Your move, Brussels

Oh how elites can delude themselves.

Sunday’s Greek elections revealed a population furious about the Brussels-imposed Fauxsterity, but divided among the multiple alternatives. The largest vote-getter in the bunch was the left-wing SYRIZA party, which has railed against Fauxsterity without being willing to leave the euro.

As James Forsyth (Spectator Coffee House) noted, despite SYRIZA’s win (which was no surprise), there has been little concern in the halls if Europhilia…

In recent weeks, European diplomatic sources have regularly argued that Syriza would have to moderate its demand in office. They argued that Syriza wouldn’t win a majority and that to form a coalition it would have to compromise.

Indeed, the only acceptable coalition partners on the left are both far softer on Brussels than SYRIZA (the Communists and Golden Dawn are considered beyond the pale, and for good reason). So, SYRIZA went “across the aisle” and paired up with the right-wing anti-Fauxsterity party: the Independent Greeks.

Back to Forsyth…

Independent Greece (sic) and Syriza have little in common other than their view on the bailout…That Alexis Tsipras has chosen to do a deal with them rather than the leftist Potami who favour a less confrontational approach to the troika is telling. It shows that he has no intention of blinking first in his negations with the IMF, the rest of the European Union, the European Central Bank and the European Commission.

Indeed, Tsipras has essentially brought both wings of the anti-EU Greek rebellion into his government (arguably, IG would be even tougher on Brussels than Tsipras has been), and ensured any calls for caving into Brussels will only be heard on the opposition benches.

For Brussels (and Berlin, whose government is the de facto representative for the lending, “northern” euro countries), this is a dramatic shot across the bow. It is also a sign that perhaps, Tsipras really is willing to risk exiting the eurozone (he has previously insisted Brussels would cave into his demands). The choice for Brussels (and Berlin) may very well be between letting Greece get the bailout it wants (with Spain, Italy, Portugal, and Ireland wondering if they can be next) or forcing Greece to take its own currency again (which would actually be better for Greece, althought many Greeks can’t see it).

Clearly, the next move it Brussels’.

@deejaymcguire | facebook.com/people/Dj-McGuire | DJ’s posts

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