Democratise the Euro! English European Crisis Greek Crisis Op-ed Politics and Economics Project Syndicate Uncategorized

How the ‘Troika Effect’ was dubbed the ‘Varoufakis Effect’ – Project Syndicate Op-Ed and beyond

As part of an impressive campaign to discredit the Athens Spring, and those of us who continue to honour and propagate its spirit, a cabal of journalists and ‘analysts’ have joined forces to depict me as the “destroyer of the Greek economy.” The purpose? To demonise the Greek people’s audacity to elect us with a […]

Democratise the Euro! English European Crisis Media Op-ed Project Syndicate Uncategorized

Schäuble’s Gathering Storm – my Project Syndicate op-ed

ATHENS – Europe’s crisis is poised to enter its most dangerous phase. After forcing Greece to accept another “extend-and-pretend” bailout agreement, fresh battle lines are being drawn. And, with the refugee influx exposing the damage caused by divergent economic prospects and sky-high youth unemployment in Europe’s periphery, the ramifications are ominous, as recent statements by […]

English European Crisis Greek Crisis Media Op-ed The Guardian Uncategorized

Tsipras' triumph vs the impossible task of implementing a program designed to fail – in The Guardian

Alexis Tsipras has snatched resounding victory from the jaws of July’s humiliating surrender to the troika of Greece’s lenders. Defying opposition parties, opinion pollsters and critics within his ranks (including this writer), he held on to government with a reduced, albeit workable, majority. The question is whether he can combine remaining in office with being […]

English European Crisis Media Op-ed The New York Times

HOW EUROPE CRUSHED GREECE – Yanis Varoufakis' op-ed in the NYT

ATHENS — Since the beginning of Greece’s financial crisis in 2010, two prime ministers have been swept from office after they were forced to adopt an unfeasible package of austerity measures in exchange for a bailout from the troika, as the eurozone authorities — the European Commission, the European Central Bank and the International Monetary […]

Asia Democratise the Euro! English European Crisis Media Op-ed Politics and Economics Project Syndicate Uncategorized

Democratizing the Eurozone – a Project-Syndicate op-ed

ATHENS – Like Macbeth, policymakers tend to commit new sins to cover up their old misdemeanors. And political systems prove their worth by how quickly they put an end to their officials’ serial, mutually reinforcing, policy mistakes. Judged by this standard, the eurozone, comprising 19 established democracies, lags behind the largest non-democratic economy in the […]

Asia English European Crisis Greek Crisis Guest Post Op-ed South America Uncategorized

Death by Debt: My Response to The German Finance Ministry, by Jeffrey Sachs

Dr. Ludger Schuknecht, senior economist at the Germany Finance Ministry, explains his ministry’s viewpoint regarding Greece. This viewpoint essentially holds that Eurozone countries should live within their means; adjust to their debt burdens; and take their reform medicine as needed. If they do so, they will be successful, as illustrated by Ireland, Spain, and Portugal. Greece […]