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Greece Surrendered, But The Real Defeat Was For Europe

Cox, Michael, (2015), “Greece Surrendered, But The Real Defeat Was For Europe”, Social Europe Journal, 16 July

In a recent article on the Greek crisis, I argued that a much bigger game was being played out in Europe over Greece – and the name of that game was deterrence. In plain English, make the terms of any deal with any rebellious, indebted, government in Europe so tough – almost unacceptable – that nobody in their right mind would ever dare challenge the status quo ever again. And while one is at it, make sure that everybody else understands that the terms of the agreement – like the one recently foisted on the Greeks – is seen for what it is: unconditional surrender.

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