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euro. Syriza will attempt to lift austerity, reduce the debt restructure or write off the
debt and change the balance of social, economic, and political forces in Greece and
Europe more generally without breaking out of the monetary union and without
coming into all-around conflict with the European Union. Thats clearly what this
government signals.
For Lapavitsas, it is impossible to end austerity and stay in the euro and that is what is
wrong with Varoufakis position. The government went into negotiations with an
approach which, as Ive already said, was critical to its composition, to creating it,
which is that we can go into the negotiating room and we can demand and fight for
significant changes, including the lifting of austerity and the writing off of debt, while
remaining firmly within the confines of the monetary union.
Lapavitsas is right to say that whether we consider Varoufakis a Marxist or not is
unimportant (at this point in the interview, reference is made to my own analysis of
Varoufakis views see my
post,https://thenextrecession.wordpress.com/2015/02/10/yanis-varoufakis-moreerratic-than-marxist/. As Lapavitsas, puts it, Varoufakis is a heterodox economist who
has rightly rejected neoclassical economics, but he has never been a man of the Left,
revolutionary left and was at one time an adviser to reformist George Papandreou.
Lapavitsas is right on this: labels are not important: the correct analysis and policy
prescriptions are what matters. And what is clear is that Varoufakis owes more to Keynes
than Marx.