German Chancellor Angela Merkel “knows she does not want to have a dead body on her hands — not in Europe, not in her Europe,” Josef Joffe told CNN’s Christiane Amanpour on Monday.Alexrpt:
Is it game theory at its best?
Is this why Alexis Tsipras and Yanis Varoufakis were so relaxed throughout this whole process?
Perhaps the only reason Tsipras is actually working to strike a deal with creditors is because he has been given a cleat mandate by the people…negotiate a better debt deal, but do not leave the Eurozone.
So Tsipras is negotiating to get a debt deal that, at its best, eases five years of austerity, but at its worst does not mean a Grexit…but even at its worst one fact should be emphasised, Greece will remain in the European Union.
Let’s emphasise this again. Even if Greece leaves the Eurozone (the currency union) it will remain in the European Union, and that means access to all the benefits of the EU without the terror of the currency.
Merkel knows this. Hollande knows this, and this is why German newspaper editor of Die Zeit, Josef Joffe, believes the EU will eventually blink…and even if it does not blink, which is possible knowing the poor calibre of leader Merkel is, Tsipras and Varoufakis may actually have the last laugh.
The free market will ensure that whatever Greece lacks, due to its past Euro import-dependant economy, its future “drachma” economy will find ways to substitute and this will snowball into big time growth.Red Pill Times
The eurocrats have lost in any case.
1. Tsipras caves to austerity; Greece becomes a failed state in Europe.
2. The eurocrats cave and this sets an example for other countries to demand similar treatment.
3. Grexit and the eurozone is threatened.
There is no good solution for the eurocrats and the only good solution is to admit that Maastricht has failed.
4 comments:
The Eurocrats may have lost, but the fascists have probably won. As Ian Welsh puts it "The hard-right is salivating over what is being done to Greece. LePen in France, the hard-right in Britain, and so on. They know that rage, anger, and hate is building as people are smashed in the face over and over again by neoliberal politics. They are thrilled by Cameron’s smash-mouth budget in England. They love the way the refugee crisis is being bungled."
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"They know how to use the fear, desperation, and rage. And they will use it. ..... Be afraid. Be very afraid."
Unfortunately, the left is either clueless or has sold out. That leaves the field to the right and they will be happy to occupy it. This is exactly what the EU and EZ were supposed to obviate ever happening again.
"This is exactly what the EU and EZ were supposed to obviate ever happening again."
Yeah right.
"This is exactly what the EU and EZ were supposed to obviate ever happening again."
How many times do they need to see that high unemployment guarantees the gladhanding extremists will have a heyday?
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