EuroGroup Has Made (Yet Another) Huge Mistake in Pushing Varoufakis Out

``If the creditors think that [Syriza's new Finance Minister, Euclid Tsakalotos] will be a push-over - more willing to accept terms that fall short of genuine debt relief - they are likely to be disappointed. He is comes from the radical Marxist wing of Syriza, and shares little of Mr Varoufakis's European idealism. Scratch a little and you start to discover a eurosceptic who never wanted Greece to join the euro, indeed who already foresaw with remarkable prescience in this paper in 1998 that EMU would not bring about the convergence of the core and peripheral countries. He was miles ahead of the amateurs religiously touting the benefits of EMU.''