English European Crisis Uncategorized

Abandoning a sinking ship? A plan for leaving the euro

As regulars of this blog know, I am of the view that the eurozone’s collapse will be a harbinger of a postmodern 1930s. While virulently opposed to the eurozone’s creation, in its time of crisis I have been campaigning for saving the euro. Of course, as Alain Parguez wrote aptly here, it is impossible to […]

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

A sadly apt poem for Europe's current course…

Who is in charge of the clattering train The axles creak and the couplings strain The pace is hot and the points are near Sleep has deadened the driver’s ear And the signals flash in the night in vain For Death is in charge of the clattering train. [From an old, yellowing copy of Punch […]

English European Crisis Politics and Economics Uncategorized

End the European Blame Game! Keynote at the British Foreign Press Association's 2011 Awards Night

The Foreign Press Association, London, paid me the compliment of inviting me to deliver a keynote speech at its 2011 Annual Awards Night. Here is the text of my talk (kindly transcribed by a journalist that wishes to remain anonymous).

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 […]

English European Crisis Greek Crisis Uncategorized

On the Brussels' Agreement: Europe's Reverse Alchemy in full throttle

The official unveiling of a systemic crisis One knows that there is something rotten in the world economy when the fate of a Greek PM makes headlines all over the world and for a whole week. Greece is not, and ought not to be, that important. But Italy is. And so is, from a global […]

Debate English European Crisis Greek Crisis Interviews Media Uncategorized Video

The Euro, Greece, the World Economy: Part B, a debate with Colin Bradford and Mattias Matthijs. (Canadian Public TV)

Here comes the second part of my hour long interview-debate on the Crisis. Not only did Steve Paikin prove an excellent, well read, internviewer but, to boot, I had the pleasure and honour of debating, in the program’s second part, with Colin Bradford (Brookings Institute and Project Leader of Brookings-CIGI Global Governance Reform Project) and Mattias […]

English European Crisis Greek Crisis Interviews Media Politics and Economics Uncategorized Video

The Euro, Greece, the World Economy: Part A of an hour long interview on 'The Agenda' with Steve Paikin (Canadian Public TV)

The Agenda with Steve Paikin, an in-depth current affairs program on Canadian public TV, kindly afforded me an hour long interview on all aspects of the Crisis (Greece, euro, global). 

English European Crisis Greek Crisis The Global Minotaur: A theory of the Global Crisis Uncategorized

The Global Minotaur: Book launch at the University of Columbia, today – with Alan Beattie, Justin Fox and Mark Mazower

An event-discussion on my new book will take place today at Columbia University under the title: The Global Minotaur: The Crash of 2008 and the Euro-Zone Crisis in Historical Perspective. The meeting has been organised by Professor Mark Mazower, Director of the Heyman Center at Columbia, who will chair the proceedings. Alongside him, I shall be [...]