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Varoufakis to Publish Notorious Eurogroup Recordings from 2015 Meetings

greece.greekreporter.com

201–210 of 234 posts

Re: Varoufakis to Publish Notorious Eurogroup Recordings from 2015 Meetings

#201
post #144

Earlier quoted context omitted.

Greece could default, but it was not clear what would have happened to their central bank, and if a default would have pushed Greece out of the Eurozone. Due to these uncertainties, and undoubtedly also to pressure from the rest of the EU, Greece decided instead to renegotiate their debt with the Trojka.

Not really. Greece was never allowed to default properly. The referendum George Papandreou alluded to at the time, is a prime example of what I'm saying: Greece defaulting might drive Italian bond prices through the roof at that point the monetary union would be destroyed overnight. Now that the debt has been turned from public to private, it might be easier to handle as a situation, but I doubt the EU is able to han…

Greece is a sovereign country. It could have defaulted if it really wanted to. Maybe it would have required an exit from the Euro, but that would have been its choice. That they considered this worse than the alternative was also their choice.

Re: Varoufakis to Publish Notorious Eurogroup Recordings from 2015 Meetings

#202
post #197

Earlier quoted context omitted.

> Reaped the benefits? Greece's GDP dropped 30% since 2008 Most of it was due to the fact that Greece had forged their nation accounting to falsify their actual state and hide sovereign debt, and once they faced bankruptcy they had no alternative than to come clean and straighten their accounting. Another important fact that is oddly left out by proponents of the "austerity is a conspiracy" rhetoric is the fact that…

Look, I'm no Greek, and you're entitled to your opinion. The problem is this is exactly the same kind of finger pointing and the Greeks (the Spaniards, the Italians, etc) are the spoiled brats rhetorics that are creating toxic politics in Europe and causing the rise of far right populists. I wouldn't imagine a rhetoric where evicted homeowners are blamed for causing 2008 crisis with irresponsible borrowing instead of…

> The problem is this is exactly the same kind of finger pointing and the Greeks (the Spaniards, the Italians, etc) are the spoiled brats

You're getting emotional and in the process trying to out words into others people's mouths for no good reason. Greece's problems were a political and institutional problem, and it's not possible to hide this fact and its consequences. You cannot have a string of governments patently and systematically committing state-wide accounting fraud, and even resorting to paying consultants to optimize their fraud, and still try to spin it as emotional pettiness. Eventhough the actual Greek people had to bear the blunt of the problem, that changes nothing with regards to the problem, what caused it, andwho were responsible for it.

Re: Varoufakis to Publish Notorious Eurogroup Recordings from 2015 Meetings

#203
post #99
post #83

Earlier quoted context omitted.

As far as I remember, Varoufakis was personally offended that the eurocrats did not take him seriously and did not engage in a discussion of his ideas. He wrote about it several times, he sounded extremely disappointed that you can't have an academic discussion on that table. I had a really hard time to sympathise with him as I got the impression that he didn't pay attention to the reality of the situation and kept c…

> he didn't pay attention to the reality of the situation Or he paid too much attention to the reality of the situation. According to him, as a professional economist, the Euro is structurally unsustainable and is going to implode in the next 2008 because of the way the EU is set up politically creating a situation of a central bank without a country and countries without central banks. What angered him is the way Eu…

> Or he paid too much attention to the reality of the situation.

That assumption doesn't hold to scrutiny. If he was half as attentive as you portray him or if he actually cared about reality of the situation or how to fix Greece's economic problem, Varoufakis wouldn't have repeatedly pinned Nazi comparisons on Germany's government has he did, not to mention the Russia stunts.

In fact, Varoufakis' erratic political behavior and systematic diplomatic and political screwups are more in line with a political plan to render a solution within he scope of EU and the euro completely impossible, and in the meanwhile create conditions to force Greece out of the euro, EU and even NATO, which incidentally line up with his ideals and contrast with the will of the Greek people.

Re: Varoufakis to Publish Notorious Eurogroup Recordings from 2015 Meetings

#204

Earlier quoted context omitted.

> This is about "elections cannot be allowed to change economic policy" It reflects the anti democratic perspective of the Eurogroup It just reflects the general european position on separation of powers. That central bank and its monetary policy should be independent of executive branch of government in a similar manner like supreme court or whole judiciary branch. It is a position of authoritarian leaders who promo…

If economic policy is not in the scope of government then you certainly have a very narrow concept of government power. Even the judiciary's only power is to discover inconsistantancy in law. However given that you described elected officials as Authoritarian I would imagine you are simply a libertarian.

> If economic policy

OP stated monetary policy, not economic.

