English European Crisis Uncategorized

What the ECB ought to be doing now so as to end the Crisis without Treaty changes, debt buybacks, haircuts or fiscal transfers

In reply to the “Critique on the Modest Proposal” by Andreas Koutras[1] If you think that the Euro-17 Treaty change agreed yesterday will help overcome the eurozone’s Crisis, read no further. If, however, you think that the solution lies not in Treaty changes, but requires other means, including an active role to be played by […]

English European Crisis Guest Post Uncategorized

The essence of the New Eurozone, as envisaged by the latest Treaty Change. Guest post by Joseph Halevi

My good friend, co-author and interlocutor extraordinaire, Joseph Halevi, spends half the year in a small town on the shores of an Italian lake. Upon hearing of the latest Treaty changes to which the euro 17 nations agreed today, he sent me the following message. I can think of no better or more analytically  astute […]

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 […]