''Newsweek''-Thomas Wright: Ο Σόιμπλε αποτελεί μεγαλύτερη απειλή για την Ευρωζώνη από τον Τσίπρα

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Wolfgang Schauble poses a greater threat to the eurozone 
than Alexis Tsipras...
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«Ο Σόιμπλε αποτελεί μεγαλύτερη απειλή για την Ευρωζώνη από τον Τσίπρα» αναφέρεται σε άρθρο στο αμερικανικό περιοδικό Newsweek.


Συγκεκριμένα, ο Τόμας Ράιτ, διευθυντής του Project on International Order and Strategy στο Brookings Institution, τονίζει ότι «ο νέος Πρωθυπουργός της Ελλάδας, Αλέξης Τσίπρας, διαθέτει σαφή εντολή για την επαναδιαπραγμάτευση του ελληνικού χρέους και της σχέσης με την Ευρωπαϊκή Κεντρική Τράπεζα», προσθέτοντας ότι «θα γραφτούν πολλά τις επόμενες εβδομάδες για τα οικονομικά θέματα που περιλαμβάνονται στις διαπραγματεύσεις».

Ο αρθρογράφος υποστηρίζει, μεταξύ άλλων, τα εξής:

«Πρώτον, η πεποίθηση ότι οι τεράστιες συνέπειες μιας ελληνικής εξόδου από την Ευρωζώνη μπορούν να ελεγχθούν, θα καταστήσει μια έξοδο της Ελλάδας από το ευρώ περισσότερο πιθανή και όχι λιγότερο. 
»Σύμφωνα με δημοσιεύματα, η γερμανική κυβέρνηση θεωρεί ότι η Ευρωζώνη μπορεί να διαχειριστεί μια έξοδο της Ελλάδας από το ευρώ. Όπως επισημαίνεται ωστόσο, μεταξύ άλλων, παραμένει απίθανη μια έξοδος της Ελλάδας, όχι τόσο επειδή η Γερμανία θα θελήσει να πραγματοποιήσει το πείραμα, αλλά επειδή η κατάσταση θα οδηγούνταν πραγματικά στην άκρη του γκρεμού, προκαλώντας την αντίδραση της ΕΚΤ και την ενεργοποίηση των μηχανισμών που διαθέτει, όπως τη διακοπή της παροχής ρευστότητας στις ελληνικές τράπεζες.

»Δεύτερον, υπάρχει η άποψη ότι ο Γερμανός υπουργός Οικονομικών, Βόλφγκανγκ Σόιμπλε, αποτελεί μεγαλύτερη απειλή για την Ευρωζώνη από τον Αλέξη Τσίπρα. 
»Τις επόμενες εβδομάδες, ο κ. Τσίπρας θα χαρακτηρισθεί ως η αιτία των προβλημάτων της Ευρωζώνης, μολονότι τα τελευταία πέντε χρόνια ο Βόλφγκανγκ Σόιμπλε επέβαλε τη γερμανική οικονομική ορθοδοξία στην Ευρωζώνη, όπου συμπεριλαμβάνονταν η λιτότητα, οι διαρθρωτικές μεταρρυθμίσεις, η στήριξη σε μια υφεσιακή νομισματική πολιτική και η εθνικοποίηση του τραπεζικού χρέους.

»Τρίτον, η Γερμανία θα επιχειρήσει να αποδυναμώσει τα λαϊκιστικά κόμματα στην Ευρώπη. Το χειρότερο αποτέλεσμα για τη Γερμανία θα ήταν μια συμφωνία με την Ελλάδα, καθώς θα ενίσχυε τα λαϊκιστικά κόμματα και στις άλλες ευρωπαϊκές χώρες. 
»Σύμφωνα με τη γερμανική οπτική, το καλύτερο αποτέλεσμα θα ήταν η απαξίωση του ΣΥΡΙΖΑ στην Ελλάδα ως προειδοποίηση και για τις άλλες χώρες. 
»Εάν ωστόσο ο ΣΥΡΙΖΑ αποτύχει και η Ελλάδα τεθεί εκτός Ευρωζώνης, θα αποτελεί και αυτό ισχυρό ράπισμα για τη Γερμανία».


Καταλήγοντας, ο αρθρογράφος επισημαίνει ότι «υπάρχει βέβαια και μια μέση άποψη, μια συναινετική συμφωνία με την Ευρωζώνη, που θα εφαρμόζεται σε όλα τα κράτη-μέλη. Η Γερμανία απορρίπτει ωστόσο και αυτή την επιλογή».

