January 31, 2015

Varoufakis: How not to start a negotiation

Listening to Professor Varoufakis, the new finance minister of Greece, one couldn’t but admit that he is a formidable negotiator. His impeccable English helps him in this. The bad news is that he has nothing in his hands to negotiate with other than the empty and ear-soothing words of the populist. For, when you say you are ready to negotiate, you do not preempt the negotiation by refuting the most fundamental elements of it: i.e. privatizations and public sector retrenchment. 

His most interesting statement, however, was on his belief in productivity and private investment efficiency. Unfortunately, these are not the beliefs of his marxist colleagues in government. To complete the picture, BBC would be well advised to seek the views on this also of Messrs. Lafazanis and Scourletis.  

H. Haralambides
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