Three years ago, today, the people of Greece staged a rebellion against their debt bondage. Though this rebellion was overthrown from within almost immediately, it remains a remarkable testimony to the power of a people to say No to the oligarchy, to wrestle control of the narrative of their circumstances from the inanely authoritarian elites, […]
Greek Crisis
Complete text of my interview with Corriere Della Sera’s Aldo Cazzullo (in English)
Corriere Della Sera, the Italian daily, published today an interview that I gave to Aldo Cazzullo. For the published version (in Italian of course), you can visit the paper’s site here. However, the published text is a heavily reduced version of the exchange between Mr Cazzullo and myself. For those interested in the full exchange, see […]
The Open Letter sent to me in 2015 by Paolo Savona & Giulio Tremonti, two former Italian ministers, on reforms to the EU that they considered necessary
Rome, July 24, 2015 To Yanis Varoufakis and Dominique Strauss-Khan Dear Yanis, dear Dominique, There is a place on earth that represents Europe’s very roots: Greece. Let us begin there. Athens, April 28, 1955. Albert Camus’ conference on “The future of Europe”.[1] On this occasion, participants agreed that the structural characteristics of European civilization are essentially […]
Want to know why the recent ECB stress tests of the Greek banks had to be fraudulent? – Video interview on TheStreet
To watch the video click on the photo above or click here.
MANIFESTO of MeRA25 – the new party set up by DiEM25 in Greece to revive the spirit of the Greek Spring
The state of permanent debt bondage, which threatens Greece with desertification, is in the mind of every Greek. Imposing emigration on our young, and indignity to those who stay behind, it hangs over the country like a thick, dark cloud. Unable to discern any light in the long night of our Great Depression, the Greeks’ […]
Hans Werner Sinn: Varoufakis acted very prudently and wisely to defend Greek interests
Perhaps the best known and respected conservative German economist, Hans-Werner Sinn (Munich University and for many years Chair of Ifo Institute), had this to say in reaction to the claims of various troika officials that I cost Greece billions of euros: “Yanis Varoufakis has acted very prudently and wisely to defend Greek interests… Arguing, […]
“Greece was strangled by the creditors in 2015. We stand with Yanis Varoufakis and with the truth.” Professors Jeff Sachs (Columbia) and James K. Galbraith (Texas)
Thomas Wieser’s claim that Yanis Varoufakis and the Greek government of 2015 cost their economy 200 billion euros is ludicrous. As Wieser knows – because he was one of the architects of the policy – the Greek economy in 2015 was strangled by its creditors. The creditors inflicted severe damage from the first day: by […]
How Europe’s Band-Aid Ensures Greece’s Debt Bondage – Project Syndicate op-ed, 26 FEB 2018
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 […]
‘Adults in the Room’ and ‘And the Weak Suffer What They Must?’ reviewed by B. Baumer for the INDYPENDENT
Along with French economist Thomas Piketty, former Greek finance minister Yanis Varoufakis is making economics sexy again. Journalists enjoyed snapping photos of Varoufakis, clad in a black leather coat, commuting to the finance ministry’s offices on his Yamaha motorcycle. But his short tenure in the Greek government was marked by clashes with the country’s […]