Krugman's, and Varoufakis' comments.
AndIToldYouSo.
MP
pyz at brama.com
More information about the AAUS-list
mailing list