[L]et’s be clear: what we’ve learned these past couple of weeks is that being a member of the eurozone means that the creditors can destroy your economy if you step out of line.
Krugman yesterday
The Germans out to crush the Greeks.
Suppose you consider Tsipras an incompetent twerp.
Suppose you dearly want to see Syriza out of power.
Suppose, even, that you welcome the prospect of pushing those annoying Greeks out of the euro.
Even if all of that is true, this Eurogroup list of demands is madness.
The trending hashtag ThisIsACoup is exactly right.
This goes beyond harsh into pure vindictiveness, complete destruction of national sovereignty, and no hope of relief.
It is, presumably, meant to be an offer Greece can’t accept; but even so, it’s a grotesque betrayal of everything the European project was supposed to stand for.
Krugman today
American conservatives side with Germany on the Greek issue and would love to inflict similar agony on the American people.
There’s now an effective consensus among Democrats — on display in Hillary Clinton’s planned Monday speech on the economy — that workers need more help, in the form of guaranteed health insurance, higher minimum wages, enhanced bargaining power, and more.
Republicans, however, believe that American workers just aren’t trying hard enough to improve their situation, and that the way to change that is to strip away the safety net while cutting taxes on wealthy “job creators.”
And while Jeb Bush may sometimes sound like a moderate, he’s very much in line with the party consensus.
If he makes it to the White House, the laziness dogma will rule public policy.
Tsipras is taking the deal, with his tail between his legs, back to the Greek parliament, which is expected to swallow this cyanide pill.
The Guardian all along preferred Greek surrender to Greece defaulting, exiting the eurozone, or even leaving the EU.
They predict he will resign or be forced out of office, along with his failed party of gutless radicals.
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