The establishment of this blog coincided with our campaign for a rational resolution of the euro crisis. By we, I mean Stuart Holland and myself. Such a resolution, we felt, was always feasible within the current insititional framework but requires clear vision and political will to implement. Moreover, it can be agreed to by people of different political persuasions since it is founded upon a minimalist, common sense, set of assumptions and policy recommendations.
Yanis Varoufakis and Stuart Holland published the Modest Proposal in November 2010. Since then, it has undergone a number of revisions, in response to the crisis’ evolution. In July 2013 Version 4.0 was published, this time jointly with James K. Galbraith.
by Y. Varoufakis, S. Holland and J.K. Galbraith (July 2013)
TABLE OF CONTENTS (to read only segments click on a heading below)
- The nature of the Euro Crisis
- Political constrains for any solution
- The Modest Proposal – 4 crises, 4 policies
- Conclusion: Four realistic policies to replace five false choices
- For a French translation, with a Preface from former Prime Minister Michel Rocard, click here (and here for an article on it published in Le Monde)
- For a Spanish translation, click here (courtesy of www.sinpermiso.info/).
- For a Greek, much enhanced and revised, version, click here. See also this.
Earlier versions of The Modest Proposal follow:
- The Modest Proposal 1.0 (Original version, November 2010)
- The Modest Proposal 1.1 (Shortened December 2010 version)
- The Modest Proposal 1.2 (A short Greek version)
- The Modest Proposal 1.3 (A short version for the New Year, January 2011)
- The Modest Proposal 2.0 (14th March 2011 version)
- The Modest Proposal 2.1 (24th March 2011 version)
- The Modest Proposal 2.2 (6th April 2011 version) – adopted by the Levy Institute (Bard College) as one of its policy papers (click here)
- The Modest Proposal 3.0 (for a french translation, courtesty of Gilles Raveaud and the Veblen Institute, click here)