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Beware of the humiliated Greek politicians

Beware of the humiliated Greek politicians

The Ancient Greek historian Thucydides said people went to war motivated by honor, interest and fear. The current Greek government's decision to break off talks with creditors is a clear case of a wounded honor, or pride, driving a momentous decision. As they prepare for Sunday's referendum on whether to accept the last bailout offer made by their creditors, Greeks should take a little time to recall how powerful — and dangerous — this kind of perceived humiliation can be when used to influence political decisions. Prime Minister Alexis Tsipras mentioned humiliation twice in a speech on Saturday, as he proposed the referendum, calling the euro...

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