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Sunday, May 13, 2012

Tsipras against Austerity: Merkel Bends on Stimulus

Under pressure to join a unity government in Greece with the New Democracy and Socialist parties, Tsipras of a “radical left”Syriza party was holding firm as of May 13, 2012. Even as the resulting prospect of new elections and a possible reneging on the agreement by Greece, there is something to admire in Tsipras’ position.

              Greek president Karolos Papoulias meeting with leaders of the three main parties (Tsipras on right) AP

The full essay is in Essays on the E.U. Political Economy, available in print and as an ebook at Amazon.