Courtesy of Mish.
Reader Reflections on Greece
Reader “AC” pinged me this AM with her accurate assessment of events in Greece. “AC” writes …
I find strange that no Euro leaders realized that even if Tsipras accepted the deal, his parliament would with almost certainty have rejected it.
European political leaders have lost the sense of democracy and of the power of Parliaments.
We may agree or not with Tsipras ideas and economic or social program, but one thing I think we can all agree on is that he has already made history.
Tsipras restored democracy with his decision to leave such a crucial decision to his people by referendum, showing everybody that in democracy, people must decide their own fate.
Triumph of Democracy
Reader “AC” is surely correct.
I have mentioned on many occasions that the policies of Tsipras are terrible. I cannot support them even as I support his decision to tell the Troika to go to hell.
Many will blame Tsipras. In actuality, it was Troika policies that all but assured the rise of the so-called “radical left” Syriza party.
Recall that Greece technocrat Prime Minister Lucas Papademos was handpicked by the Troika to replace George Papandreou simply because the latter proposed a voter referendum on the Greek bailouts.
Instead of imposed technocrats bowing down to kiss the ECB’s ass, or early elections that the Troika hoped to see, Tsipras was willing to let the people decide.
One may or may not like the result, but this was a triumph of democracy over technocrats and nannycrat puppets.