Yanis Varoufakis calls far left party Popular Unity's plan for Grexit and a return to the drachma "isolationist"

In Greece the left calls the left isolationist.

In America the right calls the right isolationist.

Maybe the isolationism is where the real meaning is, the other monikers "left" and "right" being obfuscatory and Orwellian, and useless.

The two candidates for president in America with any energy in their campaigns are against free-trade because it is one-sided trade which slowly impoverishes the American middle class. A more insidious form of Fabianism is hard to imagine. One of the candidates is a patriotic socialist throwback to the FDR 1930s, the other a businessman whose hero was another Democrat in recovery, Ronald Reagan.

In our time it has been only some people from the left who have seemed capable of understanding that our capitalism-in-name-only actually requires the destruction of the economic ladder along which historically Americans have more or less freely traveled both up and down. This is because only people of the left are acquainted with the truth of the observation by Marx how free-trade was to be welcomed because it hastened the revolution. We get absolutely no insight from the American right about this and they run headlong unaware toward their fate. Accordingly we get no sympathy from them either for the plight of formerly prosperous millions of Americans who have crashed onto the rocks of the libertarian free for all. Their few children will become the next proletariat, the wealth of their parents and grandparents only a faint memory. 

The irony of the world situation is that it is creatures of the left who want to stop this, both here in America and in Greece. 

Yanis Varoufakis on the other hand is not one of them. Chalk it up to being an "erratic" Marxist, as he likes to say. What he is is a pan-Europeanist, a world citizen and globalist who is more at home in European capitals than he is on Aegina. He is not for what Greeks need most, which is the ability to feed themselves and export at a profit, for which they must have control over, and responsibility for, their own affairs. 

Seen here:

'The 54-year-old Varoufakis has already dismissed speculation that he would join the far-left Popular Unity party that broke away from Syriza last week, telling ABC that he had "great sympathy" but fundamental differences with them and considered their stance "isolationist".'

Greeks pass third draconian austerity/bailout package 222 to 64 with 11 abstentions

Looks like Alexis Tsipras' Syriza MPs defected in a big way: 32 No votes this time with 11 abstentions and 1 absent. This could prove fatal to Tsipras' continuance as Prime Minister. The Syriza coalition of the Left with 149 members partners with Independents with 12 in the 300 seat parliament. Tsipras' core support in parliament appears to have fallen to 39%.

The "erratic Marxist" Yanis Varoufakis voted No, after voting Yes and No previously, and reportedly offered to resign his seat so that Tsipras may appoint a reliable vote to replace him. 

The Guardian has full coverage here.

EuroGroup president Jeroen Dijsselbloem gets a new name: Lightweight Weaselbloom

Yanis Varoufakis, quoted here:

'In the full transcript published on his blog, Varoufakis also laid into the Eurogroup president, Dutch Finance Minister Jeroen Dijsselbloem, saying he was key to the Greek deal “not just because he is so intellectually lightweight but, primarily, because he is untrustworthy. For example, he chose to lie to me in my first Eurogroup about procedure. It is one thing to disagree with the Eurogroup president. It is quite another thing to have him lie to you about gravely important procedures.”'

James Galbraith defends Yanis Varoufakis

“I've never seen anyone work so hard or so selflessly on behalf of his country”.

James K. Galbraith, University of Texas, quoted here on Yanis Varoufakis.

Greek PM Alexis Tsipras proves once again he's a stand up guy, says he directed Yanis Varoufakis to develop Plan B

The Telegraph reports here:

'This morning, Alexis Tsipras has come out in defence of Yanis Varoufakis. The PM has spoken about the plans the former finance minster was in charge of, to look into developing a parallel payments system, in public for the first time. He has confirmed he had full knowledge of the blueprint, and ordered Mr Varoufakis to take charge. But he denies that they amounted to a full blown "Grexit" plan.'

Yanis Varoufakis, the former Finance Minister, previously in parliament had stood up for Tsipras by reluctantly and surprisingly voting Yes to proceed with the EuroGroup Summit plan Tsipras had agreed to in Brussels.

Perhaps now parliament will abandon, as it should, any effort to prosecute Varoufakis who like every other member enjoys immunity.

Ambrose Evans-Pritchard is rightly exasperated by the oligarchy's attempt to criminalize Yanis Varoufakis

Here:

'It has come to this. The first finance minister of a eurozone country to draw up contingency plans for a possible euro exit is under investigation for treason.

'Greece's chief prosecutor is examining criminal charges against a five-man "working group" in the country's finance ministry for the sin of designing a "Plan B", a parallel system of euro liquidity and bank payments that could - in extremis - lead to a return of the drachma.

'It is hard to see how a monetary union held together by judicial power, coercion and fear in this way can have a future in any of Europe's ancient nation states.

'The criminalisation of any Grexit debate shuts off the option of an orderly return to the drachma, even though there is a high probability - some say a near certainty - that the latest EMU loan package for Greece will prove unworkable and precipitate the country's exit from the single currency within a year. As a matter of practical statecraft, this is sheer madness.'

EuroGroup deal forced on Greece "akin to dragging a collapsed marathon runner back to the race"

From Giles Wilkes' review of Yanis Varoufakis' The Global Minotaur, here.

The Grauniad strikes again: 3 week bank closure cost the Greeks . . . just 3 Euros!

Seen here.

Whatever you may think of Alexis Tsipras, tonight's interview showed him a true leader of Greece and an adept politician

The Grauniad is predictably impressed, here, but for many good reasons:

"Even if you think Alexis Tsipras has misplayed the crisis, it’s hard not to be impressed by his composure in tonight’s interview."

Tsipras, from the summary, pledges to go down with the ship, if necessary, and Tsipras admits Greece may well do so:

“The worst thing a captain could do while he is steering a ship during a storm, as difficult as it is, would be to abandon the helm.”

According to the polling data the people still love him, no doubt not in the least because he is made of the stuff which refuses to blame others, including Varoufakis.

In 1967 the Greek coup d'etat was by the tanks, in 2015 by the banks

Yanis Varoufakis, audio here, says Tsipras felt defeated by the "No" in the referendum:

"In the [1967] coup d’état the choice of weapon used in order to bring down democracy then was the tanks. Well, this time it was the banks." (at 10:55 into the interview)

Alexis Tsipras sought out the help of Yanis Varoufakis starting in 2010, but never fully agreed with him

Varoufakis' plan, as outlined here in an interview in The New Statesman, was never embraced by Syriza as it needed to be to have even a chance of succeeding:

[Yanis Varoufakis] said he spent the past month warning the Greek cabinet that the ECB would close Greece’s banks to force a deal. When they did, he was prepared to do three things: issue euro-denominated IOUs; apply a “haircut” to the bonds Gree[ce] issued to the ECB in 2012, reducing Greece’s debt; and seize control of the Bank of Greece from the ECB. ... As the crowds were celebrating on Sunday night in Syntagma Square, Syriza’s six-strong inner cabinet held a critical vote. By four votes to two, Varoufakis failed to win support for his plan, and couldn’t convince Tsipras. He had wanted to enact his “triptych” of measures earlier in the week, when the ECB first forced Greek banks to shut. Sunday night was his final attempt. When he lost his departure was inevitable.

The Greek referendum was close in only one place: Conservative Sparta

The vote was less close in Kastoria in the north, with "No" winning 52%-47%.

You'll notice The Guardian got the graphic at the top and the bottom totally backwards, which isn't the first time on this story. Someone reported yesterday, I believe, that Varoufakis would resign if the vote were NO when in actuality he said he would resign if Greece voted Yes.

The artists are smoking something at The Grauniad.