Hinrich,
Yours is a completely appropriate question of me. The answer is that I
don't know yet. My basic view is that this is war (a financial one).
In a war, retreats are possible. Still, I cannot see that the Troika is
going to relax the constraints on Greece enough (if at all) for there to
be "anti-austerity" in deed, not simply in words. In other words, the
Troika would let Greece out of the Euro before it would relax Greece
enough to have genuine anti-austerity.
The past few weeks seems to have been a testing of the waters on both sides.
If Varoufakis and Galbraith think Greece can have anti-austerity in
deed, within the Euro, I think they are naive. If I am correct, it is
only a matter of time before we will have confirmation. On the other
hand, Greece MAY BE playing for time and could be prepared to go back to
voters with the evidence and, say, "troika has shown its true colors, do
you want us to leave the Euro with its immediate increased hardships or
forget anti-austerity?".
Paul Zarembka
Paul,
I've noticed that you disagree with (parts of) Galbraith's view on recent
matters in Greece, but I still do not understand whether you fear a Grexident or
whether you support a pro-Grexit policy.
Hinrich
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/*Sraffa and Althusser Reconsidered; Neoliberalism Advancing*/ (2014)
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/*Revitalizing Marxist Theory for Today's Capitalism*/ (2011), with R.Desai
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