30-1-2015
http://www.tovima.gr/politics/article/?aid=672454




Σ Χ Ε Τ Ι Κ Α

 Will Syriza’s Victory in Greece Mean Easing Austerity?
At the weekend, Syriza and its leader Alexis Tsipras won a clear victory in the Greek elections and have formed a coalition government with the small right-wing party Independent Greeks, which is also anti-austerity and anti-bailout.

Tsipras has a clear mandate to renegotiate Greek debt and its relationship with the European Central Bank (ECB). Much will be written in the coming weeks on the economic issues involved in the negotiations (for a very thoughtful poston that, read my colleague Doug Elliott). Here are three initial thoughts on the political dimension and consequences for the future of the eurozone.

1. The belief that the broader repercussions of a Greek exit from the eurozone can be contained will make a Greek exit from the euro more likely, not less.
  According to media reports, the German government believes that the eurozone could cope with a Greek exit from the eurozone much better than in 2012. Most analysts seem to agree. If the risk of contagion has decreased significantly (and it is hard to know for sure), it could paradoxically increase the risk of a Greek exit.

The reason is simple—the specter of Armageddon made everyone cautious in 2012. Greek voters took fright. The ECB would not have pushed Greece to the brink even if Syriza won. If today the ECB and Germany believe that the consequences of a Greek crisis can be contained, they will be less inclined to make costly concessions.


Meanwhile, the Syriza government may feel that it can weather the storm of instability. Tsipras knows that he was elected because voters believe he is genuinely different. He is smart and is capable of adjusting his tactics based on the circumstances. But I very much doubt he will give up on the core vision that got him elected just to fit in.

Exit from the eurozone remains unlikely, not least because Germany is probably still unwilling to run the experiment despite what it says about contagion (after all, before Lehman Brothers was allowed to fail, the U.S. government believed it could be contained), but they could go very close to the brink, and the ECB may well deploy some of its heavy artillery, including choking off liquidity to Greek banks.

2. Ultimately, Wolfgang Schauble poses a greater threat to the eurozone than Alexis Tsipras.

In the coming weeks, Alexis Tsipras will be identified as the cause of the eurozone’s troubles. However, for five years, Wolfgang Schauble, the German finance minister (and with the full support of Chancellor Angela Merkel), has imposed German economic orthodoxy on the eurozone—including austerity, structural reform in the periphery (although not in his own country), support for a contractionary monetary policy and the nationalization of banking debt.

The southern countries elected mainstream parties on a platform of changing this approach and he gave them virtually nothing. One by one, they are being discredited and populist hard-line parties are benefiting—Syriza, Podemos in Spain, Sinn Féin in Ireland and Front Nationale in France.

In the weeks to come, the German government will protest the irresponsibility of Syriza, but it is important to remember that they trampled over better partners when they had the chance.

3. This is a make or break moment for Europe’s populists.

Syriza is the first genuinely populist party to be elected into office in the eurozone. The difference between populists and the mainstream left parties is not that they oppose austerity; it is that they say they will unilaterally break with Germany if they don’t give them what they want.

If Syriza wins major concessions that mainstream parties could not, it will provide a blueprint for other populists throughout the periphery. Indeed, during the campaign, Tsipras said, "January 25 is a new beginning, a victory by Syriza will be followed by Podemos in Spain, and next year, Sinn Féin in Ireland." On the other hand, if Syriza is forced to back down and accept Germany’s way, just as President François Hollande of France, Italian prime minister Matteo Renzi and others have before him, it will be a major blow to other populist parties.

Germany will be particularly wary of empowering populist parties throughout the eurozone—what my colleague Jeremy Shapiro has called “political contagion.” The worst outcome for Germany is a deal for Greece that tells voters in other countries that the only way to get concessions is to vote for an uncompromising populist. The best outcome from Germany’s perspective is for Syriza to be discredited in Greece—either because they fold or because they are seen as irresponsible stewards of the economy— as a warning shot to other countries. However, if Syriza fails and Greece is forced to exit the euro, it would also be a major blow to Germany.

There is, of course, a middle option—a comprehensive deal with the eurozone south that applies to all countries and is broadly accepted. Of course, Germany has rejected that option.

For its part, governments in the eurozone south will be torn on how to respond to Syriza. On the one hand, they want what it wants—debt relief, an end to austerity and a growth agenda. On the other hand, they don’t want to send the message that the only way to get this is to vote them out in favor of the populists.

As journalist Pat Leahy has noted, they have also spent years insisting that they got the best deal possible and that austerity was a necessary evil; a Syriza triumph at the negotiating table would badly undermine that position. Again, their preferred outcome would be an inclusive and comprehensive settlement that they could claim credit for, thus pulling the rug from underneath their own populists.

 30-1-2015

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