The Eurogroup Meeting of 27th June 2015 will not go down as a proud moment in Europe’s history. Ministers turned down the Greek government’s request that the Greek people should be granted a single week during which to deliver a Yes or No answer to the institutions’ proposals – proposals crucial for Greece’s future in the Eurozone. The very idea that a government would consult its people on a problematic proposal put to it by the institutions was treated with incomprehension and often with disdain bordering on contempt. I was even asked: “How do you expect common people to understand such complex issues?”. Indeed, democracy did not have a good day in yesterday’s Eurogroup meeting! But nor did European institutions. After our request was rejected, the Eurogroup President broke with the convention of unanimity (issuing a statement without my consent) and even took the dubious decision to convene a follow up meeting without the Greek minister, ostensibly to discuss the “next steps”.
Can democracy and a monetary union coexist? Or must one give way? This is the pivotal question that the Eurogroup has decided to answer by placing democracy in the too-hard basket. So far, one hopes.
The only antidote to propaganda and malicious ‘leaks’ is transparency. After so much disinformation on my presentation at the Eurogroup of the Greek government’s position, the only response is to post the precise words uttered within. Read them and judge for yourselves whether the Greek government’s proposals constitute a basis for agreement.Continue reading →
Thank you for inviting me. Thank you for being here. Thank you for the warm welcome. Above all thank you for the opportunity to build bridges, to pave common ground, to bring harmony in the face of blatant attempts to sow the seeds of discord between peoples whose historic duty is to come together. Continue reading →
ATHENS – On September 6, 1946 US Secretary of State James F. Byrnes traveled to Stuttgart to deliver his historic “Speech of Hope.” Byrnes’ address marked America’s post-war change of heart vis-à-vis Germany and gave a fallen nation a chance to imagine recovery, growth, and a return to normalcy. Seven decades later, it is my country, Greece, that needs such a chance.
Until Byrnes’ “Speech of Hope,” the Allies were committed to converting “…Germany into a country primarily agricultural and pastoral in character.” That was the express intention of the Morgenthau Plan, devised by US Treasury Secretary Henry Morgenthau Jr. and co-signed by the United States and Britain two years earlier, in September 1944. Continue reading →
It was the 24th of April. The Eurogroup meeting taking place that day in Latvia was of great importance to Greece. It was the last Eurogroup meeting prior to the deadline (30th April) that we had collectively decided upon (back in the 20th February Eurogroup meeting) for an agreement on the set of reforms that Greece would implement so as to unlock, in a timely fashion, the deadlock with our creditors. Continue reading →
Die Zeit, the German good quality newspaper, asked me three questions on Dr Schäuble. I obliged them with the answers that follow. (Predictably, some news outlets went out of their way to distort them. Such is life these days…)
On 7th May 2015 I was invited to deliver a lunchtime keynote speech at the European Business Summit 2015 in Brussels. Belgium’s Deputy Prime Minister and Foreign Minister introduced the talk. Click here for the accompanying powerpoint slides. The text of the talk follows below Continue reading →
As a fan of the BBC, I must say I was appalled by the depths of inaccuracy in the reporting underpinning this interview (not to mention the presenter’s considerable rudeness). Still, and despite the cold wind on that balcony, it was fun!
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.
Interview by Romaric Godin, Athens | 01/20/2015, 1:16 p.m. – 2597 wordsYanis 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 partyby Alexis Tsipras.
There 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 →