With their economy in its current state, the usual leftist option of borrowing and spending their way out of it may be very limited. .
Who in their right mind would lend to the Greeks? The way it is looking now, the German taxpayers will be paying for it . . . and they are not enthusiastically pleased about it, to say the least.
Having Greece and Germany share a common currency was a shit-brained idea. In one hour, German workers shove off a couple of Porsches and Mercedes of their production line. In one hour, Greek workers roll a few dolmades and stuff a few gigantes in a can.
And yes, I worked with some guys from Greece on a European Research project. Guys from the Athens Technology Center (ATC) and the National Technology University of Athens (NTUA). They took a month to do what student from the UK, USA or Germany could do in an afternoon.
I have the feeling that Varoufakis is just going to be another flak in the "Blame the EU" for problems of our own making choir.
Well, if you don't like the EU, Greece, don't let the door hit you on your ass on the way out.
I'm not well versed in Aesop's Fables . . . is there one about biting the hand that feeds you . . . ?