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Varoufakis: Austerity Is the Only Deal-Breaker

From project-syndicate.org

A common fallacy pervades coverage in the world’s media of the negotiations between the Greek government and its creditors. The fallacy, exemplified in a recent commentary by Philip Stephens of the Financial Times, is that, “Athens is unable or unwilling – or both – to implement an economic reform program.” Once this fallacy is presented as fact, it is only natural that coverage highlights how our government is, in Stephens’s words, “squandering the trust and goodwill of its eurozone partners.” But the reality of the talks is very different. Our government is keen to implement an agenda that includes all of the ... (full story)

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