The Greek “no” vote and new developments

July 6th, 2015 at 8:16 am

Posted last night at Posteverything. As you’ll read, while the way forward is anything but clear, the strong rejection of austerity in the face of very high stakes struck me as a bold assertion of self-determination, evidence of a strong democratic impulse all the more impressive as it occurred as bullies threatened to mete out more economic pain.

And this AM, we awake to the resignation of the Greek finance minister, Yanis Varoufakis, who has been so instrumental in developments thus far. He’s getting out of the way in hopes that removing himself will facilitate the type of compromise I hope for in my piece linked above, but not without a parting shot.

From his resignation note, shades of FDR: “And I shall wear the creditors’ loathing with pride.”

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