1- Will Greece be "seen out" of the euro during the year, or is a compromise still possible in the euro framework? A workable compromise is certainly possible and there is no need for Greece to exit the euro. Only Greece needs a government that is genuinely committed to negotiating and drawing lines in the [...] , 09/12/2014
Prompted by this critical review article of Professor Thomas Piketty’s Capitalism in the 21st Century, which I recently published in Real World Economics Review, Andrew Mazzone (of the Henry George School Social Science) kindly interviewed me on the subject of inequality and Professor Piketty’s book.
Click the image above to watch a 60′ keynote on Money, and its Aesthetics, after the Gold Standard, following by a presentation by Danae Stratou of her remarkable installation ‘It’s Time to Open the Black Boxes’ – click here for a full description (and pictures and video) of that work.
This talk was delivered to the PhD Colloquium of the LBJ School of Public Affairs, on 6th November 2014. It was based on this article and is part of my research for my next book EUROPE UNHINGED: The next phase of the global crisis.
The Economist kindly invited me to contribute an op-ed to a ’roundtable’ on what form Quantitative Easing should take place in Europe. For The Economist’s site click here. Or read on…
In this fascinating interview, published in Corriere della Sera on 29th October 2014 and reproduced here in English, Professor Giuseppe Guarino, a former finance minister of Italy, argues that the Fiscal Compact never had a legal leg to stand on. Additionally, he also claims that, legally, the 3% deficit limit (in the Maastricht and later the […]
On 30th October I was invited to address a meeting of German, Austrian and Swiss pension fund managers on how they should make sense of the Eurozone’s current state of play. In this keynote (click below for the audio and the accompanying slides) I present an explanation of the causes underlying the impossible dilemmas pension fund […]
Greek bonds and shares: What does their decline mean for Europe? – Interview with Jorge Nascimento Rodrigues for EXPRESSO
The spectre of Greek contagion seems to be returning to the Eurozone. At least this is the fear that I sense by talking to financial journalists across Europe. In this interview with Jorge Nascimento Rodrigues (for EXPRESSO) I argue that: “The Euro Crisis never went away. What happened was that Mr Draghi’s skillful interventions in the […]
In this interview, with Deutsche Wirtschafts Nachtrichten (German Business News), I address the question of what happened in recent days in the Greek bond markets, in view of the Greek government’s failed attempt to argue that Greece is about to exit its Bailout. Regular readers may notice that I am merely repeating what I was saying […]
As elections begin to loom in Greece, an extraordinary propaganda drive has commenced. Its purpose? To impress upon the world (with a view to swaying Greek pubic opinion) that Greece is out of the woods; that Greek public debt is (miraculously) sustainable, that the banks are back on track, that investment is beginning to flow […]
As Europe seems resigned to the perpetuation of the Euro Crisis, with its authorities in a state of permanent paralysis (with only the ECB trying, and failing, to stem the debt-deflationary vortex), it seems more pertinent than ever to keep the debate on the Modest Proposal going. If only as a reminder to the powers-that-be that there are immediately […]
The Global and European Crisis revisited: An audio from the launch of the Global Minotaur in Finland
On 25th August, I had the honour of presenting the Finnish edition of The Global Minotaur to a splendid, and welcoming, audience at the University of Tampere. In this post you can listen to an interesting exchange on the state of the global and European economy, why Finns (along with citizens of other European ‘surplus’ member-states […]
Is Mr Draghi’s ‘turn’ significant? Is Germany ‘turning’? Can Europe escape its ‘iron cage’? Plus, on the Scottish currency plans – on Boom-Bust RT-tv
[Jump to 3’20”] Erin Ade, RT’s Boom-Bust presenter, interviewed me yesterday on the state of Europe. We talked about the significance of Mr Draghi’s recent ‘intervention’, on whether Germany is about to change course, touched upon my article “Can Europe be saved without turning into an iron cage?” and briefly delved into Scotland’s proposal for a […]
Here is a 25 minute radio interview on KPFA Radio (Berkeley CA) on the Scottish Independence question that will be decided by Scottish voters on 18th September. (Click here and jump to 32’50” for the interview). The points raised are further supported by two previous posts: (a) Scotland Must Be Braver! and (b) If Scotland, why […]
In this podcast you can hear my discussion with Phillip Adams, on ABC Radio National Late Night Live, on fiscal austerity and its discontents. The backdrop for this interview was, naturally, the Australian Federal Government’s attempts to ‘sell’ its latest Austerity Budget to the Australian people. (Click also here for my OpEd on ‘Austerity comes to Australia’, […]
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.
In this Q&A with a Greek journalist, on the occasion of the launch of the Greek translation of the Modest Proposal, James K. Galbraith argues that Italy and Greece can play an important role in changing the terms of the European ‘conversation’, so that rational, minimalist solutions like the Modest Proposal can have a chance […]
László Andor, European Commissioner for Employment, Social Affairs and Inclusion, has recently given a speech (at the Hertie School of Governance, Berlin, 13 June 2014) entitled Social dimension of the Economic and Monetary Union: What lessons to draw from the European elections? It is a good speech, well worth reading carefully, that outlines a proposal for a federal-like Eurozone-wide unemployment […]
Le Monde featured this piece on my research of social economies that emerge in video game communities. Readers may profit from reading the Reason interview on which it was based – and this recent keynote I delivered at the 2014 CFA Institute’s Conference in Seattle. Ce que les jeux vidéo nous apprennent de l’économie