Syriza Walks Back Initial Defiance | naked capitalism
Victims of austerity and their allies around the world may be placing too much hope in Syriza. Despite the demonization of the Greek party as “radical left” in the mainstream press, and the blistering reaction from the German government to its economically sound observations about the need to rethink bailouts, Syriza is no revolution-in-the-making. But because the frustration with and the human costs of the Troika’s destructive policies only continue to mount, the opposition is desperate for a champion, or at least a focal point. Syriza has thus increasingly become an object of projection of both its allies and its opponents. And that seems to be leading to some misreadings of the state of play.