Search Results for: A simple and boring common bond
A simple and boring common bond
, 17/11/2011
On Europe’s last chance, Wolgang Munchhau’s error and the urgent need for ECB-bonds: Our euro-chickens are coming home to roost. Europe has only one last chance to reverse the eurozone’s disintegration: It must issue a new form of euro-denominated bond which will: (a) arrest the ‘popcorn effect’ (a much better term than the domino effect) that […]
What is money, really? And why Bitcoin is not the answer (even if blockchain is brilliant & potentially helpful in democratising money)
, 02/08/2021
Recently, I argued that a central bank cryptocurrency can be a useful tool in the struggle to democratise money. Such a tool is, of course, not enough. The main task in democratising money is first to democratise the central bank – before deploying useful instruments like a central bank cryptocurrency. As many readers (correctly) pointed […]
2008 and the International New Deal we need for the post-2018 world – OECD Keynote, 14 SEP 2018
, 18/09/2018
2008 marked globalised capitalism’s near death experience. A decade later we have no right to be looking at those events as part of our economic history. The reason? We are still entangled in the crisis that the events of 2008 sparked off. They remain very much at the centre of our present. The […]
THE NATION: Yanis Varoufakis’s vision for a more democratic Europe – a review of ‘Adults in the Room’, ‘Talking to My Daughter About The Economy’ & ‘And the Weak Suffer What They Must?’ by Atossa Araxia Abrahamian
, 15/05/2018
The idea of a unified Europe didn’t always elicit the current mixture of exasperation, boredom, and rage, in politicians and ordinary people alike. In fact, there was a time when the European Union seemed like a great initiative, especially on a continent ravaged first by two hot wars, then broken in half by a cold […]
Internationalism vs Globalisation: Why progressives across Europe and beyond must forge a common internationalist movement – Talk at the Royal Festival Hall, accompanied by Andreas Gursky’s images and Danae Stratou’s ‘The Globalising Wall), 9 APR 2018
, 13/04/2018
Ladies and Gentlemen, my heartfelt thanks for your presence here tonight. Thanks also to the good people at South Bank who honoured me with the humbling idea and invitation to combine my own musings on globalisation with the remarkable images of Andreas Gursky – images which have, over the years, done so much to enlighten […]
Being Greek and an Economist While Greece Burns: An intimate account – MGSA Keynote 2013
, 16/11/2013
(Gonda Van Steen introduced the audience to the MGSA 2013 Conference and Artemis Leontis introduced me. The talk begins at around 10′, when the audio becomes loud and clear) The Modern Greek Studies Association (MGSA) kindly invited me to deliver its 2013 Keynote, at the MGSA biannual Conference held at Indiana University. I grabbed the opportunity […]
Posts in favour (and critical) of the Modest Proposal
, 14/10/2013
For the latest long interview/piece that explains and defends the (most recent version of) Modest Proposal click here. More poignant articles/posts follow below: 25 NOV 2010 What will it take to stop the domino effect on its tracks before it reaches Spain and Italy? 14 DEC 2010 – The Modest Proposal and the Juncker-Tremonti Plan: A comparison […]
Eurobonds that can work now! A critique of the European Commission’s Green Paper on ‘Stability’ Bonds, by Stuart Holland
, 30/11/2011
Today, Stuart Hoilland and I are in Brussels to talk with euro-MPs about our Modest Proposal. My simple brief is to impress upon them that, at the eleventh hour, ECB-bonds are sine qua non for saving the euro-system. We need, in short, a simple and boring common bond that is guaranteed solely by the only […]
EURO CRISIS & EUROPE’s DENIAL
, 14/10/2013
After the 2nd World War, and under the purposeful guidance of the United States, Europe began the process of integration which succeeded in making it possible to imagine a United Europe. For decades Europe’s elites bopped merrily across a sea of self-satisfying myths which nevertheless proved functional to the difficult task of creating the requisite […]
Full transcript of the Yanis Varoufakis | Noam Chomsky NYPL discussion
, 28/06/2016
The full transcript of my discussion with Noam Chomsky at the New York Public Library (26th April 2016) was just sent to me by Kelly Patrick Gerling. I thank him profusely. Here it is, just below the video window April 26, 2016, LIVE from the New York Public Library, www.nypl.org/live, Celeste Bartos Forum YANIS VAROUFAKIS: Good evening, we don’t have anyone […]
Interview with The Economist – full transcript
, 01/04/2016
For The Economist’s site, where this interview with Jeremy Cliffe appeared. click here. YANIS VAROUFAKIS is a Greek economist who served as finance minister in his country’s Syriza government from January to September last year. After this approved the third bailout package, which he described as a surrender, he declined to stand in fresh elections and set about founding DiEM25, […]
Global Banks as exporters of Permanent Credit Crunches to Peripheral Economies: The case of Mexico
, 05/09/2013
The speech below was delivered on 29th August 2013 at ITAM, Mexico City, in the context on a conference on planned financial sector reforms in Mexico; organised by IMEF (the Mexican Institute of Finance Executives), in collaboration with UNIFIM (a confederation of Mexican owned financial institutions). For an audio of my talk click For the text…
What the ECB ought to be doing now so as to end the Crisis without Treaty changes, debt buybacks, haircuts or fiscal transfers
, 10/12/2011
In reply to the “Critique on the Modest Proposal” by Andreas Koutras[1] If you think that the Euro-17 Treaty change agreed yesterday will help overcome the eurozone’s Crisis, read no further. If, however, you think that the solution lies not in Treaty changes, but requires other means, including an active role to be played by […]