On Tue, Jan 6, 2015 at 11:05 AM, Marv Gandall <[email protected]> wrote:
> Financial Times columnist Wolfgang Münchau sees a contradiction at the > heart of Syriza’s program - a determination to negotiate an orderly default > on Greece’s unsustainable debt while remaining in the eurozone. [...] > “While Syriza is right about debt restructuring, it is also disingenuous > by ruling out a eurozone exit”, he says. "If you advocate debt > restructuring, you would need to answer the question of what you would do > if the negotiations fail." > Munchau is full of shit. It is true that Syriza would need to "answer the question of what you would do if the negotiations fail". But they would only need to answer it for themselves. Why does Munchau think they would or should publicly disclose their negotiating strategy? There is no contradiction here. It is a gamble - maybe even a bluff - on Syriza's part that the EU can be forced into supporting an orderly debt default without submitting to austerity policies.The EU is not going to like that, but why assume that it will be Syriza rather than the EU who will be forced to capitulate? -raghu.
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