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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