Democracy or Immaturity?

Interpretations of the Greek referendum in the Euro Zone

The referendum that Alexis Tsipras announced in the early hours of June 27, just days before the expiration of Greece’s rescue program, was from the very beginning a dangerous gamble with little chance of success. His main objective was to strengthen his position as far as his internal ...

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The Greek Referendum: A New Battle of Marathon

The historical resonance, significance and challenges of ‘no’ on July 5th

Some commentators have compared the victory of the "Oxi" at the Greek referendum of July 5th to a Pyrrhic victory, implying that while the anti-austerity camp won this battle, it is doomed to lose the war, strangled by the insurmountable economic difficulties caused by the lack of liquidity. Others have ...

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We Are All Greek

During the thirties Edmund Wilson recalled his reaction to the stock market crash of 1929 as “not depressing but stimulating. One couldn’t help being exhilarated by the sudden unexpected collapse of that stupid, gigantic fraud.” I fear that we may be coming to a point when many people throughout the ...
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