The Greek government has decided to hold a referendum on whether or not to agree to the austerity and neoliberal reforms demanded by the troika (the IMF, the ECB, and the EU). The Prime Minister, Alexis Tsipras, has implied that if Greeks vote for austerity, he might resign. I’ve written about the negotiations between Greece and the troika in the past. Since then, events have unfolded and it’s now time for Greece to make good on its threat and dump the Euro. Here’s why.
Tag: ECB
Syriza vs. The Troika: What’s Going on in Greece
With the recent election of Syriza (Coalition of the Radical Left) in Greece, it’s time to revisit the Eurocrisis. I’ll be trying to answer several questions:
- What’s going on in Greece right now?
- What does Syriza want to do?
- What does the troika want Syriza to do?
- What happens if Syriza and the troika can’t agree?
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Is the Eurozone a German Empire?
Given the title, it’s necessary to make a clarification. I support a federal Europe. It’s the only way Europe can regain its ability to make foreign and economic policy independently from the United States, and regain its position as a leading region. However, after running some numbers today, I no longer believe in the Euro as presently constituted. Here’s why.
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Benjamin Studebaker 