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It is beyond my comprehension why Varoufarkis did not accept Schaule's offer for a soft Grexit

Hey, Grandma Moses started late!
by LEP on Wed Jul 15th, 2015 at 07:52:09 PM EST
This might be the reason.

Peak oil is not an energy crisis. It is a liquid fuel crisis.
by Starvid on Wed Jul 15th, 2015 at 11:10:10 PM EST
[ Parent ]
It's easier for Tsakalotos to imagine the end of capitalism then the end of the EZ/EU, his preferred idea is to change them from within.

More of his views:

"Communist Dilemmas on the Greek Euro-Crisis: To Exit or Not to Exit?"
Christos Laskos, John Milios and Euclid Tsakalotos

by Prospero on Thu Jul 16th, 2015 at 03:04:31 AM EST
[ Parent ]
Probably because Schäuble's offer does not include debt restructuring, all debts remain denominated in Euros, and there is this harebrained idea that the grexit is temporary.

A society committed to the notion that government is always bad will have bad government. And it doesn't have to be that way. — Paul Krugman
by Migeru (migeru at eurotrib dot com) on Thu Jul 16th, 2015 at 05:22:45 AM EST
[ Parent ]
Wolfgang Münchau:

Greece's brutal creditors have demolished the eurozone project - FT.com

On Saturday, Wolfgang Schäuble, finance minister, insisted on a time-limited exit -- a "timeout" as he called it.

I have heard quite a few crazy proposals in my time, and this one is right up there. A member state pushed for the expulsion of another. This was the real coup over the weekend: not only regime change in Greece, but also regime change in the eurozone.

by Bernard (bernard) on Thu Jul 16th, 2015 at 12:46:24 PM EST
[ Parent ]


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