DiEM25 English Finance Minister FinMin2015 Greece Greek Crisis MeRA25

“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 […]

DiEM25 English European New Deal Greek Crisis Op-ed Project Syndicate

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 the Weak Suffer What They Must? - the book Books DiEM25 English European Crisis Greek Crisis Review US edition

‘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 […]

Adults in the Room DiEM25 English European Crisis Greek Crisis Interviews Politics and Economics Radio US edition

Discussing ‘Adults in the Room’ on ‘This is Hell!’ – Radio/Audio

The disintegration has already begun: Austerity politics at the end of Europe. Episode 978: Debtor’s Prism After 2008, all you ended up with is functionaries of the deep establishment, minding their own interests, propagating their own careers, looking after their mates in the financial sector, and practicing the fine art of the revolving door – with […]

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Schäuble leaves but Schäuble-ism lives on

Wolfgang Schäuble may heave left the finance ministry but his policy for turning the eurozone into an iron cage of austerity, that is the very antithesis of a democratic federation, lives on. What is remarkable about Dr Schäuble’s tenure was how he invested heavily in maintaining the fragility of the monetary union, rather than eradicating it in order […]

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Insolvent Greece goes to market 2.0

Why do I refuse to be impressed by the news of Greece’s return to the markets? “It is because the Greek state and the Greek banks remain deeply insolvent. And, their return to the money markets is a harbinger of the next terrible phase of Greece’s crisis, rather than a cause for celebration”. The above was […]

Adults in the Room English Greek Crisis Letters The Guardian

Mr Tsipras’ insightful incoherence – my reply in The Guardian, 24th July 20176

In a Guardian interview (24 July), the Greek prime minister, Alexis Tsipras, having admitted to “big mistakes”, was asked if appointing me as his first finance minister was one of them. According to the interviewer, Mr Tsipras said “Varoufakis … was the right choice for an initial strategy of ‘collision politics’, but he dismisses the […]

Adults in the Room English Essays European Crisis FinMin2015 Greece Greek Crisis ΑΠΑΝΤΗΣΕΙΣ Καθημερινή

“I was right about the debt, and you know it!” – My reply to Kathimerini’s latest tirade

  In a recent article entitled “Varoufakis and the 2015 debt talks – behind closed doors”, published on the English language site of Kathimerini, Yannis Paleologos is putting forward an innovative new criticism of my 2015 negotiating stance regarding Greece’s public debt. His criticism’s first leg is standard troika-speak, insisting that by pressing for a […]

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2nd anniversary of the OXI vote & our parallel payments system: Its importance confirmed by the oligarchic press’ continuing, ritualistic distortions

Today, on the anniversary of the stupendous NO with which 62% of Greek voters responded to a third predatory loan ultimatum from Greece’s ‘official’ lenders (the troika: IMF, ECB, EU), Greece’s oligarchic press – in cahoots with the troika itself – is hard at work in its attempt to demonise the people of Greece for having dared […]

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Adults in the Room – reviewed by Adam Tooze (Columbia University)

Reading Varoufakis: Frustrated Strategist of Greek Financial Deterrence (click here for the original site) by Adam Tooze  Adam Tooze holds the Shelby Cullom Davis chair of History at Columbia University and serves as Director of the European Institute. He is currently at work on a history of the global financial crisis 2008-2018, which will appear […]