ABC Radio National’s ‘Big Ideas’ program has now broadcast my talk entitled The Dirty War for Europe’s Integrity & Soul (original broadcast: 30th October, 20.05 Sydney time). [Click here for details of the lecture.]
For the complete transcript click here – please note that the ABC (to fit in both the talk and the discussion the followed in 55 mins) edited out an important analytical part concerning the history of the European Union (which I use to explain why the current crisis is not resulting in a move toeard further union/integration).
Lastly, here is an earlier interview on the contents of the same lecture with Philip Adams on the ABC RN’s Late Night Live (recorded on the eve of my talk).
Economists for Peace and Security is organising a workshop on Jobs, Investment, and Rebuilding America: Economic and National Security Issues. It will take place at the Hyatt Regency, Washington DC, Capitol Hill. The keynote speech will be delivered by Jason Furman, Chair of the US Council of Economic Advisers. My involvement will concern the economic and financial risks that the Eurozone imposes upon the rest of the world. For the complete program… Continue reading →
European Political Leaders and Policy Experts to Meet for Two Days in Austin to Discuss
The LBJ School of Public Affairs of the University of Texas at Austin will host a two-day conference on the fate of the Eurozone on Nov. 4 and 5. “Can the Eurozone Be Saved?” will convene European political leaders and policy experts to examine alternative policies to keep the Eurozone intact.
Six weeks of hard labour. That was the ‘cost’ of re-configuring my site in a manner that makes it possible for readers to gain easy access to archived material. As these posts span the whole of the Euro and Global Economic/Financial Crisis since 2010, and thus read a little like a Crisis Diary, I thought they might be of use to you in their new format. A new look was also developed to mark the re-framed content. Please note that the main header will feature a new photograph by Danae Stratou every fortnight (in a bid to ‘capitalise’ the privilege of being married to an artist of some renown).
Inaugural ‘Europe Public Lecture’, UWS, State Library of New South Wales, Sydney
On 23rd October 2013, I was honoured by the Department of History of the University of Western Sydney with an invitation to deliver their inaugural Europe Public Lecture. The event took place in the State Library of New South Wales, in Sydney. The talk will be transmitted by ABC Radio National’ ‘Big Ideas’ program on 30th October (watch this space for a link). You can also hear this interview, on the theme of my talk, with Philip Adams on Late Night Live. Read on for the full transcript of the talk…Continue reading →
Last night I had the pleasure of sitting in LNL’s studio with Philip Adams discussing some themes from a talk I am about to give tonight at the State Library of New South Wales on ‘The Dirty War for Europe’s Integrity and Soul’. Here is the podcast:
Next Wednesday evening, the 23rd of October, I shall be delivering The Inaugural Europe Lecture of the University of Western Sydney at the State Library of New South Wales. (Please note that till then postings will be rudimentary.) The talk itself will be entitled “The Dirty War for Europe’s Integrity and Soul” (For details click here). I plan to give an angry but, at once, nuanced and temperate talk. A talk by an ardent European who is livid that Europe is unravelling. Continue reading →
Cooled down in the proverbial 11th hour, at least until it is brought back on the boil next January, the US debt ceiling clash puzzles Europeans and gives them an opportunity to re-asses their own leaders’ shenanigans.Continue reading →
On Saturday 12th October, I was interviewed by Geraldine Dooge for the ABC Radio National’s program ‘Saturday Extra’ on the theme of Greek claims on Germany for wartime reparations and on a strange ‘loan’ that was extracted from the Greek government by the Nazi authorities. You can hear the interview here:
Read on for an analysis of the wartime Greek loan to Germany and for a proposal on how to settle two thorny issues (the settlement of that loan and the inevitable. impending haircut of Greek debt) at once… Continue reading →
Readers have requested a summary of the Efficient Market Hypothesis, which is in the news again as a result of the ‘Nobel’ Prize award to Professor Eugene Fama – see this instant reaction on the matter). In what follows the reader can peruse very brief presentations of the triad of toxic theories that undermined macroeconomic logic and helped legitimise the practices that contributed no end to the Crash of 2008. They are: the Rational Expectations Hypothesis, Eugene Fama’s Efficient Market Hypothesis and the so-called Real Business Cycle Theory… Continue reading →
The moment I heard that Fama and Shiller (together with Hansen) were awarded the latest pseudo-Nobel in Economics, my initial thought was: What next? A Darwin Prize to some Arch Creationist? The Award for Top Seamanship to the Titanic’s captain?
But then I quickly changed my mind. Awarding this ‘Nobel’ to both Fama and Shiller was a brilliant hedge. One that can only be bested by awarding the Physics Nobel to Galileo and to the Inquisitor who condemned him.
Just a quick warning, to loyal readers, that I am in the process of re-constructring the site. Over the next few days you may find new headings without the proper links and other such signs of digital chaos. By the end of the week, the ‘new’ version of the site should be complete.
A few weeks ago, I began doing something which I hadn’t done since my College days – I did some reading of and about John Maynard Keynes. Among others, I am just finishing the book “The Battle of Bretton Woods” by Benn Steil. And I am amazed! Two principal issues dominated the negotiations lead by Keynes on the UK side and by Harry White on the US side, namely: the flow of trade and the flow of capital as a result of a new monetary system. Continue reading →
“Did anybody ever come back from the dead?”… “Put the guns into our hands and we will use them. Give us the slogans and we will turn them into reality.” Dalton Trumbo, Johnny Got His Gun
“We think Piraeus and Alpha, two banks we have a position in, are now very well capitalised and poised to recover… They have good management and we think the Greek economy is improving, which should benefit the banking sector.” John Paulson, of Paulson & Co.
When John Paulson moved into Greek banking shares in recent weeks, and came out in public to ‘talk up’ his new investment, Europe’s authorities and the Greek government rejoiced: Greece must, clearly, be on the mend beginning with its recently ‘recapitalised’ banks.
Europe’s World commissioned me to write the article below on where Europe may be in twenty five years from now. Hope that it proves anything other than prophetic… (Click here for Europe’s World site.)
Six years have passed since the Shanghai Crash of 2032, and Europe’s architecture is incapable of responding to its challenges in a way that offers hope of continental consolidation after 30 years of hideous fragmentation.
(This article was commissioned by The New Left Project – click here for the NLP’s site)
A few days before the German federal election, the American commentator Bob Kuttner called upon German Chancellor Angela Merkel to use the election victory that was clearly in the making to change tack regarding the European Periphery. Focusing on Greece, Kuttner added to a chorus of commentators who have called for a Marshall Plan, accompanied by a generous degree of debt forgiveness, as a ‘second phase’ of the program of budget austerity and reform imposed on Greece over the past three years. Kuttner even suggested labeling it The Merkel Plan, so as to afford the Chancellor a timeless legacy for genuine ‘tough love’, as opposed to being permanently remembered, at least in the Mediterranean, for unremitting heartlessness toward citizens of countries bankrupted when the Eurozone’s architecture was found wanting.
The problem with Kuttner’s noble suggestion is that Germany cannot afford such largesse.Continue reading →
Regular readers will recall my pieces on the closure of the Greek public broadcaster. A longer and more comprehensive version, in which I took the time and the space to unfold my memories of ERT’s presence in our collective Greek experience, became our third contribution to Witte de With’s Review. For the WdW Review site, click here (it contains additional photos that are related to the story). Otherwise…Continue reading →