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Europe’s Gradualist Fallacy – Project Syndicate op-ed

ATHENS – Europe is at the mercy of a common currency that not only was unnecessary for European integration, but that is actually undermining the European Union itself. So what should be done about a currency without a state to back it – or about the 19 European states without a currency that they control? […]

Martin Wolf, in The Financial Times, on ‘Adults in the Room’: “A tragedy because Varoufakis was – and is – right. The bulk of Greek debt should indeed be cancelled outright.”

This is a superbly written account of the struggle to alleviate the austerity imposed upon the Greek people by the eurozone. Greece, argues Varoufakis, has been put in a debtors’ prison and robbed of autonomy and dignity for the indefinite future. Critics would argue that he failed as finance minister in 2015 because he was […]

Interviewed by Chris Newlands for the Financial News – 19 June 2017

It is no surprise that Yanis Varoufakis, the former finance minister of Greece, turns up to our interview without a tie. The 56-year-old famously arrived at Downing Street in 2015 for a meeting with the then Chancellor of the Exchequer, George Osborne, with his shirt untucked. More surprising is that the left-wing economist, who led negotiations […]

The markets will not fix themselves – interviewed by Emma Walden for FundForum

“We have a major imbalance between savings and investment. We have the highest savings rates in the history of capitalism and lowest level of investment. You only have to state that to realise what the source of our troubles are.” Speaking at FundForum International 2017, Former Greek Finance Minister and DiEM25 Co-Founder Yanis Varoufakis sat […]

Looking back in anger – review of Adults in the Room, The Hindu Times

A former minister’s account of how Greece handled a financial meltdown is a tell-all political memoir like no other   G. Sampath Whether it is agricultural policies that hurt farmers’ interests or labour ‘reforms’ that erode workers’ rights, or welfare cuts that hurt the poor, it has been seen time and again in democracies around the […]

DiEM25

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 […]