Daily Archives: 1 February, 2015

The press conference that followed the meeting of Finance Minister Yanis Varoufakis and the head of the Eurogroup Jeroen Dijsselbloem captured the attention of the European public. It was a media performance on both sides. Varoufakis drew his government’s hard lines and stated that they would no longer negotiate with the troika. Instead he put forward the demand for a conference to discuss debt relief. Deiselbloem’s performance of the infuriated eurocrat was out of protocol and has been largely understood as colonial by the Greek public. In a later communication with the Prime Minister Alexis Tsipras, Dijsselbloem referred to the episode as a misunderstanding.

Back to basics

The high drama that is unfolding following the coming to power in Greece of a new government led by left-wing SYRIZA, and similar trends in Spain with the most recent massive show of force by Podemos at Puerta del Sol in Madrid, signal a new era in European and possibly global politics. This is no passing phenomenon but rather an inevitable result of the unsustainability of the existing financial system and the way it is managed in the European context and beyond. This sort of “European Spring”, thankfully not bloody nor as chaotic as its Arab counterpart, can bring good and bad things, depending on how it will be handled by the main protagonists, including the Greeks themselves but also the Germans, other EU nations, and the EU and Eurozone institutions…

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