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Insolvent Greece goes to market 2.0

Why do I refuse to be impressed by the news of Greece’s return to the markets? “It is because the Greek state and the Greek banks remain deeply insolvent. And, their return to the money markets is a harbinger of the next terrible phase of Greece’s crisis, rather than a cause for celebration”. The above was […]

Mr Tsipras’ insightful incoherence – my reply in The Guardian, 24th July 20176

In a Guardian interview (24 July), the Greek prime minister, Alexis Tsipras, having admitted to “big mistakes”, was asked if appointing me as his first finance minister was one of them. According to the interviewer, Mr Tsipras said “Varoufakis … was the right choice for an initial strategy of ‘collision politics’, but he dismisses the […]

Help separate truth from motivated error: My acceptance speech at Sussex University on the occasion of an honourary doctorate conferment

On 20th July 2017, the University of Sussex conferred upon me the degree of Doctor of the University Honoris Causa. Professor Andrea Cornwall, who kindly presented me to the Chancellor and the Congregation, explained the rationale of the award: “[F]or his contribution to our understanding of the global economy, for his advocacy of an authentic internationalism, […]

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The Establishment is in denial – interviewed by der Freitag (English text)

For der Freitag’s site click here. To read my original English answers… Mr Varoufakis, the current unemployment rate in the Eurozone is at 9,8%, the lowest since July 2009. One could get the impression things are getting better… It is, I grant you, still perfectly possible for those who wish to remain in denial to […]