Anatole Kaletsky on a Greek suicide? A comment by Almost Marx

Prof. Francesco Giavazzi’s essay at the Financial Times takes a more belligerent attitude toward the Greeks than Mr. Kaletsky, here:
Mr. Kaletsky’s has impeccable Neo-Liberal credentials and he lets the Greeks know that their blackmail scheme won’t work, if that is what it is? Perhaps Mr. Kaletsky doesn’t even read Project Syndicate itself, for he has missed, in his zeal to warn Greece about his imagined ‘blackmail’ of the EU, this essay by Yanis Varoufakis here:
Neo-Liberal Panic about the Grekxit has given way to posturing by the technocrats: anger allied to the sentiment of good riddance, and warnings that those scheming Greeks are barking up the wrong tree, as the fate of the EU is teetering on the abyss. To adopt the political melodrama of the financial press, that now grudgingly accepts that Greek intransigence, as opposed to German fiscal virtue will be the looser.
As for Argentina as pariah nation there is this :
‘ Argentina’s Merval stock market is up 45% this year, more than Europe’s stellar performance and way more than the S&P 500.
Even everyday Argentines, battered by rising food prices and electric bills, are feeling better lately. The country’s consumer confidence index is up over 40% from a year ago, according to Torcuato di Tella University, a private university in Buenos Aires. ‘

Almost Marx

About stephenkmacksd

Rootless cosmopolitan,down at heels intellectual;would be writer. 'Polemic is a discourse of conflict, whose effect depends on a delicate balance between the requirements of truth and the enticements of anger, the duty to argue and the zest to inflame. Its rhetoric allows, even enforces, a certain figurative licence. Like epitaphs in Johnson’s adage, it is not under oath.'
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