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Tsipras “now that I have unconditionally surrendered, I promise to lead the fight”.

Posted July 24, 2015 by Ian Welsh

Yeah, ok: As far as my own code of values is concerned, the presence of the Left in the government is not in order to seek high office. It is the stronghold of the interests of our people! A stronghold for the protection of those who have been wronged! A stronghold for the large class […]

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Europe

When Will Greek Looting and Austerity End?

Posted July 15, 2015 by Ian Welsh

Back in 2010 a friend predicted it would end when Greeks stormed parliament and beat or hung members of parliament. It seems that, while that may or may not be literally the case, in general terms it is one of three possible end states. Since there are always enough MPs willing to sign any deal, […]

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Europe

Yet Another Deal

Posted July 13, 2015 by Ian Welsh

So, Tsirpas has agreed on a deal. It includes 50 billion in collateral to be managed by a fund controlled by Juncker. We’ll see if the Greek parliament will pass it. I have yet to see a single indication that Syriza ever made the necessary moves to allow for an orderly Grexit, though the EU has. They […]

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Europe

Greek Talks Continue

Posted July 12, 2015 by Ian Welsh

Basically the Greeks offered the EU everything they had asked for before and then some, but the EU won’t take it, they want their pound of flesh for being embarrassed by the referendum. I get that Syriza and some Greeks don’t want Grexit, and will do virtually anything to avoid it, but I’m hoping (probably vainly) […]

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Europe

What Does Syriza Have a Mandate to Do?

Posted July 10, 2015 by Ian Welsh

Syriza’s mandate, given twice, is as follows: End austerity without leaving the Euro. This mandate cannot be executed. Without leaving the Euro they can cannot reduce their debt sufficiently, nor avoid imposed austerity from their creditors. Does that mean they must accept any deal? If they do, they have violated their mandate as well. They […]

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Europe

Syriza wins in Greece: what it must do

Posted January 25, 2015 by Ian Welsh

(Given the way Greek financial negotiations have played out, I think this first take is timely, and have restored it to the top.  Originally published in January. -Ian) It would have been better if they won last time, Greece is pretty fully looted now.  But Greeks thought they were Europeans, and didn’t realize the contempt […]

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