Banking Crisis English European Crisis Finance Minister Greek Crisis Papers Uncategorized

The Greek Plan for Growth & Recovery: Two documents the Ministry of Finance tabled in May and June 2015

Now that Greece’s Third Memorandum of Understanding has passed (see here for my annotated version), after the SYRIZA government surrendered on 12th July 2015, it is perhaps of interest to compare the ‘Reform Agenda’ in that agreement with the agenda the Ministry of Finance had presented to the institutions on two occasions, in May and June […]

English European Crisis Greek Crisis Papers Politics and Economics Uncategorized

Greece’s Third MoU (Memorandum of Understading) annotated by Yanis Varoufakis

The Third Greek MoU is now enshrined in Greek Law. Written in troika-speak it is almost impossible to decypher by those not speaking this unappetising language. Click here for the complete MoU text annotated liberally by yours truly – in pdf form. It is best read in conjunction with my annotated version of the EuroSummit Agreement […]

English European Crisis Finance Minister FinMin2015 Greek Crisis Missives from Syntagma Square Papers Uncategorized

IMF backs (ever so peculiarly) the SYRIZA government’s debt assessment

Debt relief ought to be at the centre of negotiations over a New Deal for Greece. That has been our government’s mantra from 26th of January, our first day on the job. Exactly five months later, on 26th of June, the IMF has conceded the point (as evidenced earlier today by the NYT) – on […]

Finance Minister Papers Politics and Economics Talking to my daughter about the economy (book) Uncategorized

Talking to my daughter about the economy – Preface to the German edition

Last summer (an aeon it seems before my recent sojourn into politics&government) I spent ten days writing a short book in Greek on economics. The idea was to write it as if it were addressed to my young daughter, so as to keep complex ideas simple and to test my capacity to home in on […]

And the Weak Suffer What They Must? - the book English History Papers Uncategorized

The euro’s first inkling – a piece in lieu of Best Wishes for 2015

As 2015 is approaching, seemingly pregnant with crucial challenges for Europe, the euro and all those who have to live with it, I could not think of a better seasonal offering for readers of this blog than a suitable extract from my next book. I chose a piece that narrates, and interprets, the story of […]

English Guest Post History Papers Politics and Economics Uncategorized

Public Debt: How the classical economists looked upon it (wonkish) – Guest article by Nicholas Theocarakis

With so much talk about public debt, the so-called debt crisis etc., it is perhaps time to take a close look at the history of the concept; of how public debt was born, on the evolution of its nature and, even more poignantly, of the manner in which economists have interpreted and evaluated its purpose […]

English European Crisis Papers Politics and Economics The Global Minotaur: A theory of the Global Crisis Uncategorized

Preface to the (forthcoming) French edition of THE GLOBAL MINOTAUR

The Global Minotaur: America, Europe and the future of the world economy is about to be published in French, as Le Minotaure Planétaire, by newly established, progressive publishing house LES ÉDITIONS DU CERCLE. Read on for a draft of the Preface I composed for this French edition (which is now added to the German, Spanish, […]

English European Crisis Modest Proposal Papers Politics and Economics Uncategorized

CAN EUROPE ESCAPE ITS CRISIS WITHOUT TURNING INTO AN IRON CAGE?

ON THE MODEST PROPOSAL’S POLITICAL, CONSTITUTIONAL AND ETHICAL DIMENSIONS [Image: Rembrandt’s ‘The Abduction of Europa’] This article is a sequel to an earlier piece entitled ‘Why is Europe not coming together in response to the Euro Crisis?’ and is best read in conjunction with this article (co-authored with James K. Galbraith) that compares our Modest […]

Australia English European Crisis Media Op-ed Papers Politics and Economics The Global Minotaur: A theory of the Global Crisis Various

Austerity comes to Australia – OpEd, WHITE PAPER, ABC Radio National

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.

English Papers The Global Minotaur: A theory of the Global Crisis Uncategorized

Preface to the Finnish edition of the Global Minotaur

Finland, like my homeland, Greece, is a small country at a treacherous geopolitical crossroads that traditionally inspired great anxiety amongst its people, but also instilled into their character considerable resilience. Unlike Greece, from the mid-1990s until fairly recently Finland succeeded in turning itself into a net exporting nation, ostensibly capable of powering its way into […]