Sharing a taxi with the FT to give my view on how Prime Minister Theresa May undermined herself – and on the steps that must be taken next. https://www.ft.com/video/01aef2cb-81b9-4dbb-9f8b-85a0c9559097
Essays
The swallows of the EUROPEAN SPRING are in full flight. If you missed it, watch the launch of our European Parliament election campaign at the Bozar, Brussels
On Monday 25th March, the EUROPEAN SPRING was launched at the Bozar Theatre in front of friends, supporters and hopeful citizens of Europe. For the first time in Europe’s history, a common list of candidates is presented across Europe promoting a single agenda – the NEW DEAL for EUROPE that we worked on together for […]
Why Norway plus gives Britain the time it needs to get out of its Brexit mess – op-ed in The Telegraph
Brexit is, undeniably, important. The Prime Minister’s faulty negotiations have now turned what the majority of the British people considered an opportunity into a national crisis. However, now is perhaps the moment to reflect that, in an era of trade wars, geopolitical realignment and existential threats to our nations’ democracies, Brexit is not as important as we […]
Why the Deutsche Bank merger with Commerzbank must be stopped – HANDELSBLATT (English & German)
The official story is one of creating a national champion, a German bank large enough to compete with American investment banks. The truth is far less heroic and a lot more sordid than that. Here is why Demokratie in Europa is campaigning against this merger. Both banks are zombies. Commerzbank has gone through eight years […]
A Speech of Hope for Britain – The NewStatesman, 20 MAR 2019
The memory of past greatness can be debilitating for a people who feel they have failed to rise to a historic occasion. We Greeks have been burdened by this sensation at various moments in our postwar history: in 1967, when we failed to prevent a military coup; or more recently in 2015, when we allowed […]
Stagnant Capitalism – Financial News & Project Syndicate
When the Great Depression followed the 1929 stock-market crash, almost everyone acknowledged that capitalism was unstable, unreliable, and prone to stagnation. In the decades that followed, however, that perception changed. Capitalism’s post-war revival, and especially the post-Cold War rush to financialised globalisation, resurrected faith in markets’ self-regulating abilities. Today, a long decade after the 2008 […]
Der Grieche erklärt Europa – Der Spiegel
In der Nachspielzeit, die “Tagesthemen” warten schon, darf Christian Lindner noch einmal seinen Tweet zu den “Profis” erläutern, denen die Sache mit dem Klimawandel überlassen werden müsste. Wer schlechte Zähne habe, der gehe ja auch zum Zahnarzt. [VIDEO LINK] Schon freut sich Lindner über seinen späten Punkt, da umdribbelt plötzlich Yanis Varoufakis eine bereits auf glühenden Kohlen sitzende Anne Will und taucht […]
Pour un New Deal européen – Liberation
A l’approche des élections européennes, le Printemps européen, coalition transnationale de partis de gauche, présente un programme social et écologique pour dépasser le clivage entre populistes et libéraux. Avec des propositions concrètes : plan de transition écologique de 500 milliards d’euros annuels, Assemblée constituante, fonds citoyen financé par les Gafa… Yánis Varoufákis pour un New Deal européen Tribune. L’Union européenne se fracture au moment précis où les Européens ont le plus besoin d’elle. […]
A European Spring is possible – The Nation
The 2008 global financial crisis—the modern 1929 crash—set off a vicious chain reaction across Europe. By 2010 it had irreparably damaged the foundations of the eurozone, causing the establishment to bend its own rules and commit crimes against logic in order to bail out its banker friends. By 2013 the neoliberal ideology that had legitimized […]
EU Court defends the ECB’s right to cover up its illegal closure of Greece’s banks
The European Union Court today delivered its verdict: European citizens cannot be allowed to find out whether the ECB acted legally in closing down Greece’s banks in June 2015. Why? In the wording of the three judges, because such disclosure would affect the ECB’s “space to think in 2015 and also after 2015”. If this sounds […]
The European Spring holds the answer to the fragmenting EU’s plight – The Guardian, 11 MAR 2019
The European Union is fragmenting at a time when Europeans need it the most. Emmanuel Macron is right to point this out. But he is wrong to push another top-down agenda that lacks credibility, fails to speak to European’s concerns, and entrenches the democratic deficit at the heart of the EU. By entrusting Europe’s renewal to its […]
Two replies to Piketty’s critique of our New Deal for Europe
Thomas Piketty recently criticised DiEM25’s New Deal for Europe for relying on new debt, rather than new taxes, to fund green investment. James K. Galbraith and Stuart Holland (my long time collaborators on the New Deal for Europe and the earlier Modest Proposal on which it was founded) have now replied to Piketty’s critique (see […]
Our Plan for a European Spring | DiEM25
The 2008 global financial crisis — the modern 1929 crash — set off a vicious chain reaction across Europe. By 2010 it had irreparably damaged the foundations of the eurozone, causing the establishment to bend its own rules and commit crimes against logic in order to bail out its banker friends. By 2013 the neoliberal ideology […]
German political economy’s two naughty sisters in action, once again – George Krimpas guest post
The lean years are here again, to the apparent satisfaction of Germany’s Finance Minister, a Social Democrat. The rate of growth of the budgetary surplus was declining, therefore restraining expenditure was the prudent attitude, the public must rest assured that over the next few years 25 billion euros will be saved, the chance of a […]
Europe’s Leaders Are Aiding Italy’s Populists – Project Syndicate op-ed
The fact that Italy’s public debt has a lower credit rating than private debt is a reflection not of public debt’s intrinsic inferiority but of a political choice made by European leaders. And, by bolstering an authoritarian politician, that choice is now blowing back on them. ATHENS – Italy is now the frontline in the […]