Tuesday, July 14, 2015

Sentence of the day: Greece edition

This is Joseph.

The recent Eurozone stuff requires a bit more blogging than I am prepared for.  But I think that this comment from Ezra Klein puts in perspective just how wrong it all went:
Syriza's strategy, insofar as there was one, uncovered a method of failing that was much more complete and all-encompassing than anyone had thought possible at the start of the process.
The reason that this is bad news is the the European Union has been sold as a partnership.  In a partnership, it is actually bad for one side to lose very, very badly in negotiations.  Not because the person that won will not be objectively better off.  But because a partnership requires mutual benefit, and so a bad deal undermines the strength of the partnership.

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