Greece: A Country for Sale

Eleni Portaliou
Wayne Hall

Alexis Tsipras and his Syriza government have overseen privatizations at a scale unseen since German reunification.


The most persistent myth concerning Syriza’s capitulation to the troika is that it was a “forced choice.” To put it differently, “there was no alternative” to signing a third memorandum, given an extremely unfavorable balance of forces at a European and international level. This is the only seemingly rational argument Tsipras and his followers have been able to produce defending their actions.

The story, however, doesn’t end here. Alexis Tsipras didn’t just dismiss the alternatives proposed by nearly half his own party and lead his government to the most spectacular surrender ever perpetrated by a left-wing political force. He also agreed to stay in power to fully and faithfully implement the policies of his former adversaries.

As a consequence, to give credibility to this left version of the “there is no alternative” argument, more self-serving arguments are necessary. The main one is that “implementing all these new austerity measures goes against our will, and we do everything we can to attenuate their negative consequences.”

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