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<oembed><version>1.0</version><provider_name>naked capitalism</provider_name><provider_url>https://www.nakedcapitalism.com</provider_url><author_name>Lambert Strether</author_name><author_url>https://www.nakedcapitalism.com/author/lambert-strether</author_url><title>Global Political Risk: Surveying the GIPSI | naked capitalism</title><type>rich</type><width>600</width><height>338</height><html>&lt;blockquote class="wp-embedded-content" data-secret="2iKR4j1CI6"&gt;&lt;a href="https://www.nakedcapitalism.com/2013/08/global-political-risk-surveying-the-piigs.html"&gt;Global Political Risk: Surveying the GIPSI&lt;/a&gt;&lt;/blockquote&gt;&lt;iframe sandbox="allow-scripts" security="restricted" src="https://www.nakedcapitalism.com/2013/08/global-political-risk-surveying-the-piigs.html/embed#?secret=2iKR4j1CI6" width="600" height="338" title="&#x201C;Global Political Risk: Surveying the GIPSI&#x201D; &#x2014; naked capitalism" data-secret="2iKR4j1CI6" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" class="wp-embedded-content"&gt;&lt;/iframe&gt;&lt;script type="text/javascript"&gt;
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</html><description>By lambert strether of Corrente.  Here's another in my series of quote dumps on protests by country; this time, I thought I'd focus exclusively on the GIPSI PIIGS, so-called [See here; here and discussion here]; the southern tier of Europe that is in such distress. Portugal, Ireland, Italy, Greece, Spain. Since Europe is about to close down for the month of August -- imagine, a month's vacation! -- I thought this would be a good time to take stock. What I'm seeing from my vantage point: Many strikes, some marches and demonstrations, nothing at all like the indignados, and above all no sense of a "European idea" from the ground up. And yet painful austerity is imposed on all from the top down, and the powers that be use the same playbook everywhere. It's very curious. The grinding down seems relentless and continual, and yet every so often there is a spark, as in the successful, and to an extent European, resistance to the closing of the Greek broadcaster ERT. I'd love to be wrong on this, but I think the lack of coherence is the story right now. Things correlate in a crisis, and the grinding down is not a crisis.</description></oembed>

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