By Costas Lapavitsas, Heiner Flassbeck
At the twenty fifth January 2015 the Greek humans voted in an election of old importance—not only for Greece yet possibly all of Europe. the unconventional occasion Syriza used to be elected and austerity and the neoliberal schedule is being challenged. all at once it sort of feels as though there's an alternate. yet what?
The Eurozone is in a deep and lengthy obstacle. it truly is now transparent that financial union is a ancient failure, past repair—and not at all within the pursuits of Europe’s operating people.
Building at the monetary research of 2 of Europe’s major thinkers, Heiner Flassbeck and Costas Lapavitsas (a candidate status for election on Syriza’s list), opposed to the Troika is the 1st ebook to suggest a strategic left-wing plan for the way peripheral nations might go out the euro. With a transformation in govt in Greece, and looming political changes in nations corresponding to Spain, this significant intervention lays out a thorough, anti-capitalist programme at a severe juncture for Europe. the ultimate 3 chapters supply an in depth postmortem of the Greek disaster, clarify what could be discovered from it—and offer a potential alternative.
Against the Troika is a realistic blueprint for genuine swap in a continent wracked via obstacle and austerity.
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Additional info for Against the Troika: Crisis and Austerity in the Eurozone
12 Additional revenues are impossible to enumerate, but Macedonia controlled a lucrative trade in timber and other exports. 16 The venerable scholar G. T. ”19 So, while the speeches found in ancient historical works are notoriously suspect as reliable 26 P o o r Al e x a n d e r ? guides to what was actually said, the claims attributed to Alexander at Opis are widely believed. 21 He humbled his own origins for political effect. One or two figures may tell a story, but not the full story, and the art of persuasion lies in selection.
56 We must expect, then, two things from the numbers found in the surviving narratives of Alexander’s reign: they will be relatively rare and they will usually be rounded off as ballpark figures. In terms of rarity, for example, our sources mention 295 financial gains or losses incurred by Alexander but attach actual figures to only 55 of them (19%). 57 As for round numbers, simple multiples of ten account for over 86% of Justin/Trogus’s total quantifications, 90% of Arrian’s, 91% of Diodorus’s, and 98% of Curtius’s.
52 Since Plutarch’s amounts for debts and assets go back explicitly to Aristobulus and Onesicritus, some of the figures cited in Alexander’s speech at Opis can perhaps be traced back to Ptolemy. ), Aristobulus, and Onesicritus seems full and reliably early. ) 70 talents (Aristobulus) 200 talents (Onesicritus) 30 days’ provisions (Duris, Phylarchus) Several factors may account for the disparities. First, of course, some numbers may be right and others erroneous or exaggerated. Second, the figures surely take into account different things: debts at accession, debts accrued subsequently, mobile provisions, and perhaps money as opposed to wealth in general.
Against the Troika: Crisis and Austerity in the Eurozone by Costas Lapavitsas, Heiner Flassbeck