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For Europe’s sake Greece must renege on its bailout commitments – my op-ed in Le Monde

, 25/05/2012

Le Monde commissioned me to write an op-ed explaining my view that it is in Europe’s interest that Greece resists the ‘terms and conditions’ of its bailout package while staying within the eurozone. In effect, to explain why there is no contradiction between (a) the Greek people’s determination to stay in the eurozone, and (b) […]

On ABC Radio National's 'The World Today', interviewed by Eleanor Hall

, 21/05/2012

This morning I visited the ABC’s Ultimo studio for three interviews on (what else?) Greece and the eurozone. Here is one of them (the other two were for ABC TV). For the ABC’s website page, which includes the audio and the transcript, click here. The full interview (too long to broadcast on live radio) can […]

Guest Post: Today Germany is the big loser, not Greece – by Marshall Auerbach

, 20/05/2012

Just before the Crisis erupted, in April 2010, with Greece falling into the troika’s embrace in May 2010, I had written an article (A New Versailles haunts Europe) to argue that Germany was about to commit the error that the winners’ of World War I had committed by imposing upon Germany the Versailles Treaty. It was […]

Assorted questions on Greece and Europe by Chinese and Swedish journalists – with brief answers

, 19/05/2012

During the last two days, I was asked several questions by a Chinese and a Swedish press agency over email. Below I list the questions and my answers to them, hoping they might be useful.

Weisbrot and Krugman are Wrong: Greece cannot pull off an Argentina

, 16/05/2012

Mark Weisbrot has been arguing, for some time now, that Greece must try to emulate Argentina; that is, to default on its debts not as a bargaining strategy that yields a New Deal within the Eurozone but, rather, in the context of exiting the Eurozone altogether and going it alone. Recently, Paul Krugman has endorsed […]

The Modest Proposal for Overcoming the Eurozone Crisis, Version 3.0

, 15/05/2012

This blog was established in order to throw useful light on the Eurozone Crisis and, in particular, to present our Modest Proposal for resolving it. The first version was presented in November 2010. Since then  we have had a number of updates. Today, I have the pleasure of posting Version 3.0, a thoroughly re-worked variant […]

Debating 'Grexit' on France24 tv

, 15/05/2012

As the media are replete with talk of a Greek exit, and Europe’s leadership has decided to play a ‘game of chicken’ with the Greek voters, France24 organised a debate involving the following. Click here to watch it (and here for the second part).  Yanis VAROUFAKIS. Professor of Economics, Athens University – from Seattle; Sony […]

On ABC Radio National, PM program: 'Stupendously idiotic' policies for Greece can't work.

, 14/05/2012

For the audio of the interview click. For the transcript (courtesy of ABC), continue reading…

A one-word explanation on why the eurozone cannot inflate its way out of trouble: Spain!

, 10/05/2012

So, Germany seems to have pushed the inflation-phobia monkey off its back. Its finance minister has condoned real wage rises for German industrial workers and the head of the Bundesbank has acknowledged a readiness to allow German inflation to outpace that of the rest of the eurozone. After fifteen years of violating the Maastricht agreement […]

Europe’s potential gains from a silent alliance between Paris and Athens

, 09/05/2012

Greece and France go back a long, long way. The Greek revolution, that procured our small, and constantly problematic, nation-state, was a spinoff (to all intents and purposes) of the French revolution and the culmination of a Greek Enlightenment that owed everything to the French Enlightenment (and almost nothing to either its German or Scottish […]

On CNN Int and Democracy Now, commenting of the Greek and French elections

, 09/05/2012

On Monday 7th May, a day after the French and Greek elections, I was asked to comment on both these momentous results first by Amy Goodman, of Democracy Now, and a little later that day by Christiane Amanpour, CNN International. Both interviews covered quite a lot of ground and departed from the usual epidermic coverage we […]

'Plotting' an economics' rebellion? Featured on Deutsche Welle's mini video documentary on the INET Berlin Conference

, 02/05/2012

During the INET Berlin Conference, April 2012, DW tv spent a day with me, compiling this mini documentary on the INET Conference in general and my involvement in it in particular. You can watch it here: click the video entitled Economists Planning a Revolution. [Those of you who have missed my INET address, and can […]

Interview with China's '21st Century Business Herld'

, 02/05/2012

Just interviewed by Chinese business daily 21st Century Business Herald (21世纪经济报道|). Here is the Q&A, in English of course…

Interviewed by Christiane Amanpour, CNN International: The case for a European New Deal

, 29/04/2012

On Friday 27th April, Christian Amanpour interviewed me on CNN Int on the theme of Europe’s slow suicide by inane austerity. CLICK HERE FOR THE VIDEO. The transcript of our conversation follows (thanks to CNN for making it available to me):

A litmus test for the theory that Europe, in the end, ‘gets it right on the night’: Will it allow the EFSF to recapitalise banks directly?

, 29/04/2012

A currency union requires a unified banking sector. With one supervisory authority that keeps banks in check (and, hopefully, in awe), re-capitalises them when the need arises and, when this happens, takes a stake in them in exchange for the capital injected into the banks.

A chance for happiness for Europe’s unhappy family (*)

, 27/04/2012

Europe is an unhappy family. And like all unhappy families, its diverse forms of competing miseries, afflicting differently its different members, are the reason it cannot regain its poise. Divorce is looming. Only in Europe’s case, and this is where my analogy with families breaks down, divorce can never be cathartic. It stands no chance […]

Why Won’t Germany Turn? Joseph Halevi’s insightful analysis, circa 1995

, 25/04/2012

The question οn almost everyone’s lips is: “How long before Germany recognises that a new architecture is necessary to keep the Eurozone together?” Implicit in the question is a mistaken premise: that Germany’s view of the Eurozone is wrong, that its stance is predicated upon a mistaken analysis concerning the nature of Europe’s macroeconomy. Recently, […]

‘Die Deutschen drehen immer durch’: Interviewed by Tageszeitung 23rd April 2012

, 25/04/2012

While in Berlin, last week, I gave an extensive interview to Tageszeitung. Click here for the article, as it appeared on their website (you can use Google Translate if you have no German). Alternatively, you can read the pdf version of the print edition (complete with a weird photo…): Tageszeitung YV interview 23rd April 2012

The Modest Proposal in Eurointelligence (abridged version)

, 21/04/2012

Wolfgang Munchau kindly offered to publish a version of our Modest Proposal in Eurointelligence. Click here.

German Mercantilism and the Failure of the Eurozone, Guest Post by Heiner Flassbeck

, 21/04/2012

One of the most poignant analyses of the deeper causes of the Euro Crisis, amongst the many presented in INET’s Berlin Conference, was a paper entitled ‘German Mercantilism and the Failure of the Eurozone’, by Heiner Flassbeck. With the author’s kind permission, I reproduce it here for your benefit. Enjoy. (You can watch Heiner’s presentation […]

THE MODEST PROPOSAL AND THE DEMOCRATIC DEFICIT

, 18/04/2012

In an astute commentary on the INET panel in which I appeared (see here for the text), to talk about Europe’s future, Eves Smith had this to say: “It is worth noting that one of the questions after the various presentations on the Eurozone mess raised the issue of the ‘democratic deficit’. The various speakers […]

The Modest Proposal in Berlin – INET Conference, 13th April 2012

, 16/04/2012

The invitation to address INET’s Berlin Conference, and to deliver a fresh version of the Modest Proposal, gave me the impetus to revisit the latter. The extended summary below (of my INET talk) will soon spawn Version 3.0 of the Modest Proposal. Europe’s strategy for dealing with the Euro Crisis has been to ringfence, at […]

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