In Search of Lost Time

Stathis Kouvelakis
Wayne Hall

After five months of negotiations, Syriza’s choices remain the same: capitulate to Greece's lenders or break with the euro.


It appears that five months were needed for the Greek government to finally withdraw from a process that has been exhausting for the government itself and society as a whole. This was the time required for a (perhaps temporary) end to be put to the repayment installments to the creditors and for Syriza to issue a call for reactivation of the popular mobilization that was interrupted by the catastrophic agreement of February 20.

With the public coffers empty, with the economy reeling from the effects of the liquidity strangulation implemented by the European Central Bank, with the population in a state of inertia and confusion, the question arises as to whether all these last-minute initiatives, apart from being insufficient and unprepared, have come too late to make any difference.

Whether, in other words, it is possible to make up for the time that began to work against the Greek government from the moment it tried to present as a “negotiating success” its own inability to exert the slightest influence on the stance of the creditors.

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