For the original source, at Prospect Magazine, click here
Click here for the original Politico site, or read on…
Sen. Bernie Sanders (I-Vt.) attacked the International Monetary Fund and European authorities on Wednesday for imposing what he called excessive austerity measures on Greece in negotiations over the country’s debt payments. [Click here for the Huffington Post site, or read on]
ATHENS – On September 6, 1946 US Secretary of State James F. Byrnes traveled to Stuttgart to deliver his historic “Speech of Hope.” Byrnes’ address marked America’s post-war change of heart vis-à-vis Germany and gave a fallen nation a chance to imagine recovery, growth, and a return to normalcy. Seven decades later, it is my […]
For the Project Syndicate page click here. ATHENS – Three months of negotiations between the Greek government and our European and international partners have brought about much convergence on the steps needed to overcome years of economic crisis and to bring about sustained recovery in Greece. But they have not yet produced a deal. Why? […]
Jan 20th 2015, 14:10 BY YANIS VAROUFAKIS | UNIVERSITY OF ATHENS Yanis Varoufakis is a professor of economic theory at the University of Athens and Syriza parliamentary candidate in the general election on 25th January. In November he outlined a plan to revive the euro-zone economy. Here he discusses quantitative easing in the euro zone.
In this powerful, balanced article, published today in conservative UK daily THE TELEGRAPH, Ambrose Evans-Pritchard makes important points on Greece and a prospective SYRIZA administration: Events have rudely exposed the illusion that the Greek people will submit quietly to a decade of colonial treatment and debt servitude… Greece was sacrificed to buy time for the alliance, […]
In an article entitled “ECB should fire up its helicopters“, Clive Crook comments positively on this proposal for QE by the ECB taking the form of massive purchases of EIB bonds. The article also surveys other important ideas that would, if the political will were to be found, be helpful in the fight against misanthropic, unnecessary, stagnation. […]
Regular readers need no introduction to Stuart Holland; co-author of The Modest Proposal, former British MP and aid to Jacques Delors, responsible for starting the conversation about the Eurozone’s need for eurobonds (in… 1993), creator of the European Investment Fund and a staunch advocate of the need to turn the European Investment Bank into the […]
The Economist kindly invited me to contribute an op-ed to a ’roundtable’ on what form Quantitative Easing should take place in Europe. For The Economist’s site click here. Or read on…
[This post was later published by Open Democracy] Behind the European Union’s official ‘line’ that the worst of the Euro Crisis is behind us, a flurry of proposals for institutional changes reveal a deep-seated anxiety about the Eurozone. Indeed, in recent weeks, even the German finance minister, Mr Wolfgang Schäuble, went public with an op-ed […]
FRIENDS OF EUROPE, an official publication of the EU, kindly commissioned me to write a short article on the State of the Union after the European Parliament elections, in the run up to the magazine’s 9th October conference of the same theme. You can read the article on the FoE’s website or just continue below
In this podcast you can hear my discussion with Phillip Adams, on ABC Radio National Late Night Live, on fiscal austerity and its discontents. The backdrop for this interview was, naturally, the Australian Federal Government’s attempts to ‘sell’ its latest Austerity Budget to the Australian people. (Click also here for my OpEd on ‘Austerity comes to Australia’, […]
Austerity was never about tackling public debt. It was not even a political campaign to end the ‘culture of entitlement’. In the UK, in the Eurozone, and now in Australia, austerity is, and always was, a thinly disguised campaign of invoking fiscal prudence and public virtues in order to indulge private vices and so as to redistribute entitlements at the expense of the majority.
by JAMES GALBRAITH and YANIS VAROUFAKIS Proposals for resolving the Eurozone crisis, and re-designing its architecture, are multiplying – especially as evidence mounts that the crisis is continuing, despite all the official announcements of its end. Our Modest Proposal was the first to have been tabled, along with Breugel’s Blue Bond Proposal, back in 2010. In this review article, J.K. […]