Varoufakis: Can Greece's SYRIZA Change Europe's Economy?

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Jacob Richter
Varoufakis: Can Greece's SYRIZA Change Europe's Economy?

SYRIZA believes, I think correctly, that the only way of getting the European Union to treat Greece reasonably and raise the punitive austerity measures is to spearhead an immediate re-think of the ‘Greek Program’ through, first, the unilateral suspension of policies demanded by the troika, and, second, via the use, or threat of using, its veto power in the European Council.

While a SYRIZA government might successfully negotiate these financial pressures during its first weeks in power, it certainly will not be able to fund the programs it has been promising at the same time. How can it, at that point, not disappoint its activists, confirming their fears that SYRIZA will sell out, above and beyond the pale compromises?  The only way forward for a SYRIZA government is to succeed in changing Europe’s economy. This is a tall order, but, I think, not impossible. Indeed, there is no alternative for SYRIZA or, indeed, for any other political party in Europe’s periphery that aspires to a stable social economy.


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