More Galbraith on Greece

From a short piece in the Greek paper Ekatherimini:

"So far, the Greek achievement consists of stating raw truths in rooms full of self-serving illusions. This exposes contradictions, bringing on facile ripostes, easily rebutted. It also brings on threats and menacing gestures, intended to test resolve. The Greek government seems to have met that test. 

It can now proceed to the next step. 

The next step is to define carefully what may be accepted. As for reforms, as much as 70 percent of the previous memorandum is (and always has been) common ground. That which is not – fire-sale privatizations, destructive labor market liberalizations and the unreachable 4.5-percent target primary surplus – can be spelled out. Reasonable language to describe the process of discussion to follow may be found."

Read the full article here.