Schäuble’s Gathering Storm – my Project Syndicate op-ed

Schauble-VaroufakisATHENS – Europe’s crisis is poised to enter its most dangerous phase. After forcing Greece to accept another “extend-and-pretend” bailout agreement, fresh battle lines are being drawn. And, with the refugee influx exposing the damage caused by divergent economic prospects and sky-high youth unemployment in Europe’s periphery, the ramifications are ominous, as recent statements by three European politicians – Italian Prime Minister Matteo Renzi, French Economy Minister Emmanuel Macron, and German Finance Minister Wolfgang Schäuble – have made clear.

Renzi has come close to demolishing, at least rhetorically, the fiscal rules that Germany has defended for so long. In a remarkable act of defiance, he threatened that if the European Commission rejected Italy’s national budget, he would re-submit it without change.

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Barcelona 15th October 2015 – in conversation with Monica Terribas

YV and Monica at the Barcelona talkFOREX NEWS kindly took notes of the main points of my conversation with Monica Terribas at the El Born Cultural Centre in Barcelona. I used their notes as a template for notes that I superimposed – see below. To watch the video of the discussion, click here.

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POLITICO: Interview

Screen Shot 2015-09-23 at 09.40.18VAROUFAKIS TOLD YOU SO

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A message for Mr Renzi

Screen Shot 2015-09-22 at 10.43.38Italian PM M. Renzi (click here for his speech) rejoiced at having “got rid of me” – citing my ‘removal’ from the ‘scene’ as a sign that ‘apostates’ (i.e. those who divide their parties) are jettisoned. His is a motivated illusion. Last July ‘they’ ‘got rid’ of something much more important than me. Here is my message to the Italian PM…

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Tsipras’ triumph vs the impossible task of implementing a program designed to fail – in The Guardian

Screen Shot 2015-09-22 at 10.06.40Alexis Tsipras has snatched resounding victory from the jaws of July’s humiliating surrender to the troika of Greece’s lenders. Defying opposition parties, opinion pollsters and critics within his ranks (including this writer), he held on to government with a reduced, albeit workable, majority. The question is whether he can combine remaining in office with being in power.

To continue reading the article from the Guardian’s web page, click here. Otherwise…

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