Furthermore, Greece's problems were primarily caused by the way Greek governments systematically mismanaged the Greek state, having resorted to a perverse and continuous push for a combination of massive accounting fraud and overspending fueled by collosal levels of sovereign debt.

Re: Varoufakis to Publish Notorious Eurogroup Recordings from 2015 Meetings

#205
post #195

Earlier quoted context omitted.

Well, if it's all above board, they shouldn't be worried about transparency then, so what Varoufakis is doing is totally OK, am I right? Except I think there will be unsavory stuff in it, or there wouldn't be any reason for him to disclose this.

> Well, if it's all above board, they shouldn't be worried about transparency then That's either extremely naive or disingenuous. It's quite frequent in negotiations that you have to concede parts that might be spinned as collosal political losses even if they are completely inoquous or even in line with the greater good or your political mid to long-term interests. The sovereign debt crisis is an excellent example,…

Who decides what is "greater good" though? Some unelected bureaucrat in the Brussels? A globalist cabal? Frau Merkel? Quis custodiet ipsos custodes? Why do you have so much trust in these "negotiations" that you don't even want to see what transpired in them?

Re: Varoufakis to Publish Notorious Eurogroup Recordings from 2015 Meetings

#206
post #200

Earlier quoted context omitted.

> who didn't see fit to pay their taxes With all the corruption going around I would not blame them. (even without it I would not blame them regardless. There are many people all over the world -including me- who consider taxes thievery) Anyway, please do correct me if I am wrong, but wasn't it only the rich/rich companies that did that? Similarly to how Amazon, Google, or Apple for example pay almost no tax. > who t…

As far as I am aware, tax fraud was (and probably still is) endemic in Greece. If you like to think it is just Amazon not paying its taxes, believe what you want. If you go see a doctor in Greece he will ask for cash. What do you mean the population wasn't asked? It's a democracy. The population elects polititians that vote laws and make decisions. Like in almost every country and for almost every topic. If the greek…

> If you go see a doctor in Greece he will ask for cash.

Yes? Cash is the standard method of payment, what is the issue exactly? Regardless of that, employees (who are the majority of the workforce in pretty much every country) can't tax-evade.

> What do you mean the population wasn't asked?

See https://news.ycombinator.com/item?id=22385367

And at the end of the day, even if there was true democracy it would still not make sense to blame all the population for the choice of the majority. In the same way that you can't blame every American for the killer drones, or every German for the election of the NSDAP.

Re: Varoufakis to Publish Notorious Eurogroup Recordings from 2015 Meetings

#207

Earlier quoted context omitted.

Thing is, it's GDP exploded for now underlying economic reasons in the previous decade... and they all consumed the absolutely unearned wealth produced by nothing but cooking the books. The real "fair" solution would be: to auction off their sovereign territory to the highest bidder, and paying off debt with that cash. If they try to object, confiscate their merchant fleet and block ports with aerial minelaying.

Assuming that you don't care about the Greek people (and obviously you don't) and assuming that the narrative of "we the European people" is false (that obviously it's), what about the public debt? Because all the actions that took place "to fix" Greece was in order to fix the problem of the public debt. So, I suppose that now, after all the "hard medicine" the problem is solved. Well, it's not and it's not predicted…

> Because all the actions that took place "to fix" Greece was in order to fix the problem of the public debt.

That assertion is quite wrong and fly in the face of facts and history.

For example, Greece received a massive debt pardon which whiped out about half the state's debt toward private banks. This alone triggered the bankruptcy of a bunch of private banks, including from other countries also undergoing bailout processes of their own.

Additionally, the bailout process was focused on controlling structural deficit, and not debt. Debt is not the problem, but depending on loans just to keep the state operating is a collosal problem. After Greece's accounting fraud was blown, Greel governments were forced to face the problem of the Greek state enduring double digits deficits. "Austerity" is just a fancy word for "we need to reign in all this overspending", and it boggles the mind how the fact that Greece was routinely spending over 10% of it's fiscal revenue, resorting of loans after loans to cover the difference, is simply omitted or glanced over.

Re: Varoufakis to Publish Notorious Eurogroup Recordings from 2015 Meetings

#208
post #150

Earlier quoted context omitted.

The difference is that citizens aren’t trained statesmen, diplomats, or political scientists. That’s the whole premise of representative democracy: that direct democracy (through e.g. having referendums on everything) doesn’t work, because people don’t have time to be good at whatever personally makes them a living and also politics; and so we pay some people to do politics for a living, so that they will have the ti…

What your are describing is technocracy, not representative democracy. In representative democracy, the will of the people is still supposed to be the most important factor in the representative's decision making. Sure, the rep is expected to have better context on the implications of any decisions taken. But they should still use that context not to govern how they think is best by their own rationality, but to gove…

> In representative democracy, the will of the people is still supposed to be the most important factor in the representative's decision making.

