The Greek crisis is only political now, for both sides


Greek Prime Minister Alexis Tsipras leaves at the end of an Eurozone summit at the European Council headquarters in Brussels.

The Greeks are in complete confusion. They have prepared a draft proposal that they must submit by tomorrow.

For the Europeans

On the European front there is politically unity. Certain Member States look at the economic aspects of a possible agreement in the Calvinistic way, weighing profits over losses. But this is not the issue. For Europe, the issue is as Vladimir Lenin very seriously emphasised, that “the best way to destroy the capitalist system is to debauch the currency”.

That said, the European front is prioritising politics over figures. It aims at politically defeating Greece’s left-win...

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