The usual Left Hysteria mongering from Neo-Liberal reporters/pundits at one of it’s nerve centers Bloomberg! Fear Monger in Chief ‘He can’t think straight’ @cwcalomiris followed by severe scolding of those ‘radicals’, but not just that, but as pardoners of murderers. That places the Syriza leadership outside the pale. The rhetoric of the Cold War and the New Cold War harnessed to the utterly shopworn/failed Neo-Liberal consensus, as it slowly unravels! Therefore the resort to the melodramatic framing of interminable ‘crisis’, and it’s denial. That unraveling upsets the Neo-Liberal intelligentsia and it’s reportorial minions. Consider the word intelligentsia as a descriptive, rather than a statement of some kind of fact, perhaps, in the broadest sense a term of art.
On a related matter, the ‘euro’ as Neo-Liberal instrument to checkmate the Keynesians see this essay by Gregg Palast’s essay here:
‘But Mundell, a can-do Canadian-American, intended to do something about it: come up with a weapon that would blow away government rules and labor regulations. (He really hated the union plumbers who charged a bundle to move his throne.)
“It’s very hard to fire workers in Europe,” he complained. His answer: the euro.
The euro would really do its work when crises hit, Mundell explained. Removing a government’s control over currency would prevent nasty little elected officials from using Keynesian monetary and fiscal juice to pull a nation out of recession.
“It puts monetary policy out of the reach of politicians,” he said. “[And] without fiscal policy, the only way nations can keep jobs is by the competitive reduction of rules on business.”
He cited labor laws, environmental regulations and, of course, taxes. All would be flushed away by the euro. Democracy would not be allowed to interfere with the marketplace – or the plumbing.’