A New Deal for Greece – a Project Syndicate Op-Ed

Photo of Yanis VaroufakisFor the Project Syndicate page click here.

ATHENS – Three months of negotiations between the Greek government and our European and international partners have brought about much convergence on the steps needed to overcome years of economic crisis and to bring about sustained recovery in Greece. But they have not yet produced a deal. Why? What steps are needed to produce a viable, mutually agreed reform agenda? Continue reading

Talking to my daughter about the economy – Preface to the German edition

talking to my daughter about the economyLast summer (an aeon it seems before my recent sojourn into politics&government) I spent ten days writing a short book in Greek on economics. The idea was to write it as if it were addressed to my young daughter, so as to keep complex ideas simple and to test my capacity to home in on what matters while discarding unnecessary complication. Now, a German edition of that book is about to be published and I was asked to author a preface for my German readers. Here is the result:
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Varoufakis and Tsakalotos on the Eurozone institutions and bank bailouts – INET-OECD April 9th 2015

Two SYRIZA ministers for the price of one! Here you can find audio of our talks at the INET-OECD 9th April conference on the subject of ‘Eurozone institutions during the bank bailout negotiations’.

Yanis Varoufakis’ talk below

Euclid Tsakalotos talk below

Presenting an agenda for Europe at AMBROSETTI (Lake Como, 14th March 2015)


Dear All, Ministerial duties have impeded my blogging of late. I am now breaking the silence since I have just given a talk that combines my previous work with my current endeavours. Here is the text of the talk I gave this morning at the Ambrosetti Conference on the theme of ‘An Agenda for Europe’. Long time readers will recognise the main theme – evidence of a certain continuity… Continue reading

A question of respect (or lack thereof)… – the Greek veto over Russia that never was

On the first day in our ministries, the power of the media to distort hit me again. The world’s press was full of reports on how the SYRIZA government’s first foreign policy ‘move’ was to veto fresh sanctions on Russia. Now, I am not qualified to speak on foreign affairs but, nonetheless, I must share this with you at a personal level. Our Foreign Minister, Nikos Kotzias, briefed us that on his first day at the job he heard in the news bulletins that the EU had approved new sanctions on Russia unanimously. The problem was that he, and the new Greek government, were never asked! So, clearly, the issue was not whether our new government agrees or not with fresh sanctions on Russia. The issue is whether our view can be taken for granted without even being told of what it is! From my perspective, even though (let me state it again) I am certainly not qualified to speak on foreign affairs, this is all about a question of respect for our national sovereignty. Could journalists the world over try to draw this important distinction between protesting our being neglected from protesting the sanctions themselves? Or is this too complicated?

Finance Ministry slows blogging down but ends it not

The time to put up or shut up has, I have been told, arrived. My plan is to defy such advice. To continue blogging here even though it is normally considered irresponsible for a Finance Minister to indulge in such crass forms of communication. Naturally, my blog posts will become more infrequent and shorter. But I do hope they compensate with juicier views, comments and insights.

For hope to be revived we must all strive to change the ways of a dismal past. Maintaining an open line with the outside world may be a small step in that direction.

So, keep watching this space!

Heard the news? Greece’s finance minister is no extremist – THE TELEGRAPH

Yanis Varoufakis: Greece’s future finance minister is no extremist

The man touted as frontunner to be Syriza’s finance minister is not the socialist firebrand which one might expect

Syriza, a hard left party, that outrightly rejects EU-imposed austerity, has given Greek politics its greatest electoral shake-up in at least 40 years.

You might expect the frontrunner for the role of finance minister to be a radical zealot, who could throw Greece into the fire.

Of Loss and Retrieval – latest and last article in WdW Review

Photo of an unknown boy, which we can imagine to have been Kostas, who went missing in 1992 during the evacuation of ethnic Greek refugees from Smyrna.<br /><br /><br />
Image courtesy of Red Cross Archive, Greece.Photo of an unknown boy, which we can imagine to have been Kostas, who went missing in 1992 during the evacuation of ethnic Greek refugees from Smyrna. Image courtesy of Red Cross Archive, Greece.

Yesterday Greek democracy raged against the dying of the light. Europe and the World should join us

Today, the people of Greece gave a vote of confidence to hope. They used the ballot box, in this splendid celebration of democracy, to put an end to a self-reinforcing crisis that produces indignity in Greece and feeds Europe’s darkest forces.

The people of Greece today sent a message of solidarity to the North, to the South, to the East and to the West of our continent. The simple message is that the time for crisis-denial, retribution and finger-pointing is over. That the time for the reinvigoration of the ideals of freedom, rationality, democratic process and justice has come in the continent that invented them.

Greek democracy today chose to stop going gently into the night.

Greek democracy resolved to rage against the dying of the light.

Fresh from receiving our democratic mandate, we call upon the people of Europe and, indeed, the world over, to join us in a realm of shared, sustainable prosperity.

On the consequences of Mr Draghi’s impending QE announcement – in THE ECONOMIST

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«La Grèce peut forcer l’Europe à changer» – La Tribune

INTERVIEWYannis Varoufakis Syriza's candidate for the elections of January 25 in Greece.
Yanis Varoufakis is a candidate for Syriza to the 25 January elections in Greece. (Credit: Reuters)
Interview by Romaric Godin, Athens  | 01/20/2015, 1:16 p.m. – 2597 words
Yanis Varoufakis, economist and author of “Minotaur Planetary” is a candidate for the party of the radical left Syriza in the elections of January 25. He explains his commitment and would have meaning for Europe led a victory of party
by Alexis Tsipras.

 

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On the ECB’s latest contradiction (and how it helps Greece) 

Screen Shot 2015-01-15 at 2.08.26 AMThere is little doubt that the OMT program has been Mr Mario Draghi’s (the European Central Bank’s dexterous-yet-severely-constrained President) greatest success story. In the summer of 2012 the euro was on the brink. Mr Draghi’s announcement of an intention to buy unlimited quantities of sovereign debt (Italian in particular) to stem the contagion in the bond markets sufficed: the run on the Periphery’s bonds ended even though Mr Draghi did not buy a single bond. Continue reading