English European Crisis Politics and Economics The Global Minotaur: A theory of the Global Crisis Uncategorized

The Global Minotaur versus the Age of Greed: A debate on the ABC Radio National's Late Night Live, chaired by Philip Adams

Since the late 80s one of my daily pleasures has been to listen to Late Night Live, the ABC Radio National's daily program in which Philip Adams, the renowned Australian film maker, author and public intellectual reviews the current political, social and cultural climate, talks to authors about a great variety of interesting books (that [...]
English European Crisis Interviews Media Uncategorized Video

To use it it would have to be prepared to lose it: Why Germany is not using its power to fix the euro

Last week, on the Jeff Randall show (Sky News), we discussed the looming Greek default but, more importantly, the question of why is Germany dithering. Toward the end of the interview I tried to make the point that Europe’s tratedy is that those with the power to redesign, and in so doing fix, the eurosystem […]

English European Crisis Uncategorized

Geithner Shunned: What the US Treasury Secretary said to the Europeans and how they shunned him at our collective peril

Back in the era of unquestioned US hegemony, many Europeans (and I include myself) dreamed of the moment when our leaders would find it in their hearts publically to repudiate the heavy handed advice of a high ranking visiting American dignitary. This weekend, the dream came true. Only it turned out a terrible nightmare.

English European Crisis Uncategorized

In Ireland

If you are wondering why I have been keeping quiet this week it is because I am in Dublin on a series of talks, interviews and discussions through which I hope (a) to spread the word for the Modest Proposal and (b) to learn from this amazing small country’s experiences. Today’s (personal) highlight was meeting […]

English European Crisis Greek Crisis Guest Post Uncategorized

Guest Post: Jerry Goldstein is sure of a Greek default, cannot see the eurozone breaking up but can see no way out of the mire either

GUEST POST by Jerry Goldstein, ex City banker and regular correspondent of this blog I see the probability of Greece defaulting at 1, on a scale of zero to one. But I do not necessarily think this is sufficient to cause a breakup of the eurozone. Whilst a Greek default will cause volatility to spike […]

English European Crisis Uncategorized

Can Germany save Europe without jeopardising its own finances? Most certainly! An interview with Vorwaerts, the SPD's official newspaper

During August I was interviewed by Markus Schöning on behalf of Vorwaerts, the SPD’s official newspaper. Here is what I had to say (in German only).     Interview zur Eurokrise mit Yanis Varoufakis Europa als Dampfmaschine Markus Schöning • 09. September 2011 Eurobondes sinnvoll gestalten. Foto: Dr. Klaus-Uwe Gerhardt/pixelio.de Markus Schöning: Angesichts des verstärkten Engagements der Europäischen […]

English European Crisis Uncategorized

Eurobonds: Not a question of ‘whether’ but one of ‘who will issue them’ and ‘who will back them’

by Yanis Varoufakis and Stuart Holland Ever since the Crisis erupted, Europe’s leaders have reacted to the suggestion that eurobonds are sine qua non with a familiar repertoire of responses. First came denial of the need for eurobonds, coupled with a snub for those who proposed them. More recently, we witnessed depression at the realisation […]

English European Crisis Greek Crisis Uncategorized

Hour long radio interview (91.5FM WNYE New York) on the eurozone crisis and the Modest Proposal

Hour long radio interview (91.5FM WNYE New York, broadcasting across NY, NJ, CT, and PA) in which I discussed the euro crisis, explained  why eurobonds are essential as long as they are not guaranteed by the eurozone’s member-states, and argued in favour of the continuing appeal of the Modest Proposal (click here for the Levy Institute […]

English European Crisis Uncategorized

To the Finland Station: The undoing of the Menshevik Approach to the Euro Crisis

When Lenin alighted on 3rd April 1917 at Petrograd’s Finland Station, a train was set in motion that upstaged, and eventually overturned, the Mensheviks’ plan for an ‘evolutionary’ path from absolute Tsarism to some form of social democracy. Ironically, it took a Finnish social democrat (newly elected finance minister Jutta Urpilainen) to derail once and […]