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Communist Dilemmas on the Greek Euro-Crisis: To Exit or Not to Exit?
BibTeX
@MISC{Laskos_communistdilemmas,
author = {Christos Laskos and John Milios and Euclid Tsakalotos},
title = {Communist Dilemmas on the Greek Euro-Crisis: To Exit or Not to Exit?},
year = {}
}
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Abstract
One section of the Greek left converged on a strategy of default and exiting the euro, together with restructuring the economy through devaluation, nationalization of the banks and the renationalization of public utilities, industrial policies etc. At the intellectual level this approach gained powerful support from a number of Greek academics working abroad. At the political level the exit strategy was promoted as a central policy plank by the extra-parliamentary left, especially Antarsya, but also found a strong, albeit minority, support within some sections of Syriza (see Kouvelakis, 2011, p. 30) 1. The forces coalescing around the exit strategy obviously had internal differences and we cannot hope to do justice to all the nuances here. Rather we shall focus on the arguments as presented by those providing the intellectual gravitas to the exit strategy. The exit strategy has two main elements. The first relies on a deconstruction of any argument that the EU provides any privileged terrain for left wing strategies. The second relies on showing how debt default and withdrawing from the euro provide the indispensable starting point for such strategies. Thus the first report published in 2010 from the Research in Money and Finance Group, based in SOAS, argued that the “good euro ” option (for instance
Keyphrases
exit strategy greek euro-crisis communist dilemma powerful support albeit minority intellectual gravitas internal difference political level indispensable starting point finance group first report public utility second relies good euro option privileged terrain extra-parliamentary left left wing strategy industrial policy greek left greek academic first relies debt default intellectual level main element central policy plank
