Thank you for clarifying, Paul.
 
Talking about the financial war implies certainly a different perspective than
dealing with the humanitarian crisis caused by the social war.
 
Hinrich
 
> 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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