“It is preposterous. Greek debt can be efficiently restructured so that losses are minimized and properly shared. This is a European crisis in the final analysis, not Greece’s alone; behind every incautious borrower is an incautious lender. Yet there is no hint of open minds among Europe’s leaders, notably the Germans. What, we have to ask, is this all about?
It is not about a logical way out of the euro-crisis, which is perfectly possible. It is about the neoliberal war against alternative thought and the elevation of the market above all other values, including democratic process and ordinary decency. The commanding generals in this case are headquartered in Brussels, Frankfurt and Berlin.”