Greek Prime Minister Alexis Tsipras seems to have forgotten the Marxist tradition’s emphasis on the unity of theory and practice. If you want to negotiate a change of tack with your creditors, you are unlikely to succeed if you destroy your own credibility and rant and rave about those whose money you need to avoid default.
BERLIN – One can only feel sorry for Greece. For more than five years, the “troika” (the European Commission, the European Central Bank, and the International Monetary Fund) has made it the object of a failed experiment with austerity that has exacerbated the country’s economic crisis. And now Prime Minister Alexis Tsipras’s government seems hell-bent on plunging Greece into the abyss.
BERLIN – One can only feel sorry for Greece. For more than five years, the “troika” (the European Commission, the European Central Bank, and the International Monetary Fund) has made it the object of a failed experiment with austerity that has exacerbated the country’s economic crisis. And now Prime Minister Alexis Tsipras’s government seems hell-bent on plunging Greece into the abyss.