Costas Lapavitsas is a candidate standing for election on Syriza’s list. He is a Professor of Economics at the School of Oriental and African Studies, University of London. He is a member of Research on Money and Finance (RMF). He was the lead author of the RMF reports published by Verso as Crisis in the Eurozone. His previous publications include Social Foundations of Markets, Money and Credit and Political Economy of Money and Finance and Profiting Without Producing: How Finance Exploits Us All.
Yesterday the economist, Syriza MP and author of Crisis in the Eurozone, Profiting Without Producing and our blueprint for anti-capitalist change in Greece; Against the Troika: Crisis and Austerity in the Eurozone published a stark warning to his own party in light of the concessions made by the Greek government in the Eurozone talks.
The Eurogroup agreement has not been concluded, in part because we do not yet know what ‘reforms’ will be proposed by the Greek government today (Monday 23 February) and which ones of those will eventually be accepted. However, those of us that have been elected based on the program of Syriza, and see the announcements made at Thessaloniki [i.e. the ‘Thessaloniki Program’] as pledges that we have promised to the Greek people, we have deep concerns. It is our duty to write them down.
With the election won, what happens next? The author of our practical blueprint for change in the Eurozone, Against the Troika: Crisis and Austerity in the Eurozone considers Syriza's electoral promises in a recent Guardian article.
The Greek parliament has failed to elect a new president and the country’s constitution dictates that there should now be parliamentary elections. These will be critical for Greece and also important for Europe. A victory for Syriza, the main leftwing party, would offer hope that Europe might, at last, begin to move away from austerity policies. But there are also grave risks for Greece and the European left.