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Friday, April 26, 2024

Lexit

Support for withdrawal from the euro zone, called “Lexit” is reemerging as Germany's position becomes ever more harsh….

EMU brutality in Greece has destroyed the trust of Europe's Left

'The Left let itself become the enforcer of reactionary policies and mass unemployment because of the euro.' Greece has broken the spell

By Ambrose Evans-Pritchard, The Telegraph

Excerpt:

Whether or not the EMU creditor powers intended to bring down an elected Greek government, and whether or not it was a "coup" as the Twitterati allege, there is no doubt that Syriza was compelled by financial coercion to abandon its election promises. It must even repeal all "fiscal" laws passed since January.

Without wishing to rehearse 15 years of Greek controversy – by now a familiar subject – let me just say that the country's crisis is a collective responsibility of the creditors, the EMU elites, the Greek oligarchy and, ultimately, of a jejeune Alexis Tsipras.

The Troika bail-out in 2010 was intended to save the euro and European banks at a time when there were no defences against contagion. Greece was not saved. It was sacrificed. The roots of the "Greek Spring" can be traced to this original sin, further fed by the Troika overkill that followed.

The left must put Britain's EU withdrawal on the agenda

Progressives should be appalled by European Union’s ruination of Greece. It’s time to reclaim the Eurosceptic cause

By Owen Jones, The Guardian

Excerpt:

At first, only a few dipped their toes in the water; then others, hesitantly, followed their lead, all the time looking at each other for reassurance. As austerity-ravaged Greece was placed under what Yanis Varoufakis terms a “postmodern occupation”, its sovereignty overturned and compelled to implement more of the policies that have achieved nothing but economic ruin, Britain’s left is turning against the European Union, and fast.

“Everything good about the EU is in retreat; everything bad is on the rampage,” writes George Monbiot, explaining his about-turn. “All my life I’ve been pro-Europe,” says Caitlin Moran, “but seeing how Germany is treating Greece, I am finding it increasingly distasteful.” Nick Cohen believes the EU is being portrayed “with some truth, as a cruel, fanatical and stupid institution”. “How can the left support what is being done?” asks Suzanne Moore. “The European ‘Union’. Not in my name.” There are senior Labour figures in Westminster and Holyrood privately moving to an “out” position too.

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