English European Crisis Greek Crisis Politics and Economics Uncategorized

Crying over spilt milk: My CNN.com piece on Greek sovereignty and the unholy alliance between German and Greek leaders

[The following story was commissioned by CNN.com. Click here for the complete article.] STORY HIGHLIGHTS German and Greek politicians are at odds over who should control Greece’s budget Greek political economist Yanis Varoufakis says both are guilty of failing to grasp the real problem Varoufakis says both countries mislead voters in agreeing an unsustainable rescue […]

English European Crisis Greek Crisis Politics and Economics Uncategorized

Pointless fury: Why both German and Greek politicians are wrong to be angry

So, some German politicians put on paper that which they have been thinking of a while:  Greece has become an unbearable burden and, if they are to resign themselves to continue putting their money in that particular black hole, they might as well have a say in the way it is managed on the ground. Predictably, […]

English European Crisis Politics and Economics Uncategorized

Complexity Fetishism, the Euro Crisis and a worthy challenge for 2012: Part B

Part B: The lure of naive models in the era of financialisation (*) [(*) For the rationale of this four-part series of posts, as well as for Part A of the series, click here.] Preface: Part A of this four-part series of posts began by focusing on the problematic application of the analytic-synthetic method to socio-economic […]

English European Crisis Uncategorized

On the true causes behind France’s downgrade

“[T]he financial problems facing the eurozone are as much a consequence of rising external imbalances and divergences in competitiveness between the eurozone’s core and the so-called “periphery.” As such, we believe that a reform process based on a pillar of fiscal austerity alone risks becoming self-defeating, as domestic demand falls in line with consumers’ rising concerns […]

English European Crisis Politics and Economics Uncategorized

A brief note on Tobin’s Tax and Merkozy’s naked cynicism

Tobin’s financial transactions’ tax was a simple, down-to-earth, logical proposal for dealing with the ridiculous volatility that became the norm in the era of the Global Minotaur (my metaphor for the way in which the combination of US trade deficits and capital flows into Wall Street kept the global economy going between the early 1970s […]