English European Crisis Talks Uncategorized University Video

The Modest Proposal in the European Parliament: Varoufakis and Holland, on video, presenting

On Thursday 1st December, Stuart Holland and I presented our Modest Proposal to members of the European Parliament. Here is a compilation of one of our presentations – the one featured was hosted by the EU Parliament’s Left Caucus. (While I believe that the eurozone is probably incapable of adopting a rational solution package, like […]

English European Crisis Greek Crisis Uncategorized

Of Debts and Denial: The Crisis in the context of the post-2008 world – Presentation at the LSE on Tuesday 6th December

In London next Tuesday? Perhaps you may want to come along to this talk. I shall be using the occassion to make the basic claims that: The eurozone, in its original/present form, could never survive the shock of the Crash of 2008, Greece was just as much of a problem for the eurozone as Germany […]

English European Crisis Uncategorized

Eurobonds that can work now! A critique of the European Commission’s Green Paper on ‘Stability’ Bonds, by Stuart Holland

Today, Stuart Hoilland and I are in Brussels to talk with euro-MPs about our Modest Proposal. My simple brief is to impress upon them that, at the eleventh hour, ECB-bonds are sine qua non for saving the euro-system. We need, in short, a simple and boring common bond that is guaranteed solely by the only […]

English European Crisis Guest Post Uncategorized

A fresh proposal for escaping the euro crisis. Guest post by Alain Parguez

The following proposal is due to Alain Parguez, Emeritus Professor of Economics, University of Franche-Comté, Besançon-France ( www.neties.com/parguez ). Professor Parguez has been a longstanding critique of European Union affairs. His incisive critique of the eurozone’s architecture predates by many years the current Crisis. Always fascinated by his views , I am grateful for the […]

English European Crisis Uncategorized

On The Euro’s Fading Future: In conversation with Henry Farrell (with a reference to the ill fated Baroso eurobond proposals)

In this video conversation with Henry Farrell (Professor of Political Science and International Affairs at George Washington University) we are discussing the euro crisis. Note that at around the 20th minute of the discussion I explain why, in my opinion, Baroso’s eurobond proposal is dead in the water. I argue that Baroso’s European Commission is desperately […]

English European Crisis Uncategorized

The Euro Crisis Conference videos are now available (University of Texas, 3rd and 4th Nov.)

James Galbraith was the unstoppable force behind the Crisis in the Eurozone Conference that took place at the Lyndon B. Johnson Graduate School fo Government, University of Texas, on 3rd and 4th November. (Click here for the program.) My great regret is that such a magnificent conference could never be held in… Europe. For Europe […]

English European Crisis Uncategorized

The Brussels Eurocracy is embracing eurobonds. But they seem determined to hold the wrong end of the stick

Only yesterday, La Stampa (Turin’s daily newspaper) reported that Brussels is contemplating three possibilities regarding Eurobonds. The paper is quoting from the so-called Green Book on the Feasibility of Stability Bonds: (1) complete transfer of national treasury bonds to a European agency with joint guarantees (EU and member states) (2) Blue vs Red bonds, with […]

English European Crisis Uncategorized

A simple and boring common bond

On Europe’s last chance, Wolgang Munchhau’s error and the urgent need for ECB-bonds:  Our euro-chickens are coming home to roost. Europe has only one last chance to reverse the eurozone’s disintegration: It must issue a new form of euro-denominated bond which will: (a) arrest the ‘popcorn effect’ (a much better term than the domino effect) that […]

English European Crisis Greek Crisis Politics and Economics Uncategorized

On the US, European and Greek Crisis: A double act with Rick Wolff at the Brecht Forum

On 8th November 2011, Rick Wolff invited me to a double act at the Brecht Forum (downtown NYC). Our topic: Rick gave a brilliant wrap up of the recent developments on the US Crisis front. My brief was to start with Greece before discussing more broadly the European debacle. Afterwards Costas Panayotakis commented on my […]