That is why I compared the Greek situation to a kidnapping in which the troika was targeting with a "your money or your life" attitude.
Nonetheless, a Grexit would have posed a threat to the EU, although admittedly not nearly as severe as the cost to Greece from surrendering or from going on its own. My own guess is that one of the biggest mistakes that the Greek government made was to marginalize Yanis Varoufakis, who seemed like an excellent negotiator. Michael Perelman Economics Department California State University Chico, CA 95929 Tel. 530-898-5321 E-Mail [email protected] michaelperelman.wordpress.com -----Original Message----- From: [email protected] [mailto:[email protected]] On Behalf Of Doug Henwood Sent: Tuesday, July 21, 2015 10:40 AM To: Progressive Economists Network Subject: Re: [Pen-l] Wolfgang Schäuble, the Hero of the Greek Austerity Crisis? > On Jul 21, 2015, at 1:14 PM, nathan tankus <[email protected]> > wrote: > > I don't think a plan B was against their electoral mandate. if it's really > true that they had an explicit electoral mandate not to have a plan B than > they needed to be much more supplicant in negotiations and fight for scraps > much more. The kind of grandstanding they did only works if you have a plan B > and can credibly threaten to implement it. As you yourself have said, any serious plan B would require very long preparation time, politically and technically. What could they have done in 5 months, with powerful creditors not giving a centimeter? _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
