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It's sad to see them (Varoufakis/Tsipras) being crucified for this. Ironically, it was the Eurozone "leadership" that used threat of Grexit in negotiations, by

It's sad to see them (Varoufakis/Tsipras) being crucified for this. Ironically, it was the Eurozone "leadership" that used threat of Grexit in negotiations, by not accepting any compromise. It only shows they have the "punish someone" mentality, at the cost of Eurozone's future. I guess that's politics, damned if you do, damned if you don't. Couple days ago, Tsipras was criticized for not having plan B.

tptacek 11y ago
It's not that they had a Plan B, but what that plan was. Their Plan B was essentially a coup, instrumented through the financial system.
- asgard1024 11y ago
  I am genuinely curious - what would be a correct Plan B? I am not sure how could you have a Grexit without it being a coup. Personally, I am not a big fan of central bank independence, as a concept. There is always some dependence, because institutions are staffed and constructed by humans, and I think proclaiming independence is a bit muddy in democracy. If Tsipras took control over Greek Central Bank, it would still have greater democratic legitimacy than the control Eurozone leaders have over ECB (the fact they have some I think can be seen from the fact that ECB didn't provide liquidity to Greece before the referendum - really independent CB in a monetary union would have to do that anyway and let the politicians face the consequences). (I am really torn here, because, even though I wish Eurozone to succeed, sadly, the existence of EZ and ECB was not established in a democratic process, as it should.)
  - Tomte 11y ago
    Easy: let parliament vote for Grexit.
    - fwn 11y ago
      That's not practical. The plans would've been leaked and people would've tried to take advantage of it. The idea that a parliamentary decision would have been better than one from the cabinet because the legitimating chain would've been slightly shorter sounds like a rather esoteric reason to judge their actions on. But as opponents this is a great opportunity. They'll get crushed, I guess.
vixen99 11y ago
You mean he's being criticized. Crucified is the disgusting fate meted out to some people in Syria and Irak. Using it as a metaphor here is maybe like hitting a note fortissimo when it's marked forte or even mezzo forte.

tptacek 11y ago

It's not that they had a Plan B, but what that plan was. Their Plan B was essentially a coup, instrumented through the financial system.

asgard1024 11y ago
I am genuinely curious - what would be a correct Plan B? I am not sure how could you have a Grexit without it being a coup. Personally, I am not a big fan of central bank independence, as a concept. There is always some dependence, because institutions are staffed and constructed by humans, and I think proclaiming independence is a bit muddy in democracy. If Tsipras took control over Greek Central Bank, it would still have greater democratic legitimacy than the control Eurozone leaders have over ECB (the fact they have some I think can be seen from the fact that ECB didn't provide liquidity to Greece before the referendum - really independent CB in a monetary union would have to do that anyway and let the politicians face the consequences). (I am really torn here, because, even though I wish Eurozone to succeed, sadly, the existence of EZ and ECB was not established in a democratic process, as it should.)
- Tomte 11y ago
  Easy: let parliament vote for Grexit.
  - fwn 11y ago
    That's not practical. The plans would've been leaked and people would've tried to take advantage of it. The idea that a parliamentary decision would have been better than one from the cabinet because the legitimating chain would've been slightly shorter sounds like a rather esoteric reason to judge their actions on. But as opponents this is a great opportunity. They'll get crushed, I guess.

vixen99 11y ago

You mean he's being criticized. Crucified is the disgusting fate meted out to some people in Syria and Irak. Using it as a metaphor here is maybe like hitting a note fortissimo when it's marked forte or even mezzo forte.