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On BSkyB commenting on the troika's latest assault on Greek labour

, 05/09/2012

You may have seen the leaked letter (see below for its contents and also read the Guardian’s report on the matter), authored by the troika and sent to the hapless Quisling-like Greek government. In this interview I was given a brief ‘window’ of an opportunity to discuss its contents and general ‘philosophy’.

Radio Exarcheia: A collaborative art project, opening this week in Melbourne, Australia

, 02/09/2012

Just received from Tom Nicholson, an excellent Melbourne-based artist, the following brief on a collaborative art project that touches upon the Greek economic crisis in a manner that acts as an apt reminder of the unique capacity that art has to cast the worst aspects of the human condition in fresh and insightful light. The […]

Punishment or Aid? Holland’s TROUW newspaper sets up a debate between myself and Hans Werner Sinn

, 17/08/2012

You may recall the mental experiment that I suggested for working out the true, underlying mood towards Greece (and the rest of the Periphery). Now TROUW has published that piece, in translation of course, and has juxtaposed against Hans Werner Sinn’s take (which comes as close to confirming, in my biased eyes, the point I […]

23 crucial days for Greece

, 28/07/2012

On 20th August, the Greek government will have to borrow 3.2 billion from one arm of the Eurozone (from the EFSF) in order to repay another (the ECB). Yet Greece is insolvent. The very idea of an insolvent entity borrowing more from a community, like the Eurozone, in order to repay that same community is […]

What the EIB makes the ECB unmakes: The latest from the Greek front

, 22/07/2012

“We just showed that good news is possible in Greece”, said a beaming Greek minister the other day when it was announced that the European Investment Bank (EIB) was about to start funding investments in Greece again, after it withdrew toward the end of 2011 (in fear of losing its triple-A rating by associating itself […]

Bankruptocracy in the Greek Sector of Bailoutistan: The aftermath of the Reuters Report on Piraeus Bank

, 18/07/2012

You may have read the shocking story by Reuters on the ponzi scheme three (or more) Greek banks concocted in order to seem to raise more capital, without diluting the bankers’ stake in ‘their’ bankrupt banks. I have nothing to add to this excellent report by the folks at Reuters (except perhaps to suggest that […]

Open letter to a good friend and colleague (who happened to become Greece’s Finance Minister yesterday…)

, 27/06/2012

Dear Yanni, On the one hand I am writing to congratulate you. And on the other to express my disdain towards those who handed my friend the good ship’s wheel after the vessel has struck the iceberg. Utterly familiar with your effervescent optimism, I know you mean it when you declare confidence in Greece’s capacity […]

Greece is ungovernable (while the euro's derailment continues): On ABC tv 7.30 Report

, 26/06/2012

Following the latest Greek election, I was interviewed on the ABC’s 7.30 Report. In the interview (which you can watch here), I presented a gloomy, yet realistic, view that it really matters little now what happens in Greece. “Greece is finished”, I argued, as long as the derailment of Europe’s euro-system is proceeding unhindered. Read […]

And the Good Ship Greece Sails On: ‘Letter’ to an italian colleague

, 24/06/2012

A few weeks ago I was approached by Andrea Adriatico, a theatre director from Bologna’s Teatri Di Vita with an interesting request: Could I write a ‘letter’ to some fictional Italian economics professor, outlining on a colleague-to-colleague basis, the Greek ‘situation’ as it is experienced by a Greek economics professor. That letter would then be read […]

My duel with Deutsche Bank exec, Wolfgang Nowak (on CBC Radio)

, 21/06/2012

Here is my reply to Wolfgang Nowak, Deutsche Bank executive and former Merkel advisor, telling CBC that Greece should be thrown out of the Eurozone.  Click here for Mr Nowak’s audio 

A technical failure foretold? My interrupted BBC TV interview on the… BBC's bias

, 20/06/2012

You may recall that on Greek election day I issued a missive to the BBC, suggesting that they recover forthwith the journalistic standards which they seemed to have dropped in the run up to the Greek election. That missive, might I add, came from a long standing friend and contributor to the BBC. Indeed, I […]

We don’t need more time to hang ourselves – on CNN Int's Amanpour show, last night

, 20/06/2012

Click here for a brief clip and CNN’s own blog on this interview.  (CNN) – In the aftermath of its most recent election, will Greece remain in the eurozone, and will a pro-bailout government begin a recovery? Yanis Varoufakis, Professor of Economics at the University of Athens doesn’t think so: “Even if God, his angels and every […]

The Greek Election as a manifestation of Europe’s Hobbesian Moment

, 19/06/2012

The frenzy of reporting the Greek election is coming to a close. The world is now, quite understandably, swivelling its antennae toward Spain, Italy, Mexico and the G20. It is, therefore, a good moment to take stock of the main lesson the Greek crisis’ recent twist should teach a wary world: Beware of free riders […]

Interviewed by Robert Wright on the Euro Crisis

, 18/06/2012

Extensive interview with Robert Wright (author of The Evolution of God, Nonzero) on the Euro and Greek Crisis – for bloggingheads.tv. Click here.

Greek Election Result: An assessment

, 18/06/2012

Greek voters gave their contradictory verdict: While 55% voted for parties that stood explicitly against the ‘bailout’ terms and conditions, a pro-’bailout’ government is about to be formed – such is the nature of Greece’s electoral system (which rewards the largest party with a bonus of 50 additional MPs in the 300 seat chamber). The […]

Message to the BBC and assorted international media on this Greek Election Day: Try to recover your journalistic principles even at the eleventh hour!

, 17/06/2012

Over the past 48 hours, as Greek voters are mulling over their options prior to entering the polling stations, the international media have indulged in a frenzy of disinformation and scaremongering. Gone is the nuanced reporting of the BBC, nowhere to be seen the critical approach to the Euro Crisis that the rest of the […]

Greece’s Choice: Bargaining versus pleading (a piece to appear in the Huffington Post)

, 15/06/2012

This piece was prepared for the french version of Huffington Post and was also published in English by The Conversation When two sides bargain, their interaction reflects a potential mutual benefit but also a measure of conflict. For instance, when a firm and its supplier reach a deal, there is often more than one price […]

Solidarity Euro-Style: Finnish loans, ECB bond purchases, EFSF tough love and assorted horror stories from the postmodern Euro-Workhouse

, 07/06/2012

The world seems convinced that Europe, perhaps under duress, put together a large Solidarity Fund (the EFSF) for the purposes of helping the fiscally-stricken Eurozone member-states avoid bankruptcy once they were frozen out of the money markets. The criticisms waged at this type of ‘solidarity’ centred on two issues: First, that the Fund’s size was […]

Discussing SYRIZA with Die Zeit

, 06/06/2012

Syriza handelt verantwortungsvoll Der deutsche Steuerzahler solle sich über die radikale Linke in Griechenland freuen, sagt der Ökonom Yanis Varoufakis im Interview. Das Land sei nicht reformunwillig. ZEIT ONLINE:  Herr Varoufakis, die Griechen wollen mehrheitlich den Euro behalten, wählen aber mit Syriza und ihrem Spitzenkandidaten Alexis Tsipraseine Partei, deren Pläne zu einem Austritt aus der Währungsunion führen könnten . […]

Why Europe should fear Fine Gael-like ‘reasonableness’ much, much more than it fears Syriza

, 03/06/2012

The establishment view in Europe is that the problem is too much debt (by profligate countries like Greece) and, therefore, that the solution must involve (a) austerity and (b) structural reforms (which increase the competitiveness of the weaker states). The problem, however, is that the establishment view is profoundly mistaken and, as a result, the […]

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