‘Time to concede with honour and end crisis’
‘Grexit is a soluble problem merely cloaked in an aura of impossibility’
The Greeks have the temerity to challenge the neo-liberal rationalism of Austerity and to declare that they wish to remain in the EU. But to moderate the Greek bailout would be an admission of it’s unworkability, of it’s utterly draconian character. Even Martin Wolf’s essay brims with a kind of anguish, not to speak of hand wringing, while still maintaining his Neo-Liberal piety.
What the editors of The Financial Times ask for is a noble surrender of the Greeks, Mr Tsipras, Mr. Varoufakis and Syriza. Yet this essay is awash in the rhetoric of the self-exculpatory i.e. of a declaration of the ‘we are blameless’, from an organization that has championed, apologized for the ascent of that neo-liberal rationalism, and it’s motley assortment of political/economic actors. Call it disingenuous, there are stronger words!
The questions abound: What does the future hold? Will Mr. Jack Lew intervene, on behalf of President Obama and the American National Security State, to counter a possible move by the rapacious Mr. Putin? To express it New Cold War paranoia terms. The Financial Times’ call for surrender is not an invitation to negotiate.