[lbo-talk] Europe’s potential gains from a silent alliance between Paris and Athens

Wojtek S wsoko52 at gmail.com
Wed May 9 09:40:56 PDT 2012


http://yanisvaroufakis.eu/2012/05/09/europes-potential-gains-from-a-silent-alliance-between-paris-and-athens/

"This is where a period of Greek un-governability is helpful to the French President. At first, German leaders will huff and puff and issue (as they have been doing) their ultimata against Greece’s political leaders (threatening with expulsion from the Eurozone, from the EE, from planet Earth). Then they will undergo, as they have done during the past two years, a reality check, realising (again) that a Greek exit will destroy the Eurozone once and for all (and with it the EE). At that point, they may be more amenable to see reason; to consent, however grudgingly, to a French Plan that exchanges greater fiscal discipline of the member-states for (a) a centralised system of managing public debt (via the ECB), (b) a pan-European surplus recycling mechanism, or Investment-led Recovery Program, and (c) an end of the pretence that national governments can recapitalise and supervise the banks."

-- Wojtek

"Modern conservatism is just a neoliberal gloss on medieval domination."



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