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Angela Merkel’s austerity condemned Europe and Germany to decline – The New Statesman

, 28/09/2021

At the height of the eurozone crisis, one of Angela Merkel’s close advisers explained to me her driving ambition: to bequeath to her successor a stronger chancellery than she inherited. If so, as Merkel prepares to retire, she should be delighted. Germany’s trade surpluses, and thus political clout, are far greater now than when she took office […]

Austerity’s hidden purpose – Project Syndicate/Katmandu Post

, 20/05/2021

Back in the 1830s, Thomas Peel decided to migrate from England to the Swan River in Western Australia. A man of means, Peel took along, besides his family, ‘300 persons of the working class, men, women, and children,’ as well as ‘means of subsistence and production to the amount of £50,000.’ But soon after arrival, […]

‘The Austerity Doctrine in the Time of Coronavirus’: Crucial Q&A on post-pandemic austerity with Brian Eno & Yanis Varoufakis plus special guests Stephanie Kelton & Naomi Klein

, 16/04/2021

In the 3rd episode of Let’s Talk It Over regulars Brian Eno and Yanis Varoufakis welcomed very special guests Stephanie Kelton and Naomi Klein to discuss The Austerity Doctrine in the Time of Coronavirus. Here are some of the questions tackled in the program: Austerians for years told us that all hell would be unleashed on […]

Is it sensible to fret about public debt’s rise during the pandemic? A debate with Todd G. Buchholz on Pairagraph

, 23/01/2021

Is public debt a bomb about to explode taking us down? Or is fretting about public debt a tactic for preparing public opinion for a new austerity drive that will cause debt to grow even faster? Read my debate with Todd G. Buchholz organised by pairagraph.com (see here for the original publication) Todd G. Buchholz’s […]

German political economy’s two naughty sisters in action, once again – George Krimpas guest post

, 04/03/2019

The lean years are here again, to the apparent satisfaction of Germany’s Finance Minister, a Social Democrat.  The rate of growth of the budgetary surplus was declining, therefore restraining expenditure was the prudent attitude, the public must rest assured that over the next few years 25 billion euros will be saved, the chance of a […]

On Europe’s austerity drive and DiEM25 – an OECD podcast

, 15/10/2018

One country that symbolised the crisis of the last 10 years was Greece. Its insolvency embarked the country on a long regime of bail-outs and austerity. This August, Greece officially emerged from the crisis, with the OECD forecasting GDP growth again. So, did the austerity work? The former Greek finance minister and co-founder of the […]

On The Jolly Swagmen podcast, discussing economics, the economy, politics, Europe & Greece

, 26/07/2018

Joe speaks with former Greek Finance Minister Yanis Varoufakis, the man who defied Europe to save Greece – and failed. Yanis, the suave economics professor turned unexpected politician, has recently announced he will run for Prime Minister of Greece at the next national elections. He is the author of multiple books including And The Weak Suffer […]

AUSTERITY (in 144 pages)- A Vintage mini

, 17/07/2018

How do we choose between what is fair and just, and what our debtors demand of us? Yanis Varoufakis was put in such a dilemma in 2015 when he became the finance minister of Greece. In this rousing book, he charts the absurdities that underpin calls for austerity, as well as his own battles with […]

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