Must-Read: Luigi Zingales: Who is the legitimate leader on the European side? That is the real question

Must-Read: Luigi Zingales: Who is the legitimate leader on the European side? That is the real question: “Tsipras was not part of the Brussels’ elite…

…was challenging the legitimacy of the Brussels’ elite. You can be a crook, you can be an unelected leader and – if you are one of them – your legitimacy will never be questioned in Brussels or Frankfurt. But if you are not… you will be openly undermined even if you had democratically won a clear mandate. As a result, from day one – everybody from Junker to the Eurogroup – was trying to make this government fall…. This was extremely antidemocratic and underhanded. Now it cannot continue…. The Institutions do not need to accept Tsipras’s conditions, but they have to negotiate with him in good faith. The no vote does not necessarily mean Grexit, unless the Institutions want so…. The Institutions will also have to avoid at all costs to let Mario Draghi be the de facto killer of Greece…. Greece’s future in the euro cannot depend on a technicality. It is a political decision that should be taken by legitimately elected leaders. On Greece side, there is Tsipras. Who is there on the European side?…