To be clear, we agree on this.

My point was that, in a direct democracy, it's not just the public's ends that are paramount, but also the public's preferences on means.

One good example of what I'm talking about is Ancient Greece, which was a direct democracy, despite having so-called representatives. In the Ancient Greek system, people were chosen for the civic duty of governing the country like they continue to be chosen today for jury duty: they were drafted by lottery. They weren't afraid of politicians betraying the public will, because any politician that did anything the public didn't like, would be killed.

And to be clear, "anything the public didn't like" included, for example, being friendly to foreign diplomats, or accepting gifts, even if these things would have had no later bearing on their political decision-making, i.e., on their practice of their profession.

In such a context, a politician is forced to not only act toward the will of the people, but also to "perform politics" in a way that avoids upsetting their citizen-base, and so to avoid using some of the most effective political tools because the public finds them uncouth. Also, such performances often require the use of ineffective or downright counterproductive political tools, simply to satisfy the public.

A clear modern example of the effect of direct democracy is when a municipal elected official, e.g. a county sherriff, feels pressure to put a suspect behind bars for a crime there's not yet sufficient evidence they committed, simply because the public demands that someone be punished for the crime.

The entire point of representative democracy, is that the public is often irrational in ways that makes their proximate demands an ineffective way of achieving their own stated will. In this example, the public nominally wants to see justice done—but in the implementation of it, directly demands injustice. A representative is supposed to listen to the will of the public, certainly, but to ignore the direct demands; or translate the direct demands into the will they stand for.

Patients know their symptoms but not the causes. Users know when there's a bug but not the correct fix. Well, voters know when there's a problem, too; but they're not any better at figuring out what to do about it than patients or users are.

People don't have enough money to get by? Fixing that is certainly "the will of the people", and a politician that hears that complaint but doesn't do anything about it is certainly not being a representative. But the decision between fixing it via welfare, jobs programs, minimum wage, UBI, etc? That's statesmanship. And letting the public decide which of those policies is better is just abdicating the responsibility to practice the job of politics; just like a doctor just giving someone pills for whatever disease they think they have would be an abdication of responsibility for the practice of the job of medicine.

Re: Varoufakis to Publish Notorious Eurogroup Recordings from 2015 Meetings

#209

Earlier quoted context omitted.

While what you say is true, the contents of these meetings should be public knowledge. A lot of citizens of a few countries had their lives almost destroyed by the decisions of these politicians, so is only fair they know what was discussed, who defended them, etc. Let us not forget the pressure the ECB (and other european institutions) put on some countries that have come to light after the fact. (Like only allowing…

> While what you say is true, the contents of these meetings should be public knowledge. I honestly don't think it's that simple. While decisions should always be public, in order to come to reasonable compromises on issues, it can be valuable for leaders to be able to have closed-door conversations outside of the spotlight, where they don't have to engage in political grandstanding; after all, it's that kind of comp…

> While decisions should always be public, in order to come to reasonable compromises on issues, it can be valuable for leaders to be able to have closed-door conversations outside of the spotlight, where they don't have to engage in political grandstanding; after all, it's that kind of compromise that allows democratic systems to function.

You described an authoritarian system, not a democratic one. The public has the right to know what our elected servants are doing or saying. That's what dictatorships do, they tell the public the decisions without any insight into the process.

> That's not to say this isn't without peril. Behind closed doors, corruption might happen as easily as compromise. I'm just not convinced the risks outweighs the benefits.

Well if you aren't sure, then it's usually safe to err on the side of principles rather than justifications.

Re: Varoufakis to Publish Notorious Eurogroup Recordings from 2015 Meetings

#210

That's a really shitty move. >a USB of the conversations he had secretly recorded while attending a Eurogroup discussion in Brussels People in private converse completely differently (more freely) than in public. Judging people on what they said there by a public standard (it's impossible that this will not happen) is extremely unfair. Especially since Varoufakis knew that he will be recorded, he has probably chosen…

While I think you're right, that heavily depends on the content of those recordings.

On the low end of the scale someone could have used undiplomatic language that with the right media framing could anger a lot of people, without beeing that damning from an objective angle.

On the other end however you get things that we might want to know about, e.g. when someone in a high office defends a genocide, or says something so clearly evil that the potential damage of not publishing the recording outweighs every individual right.

I am not a fan of Varoufakis, but I could imagine him not taking this decision lightly (otherwise he would have published it way earlier). This points to something closer to the latter category.

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