Tuesday, February 24, 2015
Greece, Syriza and the "Grexit"
If you are not following the situation in Greece, you are missing one of the most important political and economic events since the great recession in 2008. The election of Syriza in the last Greek election was a clear demonstration by the Greek people against the austerity provisions imposed by the Eurozone. Since the election, Syriza has been in intense negotiations to get a new deal on its outstanding financial obligations to the Eurozone. So far, Germany has relented (which Phillipe LeGrain at Foreign Policy has described as outright bullying) and Greece (and Syriza) are in a bind. You can read about those tensions between democracy and globalization by the great Leo Panitch here. The people at the Socialist Project have put together a great Hot Topics tab on Greece here. So what do you think, should Greece leave the Eurozone? What would be the implications of such a move?