By Martin Thomas
On Monday 31 October, a New Political Economy Network (NPEN) seminar for academics, journalists, and political figures, at the offices of the Guardian, discussed the eurozone crisis.
Larry Elliott, economics editor of the Guardian, introduced, arguing that the eurozone project has come to the end of its road and that the answer is “to rip this up and start again”.
Costas Lapavitsas from the School of Oriental and African Studies put it more sharply: the left must campaign for debtor-led default (Greece stopping payment on its debts) and exit from the eurozone. Greece will then