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
For 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
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!
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.
He is not. Continue reading
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 CHICAGO’s TOP RADIO SHOW
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
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?
A fresh interview offered to PROFIL (Austria) on why SYRIZA’ s proposals for Greece and for Europe are radical only to the extent that they are rational and therapeutic for the Eurozone as a whole. CLICK HERE (in German only I fear)
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