Re:Varoufakis reveals cloak and dagger 'Plan B' for Greece, ...
by MagnumOpus on Monday July 27, 2015 @04:13AM
(#9953987)
If this summer's negotiations were a deliberate chess move, they are akin to manoeuvring yourself into a Fool's Mate.
Closing all banks for the largest part of a month sinks your economy at a faster pace than any austerity ever could. The country was on the path to recovery since last year but this summer has caused another implosion in economic activity similar to a devaluation - all without getting the eventual side benefits of an actual Grexit.
To me it appears that Varoufakis is the Bobby Fischer of economics at the moment[1]. Of course he had a plan to keep the Greek economy (somewhat) alive if Grexit occurred. It would astonish me if some details of the plan hadn't been leaked to the EU - the Greeks would want them to know about it.
Varoufakis's resignation/sacking was beautifully timed to setup the idea that the Greeks would make some concessions, but couldn't be pushed much further.
And the purpose of this latest thing isn't to protect Varoufakis against treason charges, it it to drive a bigger wedge between Germany and France before August 20.
(As an aside, Varoufakis used to be Valve's staff economist, and he's a published game theorist. He's pretty good a playing slight differences in motivations against each other)
[1] http://genius.com/3889915