September 20th, a day to vote for Grexit?

See here for my article in The Conversation

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8 thoughts on “September 20th, a day to vote for Grexit?

  1. good article, Iannos.

    By the way, this is a great book, not least really, since you don’t need to be a “technocrat” to be able to read it. 😉 Besides, I appreciate that you do not descend to a more populist level.

    I noticed you differentiate between technocrats and an epistemic community before, now I think I have a slight idea what you may have in mind. But I guess I have to read certain chapters again.

    Liked by 1 person

  2. Great article, Ioannis. It addresses perfectly what’s at stake for Greece’s future.

    Now there’s good news. Copy of post on my blog:
    New debt sustainability rule for Greece (provisional)
    https://erikdesonville.wordpress.com/2015/09/18/new-debt-sustainability-rule-for-greece-provisional/

    (Quote)

    eKathimerini reports:

    > The measures that will be used in the new Greek debt adjustment are now taking shape. Kathimerini understands that the new criterion that will determine the sustainability of Greece’s debt has almost been decided and it will be that the annual spending on servicing the debt should not exceed 15 percent of the country’s gross domestic product.

    > On Thursday European officials told Reuters that eurozone governments appear ready to reduce the cost of Greek debt servicing to 15 percent of the annual Greek GDP in the long term. “It is now widely accepted,” a eurozone official stated, adding that, “There is consensus now that this is the way to go.”

    > This adjustment will only be made if the new government meets the requirements provided for in the latest bailout agreement during the first assessment of its application this fall.

    For the full article see
    http://www.ekathimerini.com/201649/article/ekathimerini/business/new-debt-sustainability-rule-for-greece

    If true, if there’s indeed consensus on such criterion, it’s a very major step in the right direction. It should also help to overcome the IMF’s reluctance to join the 3rd bailout program (IMF participation is, remember, a strict requirement for some European creditors).

    As I argued a few times on my blog, as long as debt servicing is manageable (as it is under the present creditor’s umbrella), the magnitude of the debt itself is a fairly unimportant matter that doesn’t require an urgent solution.
    Aug-06 https://erikdesonville.wordpress.com/2015/08/06/dept-relief/
    Aug-13 https://erikdesonville.wordpress.com/2015/08/13/greek-debt-sustainability-revisited/
    Aug-23 https://erikdesonville.wordpress.com/2015/08/23/servicing-greeces-debt-once-more/

    Of course the criterion would be “carrot-and-stick” contingent upon Greece’s behavior. The country under stress is offered every possible and reasonable opportunity to cope, if and only if.

    (End quote)

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  3. mikenetherlands says:

    Everything is upside down.
    The euro destroyed Greece, but the best option is to stay in the euro.
    Nea Democratie is the devil, but the best option is to return to the (old) devil.
    Anyway, easy, painless solutions doesn’t exist for Greece.

    I fear the winter that is coming. Lower pensions, higher VAT, more taxes.
    A Grexit will solve nothing. Really nothing.

    Liked by 1 person

  4. Copy of post on my blog
    The fog of the Athens Spring is clearing up
    https://erikdesonville.wordpress.com/2015/09/19/the-fog-of-the-athens-spring-is-clearing-up/

    (Quote)

    More than six months of valuable time for Greece’s recovery utterly wasted by deceit, incompetence and/or stupidity (at the expense of the Greek people taken in hostage).

    That’s roughly (in my words) what the author (Pavlos Eleftheriadis) tells us in his today’s article
    https://theconversation.com/im-standing-in-the-greek-election-as-an-alternative-to-syrizas-deception-44111

    Whatever he claims is backed by links a.o. to the official texts. The reader can check for himself.

    (End quote)

    Liked by 1 person

    • Eric, interesting link, Pavlos Eleftheriadis.

      I read about rumors around To Potami. Concerning funding, voices calling them “neo-liberals” I guess in its derogatory meaning: Wikipedia: Germany neoliberalism

      But whenever I read one of their representatives they sound pretty rational, meaning they seem to inhabit the same reality universe then me. I am not sure if YV and Tsipras really do. They must be on string 11 maybe?

      Seems there is another election other then my own regional or nationals that I will watch closely beyond the US one early in the morning.

      Paul Krugman on the GOP debate

      Comparable routines?

      Like

      • mikenetherlands says:

        Neoliberalism.
        When you know Greece from inside, like we do, persons in between, you know this kind of therms are useless in Greece. (I mean, persons who know Greece from inside very well but live in an other country)
        Greece is smothered by “social benefits” what in fact protection is. Many thimes this “benefits” have nothing to do with socialism, they have only to do with filling pockets. And high prices. You have to know Greece very good to recognize this fraud.
        Of course Ioannis and me are in our heart socialist and reject neoliberalism in a bad form. Dont misunderstand that. But Greece needs a clean-up to get ride of this yunk.
        Call that Neoliberalism. But it isn’t. It is a stange from of socialism to be Neoliberalist in Greece nowadays .

        Like

      • Mike, I use neoliberalism in pretty much the same way that you and Iannos do, thus I expected this response. … I also realized I should explain, after I pushed the button.

        From my very, very limited perception on matters, maybe–admittedly slightly with Iannos publication in mind–it may help to use the term Wikipedia suggests, something like a purely economic liberalism, in the context of the 20th century.

        Scroll down to Passage: Economic neoliberalism

        Over my own by now rather long life, I have to admit that I was seriously puzzled when I discovered national liberals over here in Germany in the late 19th century on one hand and on the other I have to admit that single representatives of “our own neoliberals”, the FDP or the free democrats, occasionally hold liberal positions I agree with. But no doubt they also are the main representatives of business, or are trying to be.

        *********

        I saw an abbreviated version of Georgios Avgeropoulos absolutely brilliant documentary: Agora: From Democracy to the Market yesterday on the German public channel Phoenix.

        He sings the title song you hear in the trailer himself, by the way. It’s as haunting as the documentary:

        Thank you for your kind words! The song is called “Oblivion”. The lyrics are written by the director of the film Yorgos Avgeropoulos. He is the singer of the song too! The music is written by Yannis Paxevanis who has composed the original soundtrack of the film.
        A box set which will include the CD of the soundtrack, the DVD of AGORA in two languages (English & Greek) as well as a booklet with photos and info regarding the film, is going to be available by autumn 2015.

        Like

    • “More than six months of valuable time for Greece’s recovery utterly wasted by deceit, incompetence and/or stupidity (at the expense of the Greek people taken in hostage).”

      Excellent summary Eric

      Like

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