Principals and Agents

Cunning Hired Knaves

'The ruins of Greece are beautiful, but not to live in!' - El Roto, El País, 10th July 2015 ‘The ruins of Greece are beautiful, but not to live in!’ – El Roto, El País, 10th July 2015

So, the deal taking shape means the Syriza government in Greece has now welcomed its former ‘partners’ as its rightful overlords.

The Syriza leadership, such as it is, proposes take a courageous and resounding No vote against austerity, delivered by a people in revolt, and cast it to one side. Its credibility has begun to nosedive, and its plans are likely to meet with fiercely hostile resistance. When it put the proposals of its ‘partners’ to a referendum last week, the erstwhile Finance Minister Yanis Varoufakis said –in the language of economics- that the government was merely the agent, but that the Greek people were the principal. Varoufakis has made way, and the real principal, according to Syriza today, is the Troika-that-dare-not-speak-its-name.

It was never clear to me whether the public…

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