European New Deal
Why Europe Needs a New Deal, Not Breakup – op-ed in The Nation, with James K. Galbraith
The American New Deal of Franklin Roosevelt’s first two terms combined the goals of financial stabilization, reconstruction, conservation, and employment—jobs for the jobless; public works; power systems and new industries, especially in the South; soil conservation and reforestation to battle the Dust Bowl; and a potent mix of regulations and insurance to assert public power […]
DiEM25’s European New Deal explained – video
On negotiating with the EU & fiscal money – with Anatole Kaletsky & journalists from El Pais, Handelsblatt – Project Syndicate video
Yanis Varoufakis discusses how to negotiate with the EU and his proposal to introduce fiscal money with Anatole Kaletsky, Co-Chairman of Gavekal Draganomics, David Alandete, Managing Editor of El Pais, and Torsten Riecke, Handelsblatt’s international correspondent.
The Promise of Fiscal Money – Project Syndicate op-ed
ATHENS – Western capitalism has few sacred cows left. It is time to question one of them: the independence of central banks from elected governments. The rationale for entrusting monetary policy fully to central banks is well understood: politicians, overly tempted during the electoral cycle to create more money, pose a threat to economic stability. […]
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? […]
DiEM25’s New Deal for Greece
Yesterday, the Eurogroup came up with another fudge, another extend-and-pretend loan tranche, for Greece. It is, as this annotated version of the Eurogroup statement explains, a further boost to Greece’s never-ending crisis. Greece’s creditors, the EU and the IMF, are refusing even to discuss Greece’s recovery, Greece’s escape from debtor’s prison. So, what should be done? DiEM25 […]
How to build a democratic Europe in a post-Brexit landscape – interviewed for Jacobin by Doug Henwood
Yanis Varoufakis negotiated with the EU elite over the Greek bailout, witnessed firsthand the callous mathematics used to keep the union together. Today — after OXI, after Brexit, and after Trump — he and his comrades in DiEM25 are calling for a New Deal for Europe: a plan that can stabilize the European Union and […]
DiEM25’s Rome 25th March 2017 Launch of the European New Deal – from Teatro Italia
On 25th March 2017, as Europe’s leaders gathered in Rome to celebrate the… disintegration of the EU, DiEM25 was there, at Teatro Italia, launching our major Policy Paper The European New Deal – a comprehensive economic and social policy agenda, applicable to the whole of Europe (not just the EU), by which to save Europe […]
How does the triggering of article 50 look from Europe? Op-ed, The Guardian
How do I feel now that article 50 has been triggered? I feel sad that so many good people in Britain will feel so disappointed when they realise that Brexit has not helped them “take back their country”. I feel alarmed that, driven by Brexit, EU leaders chose its 60th anniversary, last Saturday, to embrace […]