At the legendary Volksbühne Berlin theatre in discussion with Franco „Bifo“ Berardi, Srećko Horvat and Guillaume Paoli
Yanis Varoufakis, Conservative former Chancellor Ken Clarke, Shadow Leader of the House Chris Bryant (Labour), UKIP’s Suzanne Evans and columnist/commentator Julia Hartley Brewer
Former Greece finance minister Yanis Varoufakis is one of four powerful speakers against austerity at a PCS public meeting in Brighton on 13 September.
On September 10, the United Nations General Assembly will vote on nine principles concerning the restructuring of sovereign debts. Abiding by such principles would have avoided the pitfalls of the Greek crisis, in which political representatives gave in to creditor demands despite their lack of economic sense and their disastrous social impact. This public interest resolution must be supported by all European states and brought into the public debate. Continue reading
Following the onset of the recession that followed the 2008 global financial crisis, China’s policymakers spent seven years replacing waning demand for their country’s net exports with a homegrown investment bubble, inflated by local governments’ aggressive land sales. And when the moment of reckoning came this summer, China’s leaders spent $200 billion of hard-earned foreign reserves to play King Canute trying to hold back the tide of a stock-market rout.
Compared to the European Union, however, the Chinese government’s effort to correct its errors – by eventually allowing interest rates and stock values to slide – seems like a paragon of speed and efficiency…
Further to this piece on my unlikely friendship with Lord Lamont, the BBC’s Radio 4 interviewed us, together. To hear the interview, on World At One, click on the play button below.
In a recently released recording of a teleconference between Yanis Varoufakis and a group of hedge fund managers, Mr Varoufakis spoke frankly about the contingency plans he had developed when he was the Finance Minister. Continue reading