PSOE’s Penchant for Repeating PASOK’s Disappearing Act – El Diario (English & Spanish texts)

The only periods in Greece, since the crisis erupted, when the recession eased were periods of governments either too weak or, as in the case of the first Syriza government in which I served as finance minister, too unwilling to comply with the troika’s demands. Similarly in other eurozone member-states: political paralysis proved a godsend! During the euro crisis’ worst days, Belgium had the strongest growth in Europe because – rather than in spite – of repeated failures to form a ‘proper’ government: the lack of a parliamentary majority meant that no government could implement the self-defeating austerity that slashed incomes in member-states featuring ‘proper’ governments. Spain’s economy, too, has paradoxically benefitted from not having had, since last December, a clear parliamentary majority for the contractionary policies demanded by Brussels.

Yanis Varoufakis

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Pedro Sánchez: No me da vértigo ser presidente del Gobierno. Me da respeto
el PASOK mordió el polvo por participar en el derrocamiento de su líder y, curiosamente, el PSOE ha tomado el mismo camino. EFE

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[For the El Diario site click here]

History may repeat itself but never as quickly or as mindlessly as it does within Europe’s social democratic family. Spain’s socialists jettisoned Pedro Sánchez to allow Mariano Rajoy to form government as if in a bid to replicate the disappearing act of their Greek counterparts, the once formidable PASOK.

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