Year: 2012
On Bloomberg, arguing that the Greece's Bailout Mk2 is unsustainable
, 14/02/2012
Feb. 13 (Bloomberg) — Yanis Varoufakis, a professor at the University of Athens, and Miranda Xafa, president of EF Consulting, talk about the outlook for Greece after lawmakers approved the austerity package demanded to secure a financial lifeline. They speak with Owen Thomas on Bloomberg Television’s “Countdown.” (Source: Bloomberg) CLICK HERE
The Global Minotaur: Interviewed by Naked Capitalism
, 14/02/2012
Phil Pilkington, of nakedcapitalism.com, were kind enough to interview me on my Global Minotaur. To read it from their website, please click here. The Global Minotaur: An Interview with Yanis Varoufakis Philip Pilkington: In your book The Global Minotaur: America, The True Origins of the Financial Crisis and the Future of the World Economy you lay out […]
Greece and the Rape by the Rentiers, by Marshall Auerback(*)
, 11/02/2012
A must-read piece for readers of this blog and beyond. My only caveat concerns the last sentence: Defaulting within the eurozone is the optimal strategy, as it allows Europe one last chance to rejig the euro. Most likely, Europe will not take this chance and then the euro will disintegrate anyway. Greece has no reason […]
Plaster on a festering wound; on RT talking about the new Greek Bailout
, 11/02/2012
Click here for the video.
On ABC Radio National's Breakfast program – discussing Greece
, 10/02/2012
This is an interview on ABC Radio National’s Breakfast program. One of the rare occasions when I was afforded sufficient ‘room’ to unfold arguments.
Πολιτική οικονομία
, 09/02/2012
Κάποτε τα οικονομικά ήταν το επιστημονικό πεδίο στο οποίο διεξάγονταν οι πιο παθιασμένες συγκρούσεις μεταξύ αντιπάλων ιδεολογικών στρατών. Η ύψιστη μορφή πολιτικής αντιπαράθεσης. Οι εξισώσεις των οικονομολόγων αποτύπωναν εναλλακτικές απόψεις περί της καλής καγαθής κοινωνίας. Τα μαθηματικά τους ήταν παθιασμένα. Η γεωμετρία τους έσταζε ιδεολογικό ενθουσιασμό. Σήμερα, τίποτα δεν θυμίζει εκείνη την εποχή. Σήμερα τα […]
Greece should default within the eurozone: On CNBC
, 08/02/2012
While Greece’s political leadership was continuing with its game of charades (Will they sign? Will they not?), the country is being led down the garden path, once again. The debt-deflationary downward spiral will be given another impetus. Here I tell CNBC that Sisyphus’ optimal strategy is to stop pushing the rock up the hill. And […]
The Global Minotaur now available in Greek
, 06/02/2012
Six months after its launch, The Global Minotaur has now been published in Greek by A.A. Livanis. Click here for the relevant web site. A brief description in Greek follows. For the English, original, version click here. And for the German translation here. «Το βιβλίο αυτό είναι μια από εκείνες τις πολύ σπάνιες εκδόσεις για […]
Is Greece still viable? (Is Europe?): my piece in Deutsche Welle.de
, 05/02/2012
[The following piece was commissioned by DW.de. Click here for the article as it appeared on Deutsche Welle’s website.] “Perhaps it is historically true that no order of society ever perishes save by its own hand.” [John Maynard Keynes][1]
Europe's austerian state of play, animated
, 04/02/2012
Written and produced by Irish economist David McWilliams, who deserves a round of applause.
Reporting the Eurozone’s Crisis: Lessons from the Greek Front (*)
, 04/02/2012
Over the past two years, the economic crisis that has engulfed Greece has also thrust me in front of the microphones and note pads of the myriad journalists who descended upon Athens to report on the unfolding drama. In this sense, I have not only been witnessing the evolution of Greece’s (and the eurozone’s) meltdown […]
Crying over spilt milk: My CNN.com piece on Greek sovereignty and the unholy alliance between German and Greek leaders
, 31/01/2012
[The following story was commissioned by CNN.com. Click here for the complete article.] STORY HIGHLIGHTS German and Greek politicians are at odds over who should control Greece’s budget Greek political economist Yanis Varoufakis says both are guilty of failing to grasp the real problem Varoufakis says both countries mislead voters in agreeing an unsustainable rescue […]
Pointless fury: Why both German and Greek politicians are wrong to be angry
, 30/01/2012
So, some German politicians put on paper that which they have been thinking of a while: Greece has become an unbearable burden and, if they are to resign themselves to continue putting their money in that particular black hole, they might as well have a say in the way it is managed on the ground. Predictably, […]
Canada’s Stark Options: Recovery or Regress?
, 26/01/2012
[Here is the speech I intend to give later today at the CCPA workshop on ‘Canada: How can we avoid a lost decade?’ ] If everything is (as economists seem to believe) relative, then Canada is doing reasonably well in the aftermath of the Crash of 2008. Its governing politicians are, of course, stretching credulity […]
The Global Economic Crisis: Can Canada Escape a Lost Decade?
, 25/01/2012
On Thursday 25th January, I shall be participating in what seems like a fascinating debate in the Canadian House of Commons. Organised by the Canadian Centre for Policy Alternatives, we shall be discussing the Crisis’ impact on Canada, the wisdom (or otherwise) of its government’s planned responses and the links between the Canadian, American, European […]
The Global Minotaur now in German
, 24/01/2012
It is with great joy, and some trepidation, that I received the news of the German edition of my Global Minotaur. At this delicate juncture of Europe’s ‘evolution’, the opportunity to speak directly to German readers’ perceptions of the Crisis, and in German, seems significant. Click here for my presentation of the book at Columbia […]
On BBC World tv, explaining why the PSI deal (if/when it happens) will be an agreement bereft of a sustainable future
, 23/01/2012
Click here: http://www.bbc.co.uk/news/business-16679370
Complexity Fetishism, the Euro Crisis and a worthy challenge for 2012: Part B
, 20/01/2012
Part B: The lure of naive models in the era of financialisation (*) [(*) For the rationale of this four-part series of posts, as well as for Part A of the series, click here.] Preface: Part A of this four-part series of posts began by focusing on the problematic application of the analytic-synthetic method to socio-economic […]
Paradigm Lost: Rethinking Economics and Politics
, 19/01/2012
On 12th to 15th April, a conference will be organised by INET on this theme [Axica Conference Center, Berlin]. For the full program, see here. In its context, on the 13th, I shall be participating in the following session. As I am figuring out the content of my intervention, I would welcome your suggestions. Thanks […]
Two interviews on the futile PSI negotiations
, 19/01/2012
For the second interview click here: Europe as the world’s laughing stock
Why, for Greece’s and Europe’s sake, the PSI ought to fail
, 17/01/2012
Headlines the world over ‘agonise’, on behalf of Greece and Europe, on whether the PSI+ negotiations will come to a conclusion. The presumption is that, if they succeed, Greece will be reprieved and Europe (with France and the EFSF having recently been downgraded) will buy some much needed extra time to put, at long last, […]
On Sky TV discussing the PSI+ negotiations, interviewed by Jeff Randall
, 17/01/2012
PSI talks to resume in Athens over the haircut imposed on banks by the EU in October 2011. Back then, Mrs Merkel and MR Sarkozy forced the hand of the IIF’s head, Mr Dallara, to accept the notion of a ‘voluntary’ 50% haircut on the face value of Greek government bonds (except those not owned […]