Has The Financial Times  found the hero of it’s Capitalist Morality Play in Mr Theodorakis?

His qualifications for the position of The Neo-Liberal Knight of Faith:

‘Mr Theodorakis, a charismatic former television journalist, created To Potami — The River — from scratch ahead of January’s national elections and rode a wave of mainstream protests to secure 17 seats in parliament, the third largest in the 300-seat chamber., a charismatic former television journalist, created To Potami — The River — from scratch ahead of January’s national elections and rode a wave of mainstream protests to secure 17 seats in parliament, the third largest in the 300-seat chamber.’

Some quotations from Mr. Theodorakis, that surely establishes his status as front runner of the moment:

‘’Mr Tsipras has faced a vocal revolt from within Syriza since his new reform proposal — which includes steep increases in pension contributions and new taxes on corporate profits — was unveiled on Monday, but analysts remain unsure whether defections during a vote would be in the single-digits or in the dozens.’’

“Tsipras did not have the negotiation in mind. In his mind, he was always worried about his own party: what will I do in the negotiation that my party can say ‘this is the best thing you can do’?” he said.

“Time went by having his party satisfied with the negotiations, but in the process he lost his biggest allies in Europe,” he added. “The strength of Greece was always the allies Greece had in Europe.”

Read Yves Smith’s trenchant comment at Naked Capitalism :

Greece Bailout Deal Looks Even More Remote

A revelatory excerpt of Ms. Smith essay is demanded because she pulls no punches:

‘The question is whether the Troika is pushing Tsipras beyond where he can go out of a desire to break Syriza or was simply exhibiting their pathological faith in economic quackery, aka austerity, as well as a related belief that members of the Eurozone needed to follow the rules.’

Read Paul Craig Roberts comments on the Greek Pro-EU march here:

Greek People Demand Their Own Destruction — Paul Craig Roberts

A quote from Mr. Roberts:

‘The Greeks are so determined to be included in “Europe” that they are willing to be driven economically into the ground and to cease to exist as a sovereign state as the price of being in the EU. The idiots who participated in this “rally for Europe” have made it difficult, if not impossible, for the Greek government to soften the austerity that is being imposed by the One Percent on the Greek people.

Among Western people, the Greeks have experienced the heartlessness and greed of the One Percent more severely than any other Western people. Yet, the Greeks accept their mistreatment as the price of being European.

It is a wonder that Alexis Tsipras hasn’t resigned and damned the idiot population to hell.’

Also see this from InvestmentWatch under the headline: