ATHENS – Greece’s never-ending public-debt saga has come to signify the European Union’s inept handling of its inevitable eurozone crisis. Eight years after its bankruptcy, the Greek state’s persistent insolvency remains an embarrassment for Europe’s officialdom. That seems to be why, after having declared the euro crisis over in the rest of Europe, the authorities […]
How might opposing schools of economic thought – from neoclassical and Keynesian to Libertarian and Marxist, view Christmas presents? Levity aside, the answer reveals the pompousness and vacuity of each and every economic theory. ATHENS – To welcome the New Year with a cheeky take on the clash of economic ideologies, how might opposing camps’ representatives […]
ATHENS – The Anglosphere’s political atmosphere is thick with bourgeois outrage. In the United States, the so-called liberal establishment is convinced it was robbed by an insurgency of “deplorables” weaponized by Vladimir Putin’s hackers and Facebook’s sinister inner workings. In Britain, too, an incensed bourgeoisie are pinching themselves that support for leaving the European Union […]
Oct 31, 2017 YANIS VAROUFAKIS , GEORGE TYRIKOS-ERGAS In September alone, another 2,238 refugees arrived in Lesbos, despite Turkey’s attempts to cut the flow. A camp designed for 2,000 people now “houses” three times that number, behind rows of barbed wire, in a magma of mud, refuse, and human excrement. ATHENS – In 2015, hundreds of thousands of […]
With President Xi Jinping’s signature ‘Belt and Road’ initiative gaining momentum, more countries will be negotiating with China for inward investment in infrastructure. Yanis Varoufakis, the former Greek Finance Minister, says that his own experience was highly encouraging. Greece and China, two ancient civilizations, two countries whose peoples have had a long experience and quite […]
The Catalonia crisis is a strong hint from history that Europe needs to develop a new type of sovereignty, one that strengthens cities and regions, dissolves national particularism, and upholds democratic norms. Imagining a pan-European democracy is the prerequisite for imagining a Europe worth saving. ATHENS – To revive the ailing European project, the ugly […]
Yanis Varoufakis discusses how to negotiate with the EU and his proposal to introduce fiscal money with Anatole Kaletsky, Co-Chairman of Gavekal Draganomics, David Alandete, Managing Editor of El Pais, and Torsten Riecke, Handelsblatt’s international correspondent.
ATHENS – Western capitalism has few sacred cows left. It is time to question one of them: the independence of central banks from elected governments. The rationale for entrusting monetary policy fully to central banks is well understood: politicians, overly tempted during the electoral cycle to create more money, pose a threat to economic stability. […]