If you gaze long enough into an abyss, the abyss will gaze back into you. – F. Nietzsche
On the early morning of 27 June when reading that the leader of the Greek coalition government, Alexis Tsipras, called for a national referendum to get the views of Greece’s population on the bitter on-going disputes with Europe and the IMF, and in particular whether or not to accept the Troika’s uncompromising bailout conditions to settle the country’s government-debt crisis, I decided to see if we might do our bit by providing selective daily summary and international commentary on this unfolding the topic – and, more importantly, the uncertain evolving process behind it.
This quickly took the form of a series of daily summaries of a certain number of what I regard as the key points, issues, ideas, attitudes and players shaping this debate. You will find just below the dozen-plus articles that were posted in the pages of World Streets since the 27th. They appear here in the order written, and each is hot-linked to facilitate your access.
The core of this story is the huge gap between the level of understanding of leading members of the economics and policy community and that of the troika members. The ever combatative Paul Krugman put it like this in a 5 July article in the New York Times.