«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

The world economy post-2008 – Interviewed by the Institute of Regulation & Risk

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Since the demise of Lehman Brothers in September 2008 and ensuing great financial crisis (GFC), it would seem rather obscenely that central bankers and monetary policy has been obsessed with “deflation”, rather than remedying the actual causes of the crisis itself. Is this a fair analysis? 
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Greece is about to give European democracy a chance

democracySomething is amiss in our Europe.

When the constitutional process of a proud European democracy seemed to be leading, quite properly, to elections (as was the case in Greece since the Fall), the European Commission, various governments and the commentariat-at-large intervened, presenting the prospect of elections (the crowning moment of the democratic process) as a disaster-in-the-making; as a calamity to be avoided at all cost. Continue reading

La Grecia tradita dall’Europa: farà default – interview with F. Simonelli, for MediTelegraph

Screen Shot 2014-12-12 at 11.57.26 AMAtene – Yanis Varoufakis, stimato economista dell’Università di Atene, ha sempre avuto opinioni fuori dal coro. Sin dall’inizio della crisi greca, nel 2010-2011, ha messo in guardia sul fatto che non si trattasse di un problema locale, ma di una crisi sistemica dell’eurozona

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Ambrose Evans-Pritchard on Greece and the rise of SYRIZA – from THE TELEGRAPH

Screen Shot 2014-12-10 at 10.55.14 PMIn this powerful, balanced article, published today in conservative UK daily THE TELEGRAPH, Ambrose Evans-Pritchard makes important points on Greece and a prospective SYRIZA administration:

Events have rudely exposed the illusion that the Greek people will submit quietly to a decade of colonial treatment and debt servitude… Greece was sacrificed to buy time for the alliance, like the Spartans at Thermopylae. It was subjected to an unworkable economic experiment, in defiance of known economic science and principles. Europe’s leaders have betrayed their a special duty of care to Greece. They may at last have met their match in the ice-cool Mr Tsipras.

To read the whole article, click here.

Burst Greek Bubbles, Spooked Fund Managers: A cause for restrained celebration


vultures imagesThe international press is replete with reports of how London-based fund managers were spooked when they heard of SYRIZA’s views on the nature of Greece’s conundrum and on the party’s intention to work towards a debt restructure and a re-orientation of social and economic policies toward social cohesion and economic growth. Here is my reply…
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A Program for Greece? A response to Christian Odendahl

hopeless greeceAs a general election is looming larger on the Greek horizon, commentary on a prospective SYRIZA administration is becoming more frequent. In this piece Christian Odendahl proposes ‘A Program for Greece’. The ‘Program’ is sympathetic to the view that Greece was manhandled by a bailout loan that gave it little chance of recovery and makes several proposals as to how Europe should reform its own reform efforts. As for the Greeks, Christian embraces the idea of a national unity government that will allow for these reformed reforms to be agreed by a coalition of the current government and SYRIZA, giving Alexis Tsipras’ time to ‘mature’ before possibly taking over the countries reins. Below you will find my response. Continue reading