For a year now, Europe has been lying to itself, pretending that the Euro Crisis has been, more or less, resolved. It is now clear that the Euro Crisis is alive and well and threatening Europe with disintegration, permanent damage, widespread poverty, a loss of democratic legitimacy and a swing toward misanthropy. Our Modest Proposal for Resolving the Euro Crisis has never been more pertinent. Version 4.0 is now out, co-signed not only by its original authors, Yanis Varoufakis and Stuart Holland, but also by James K. Galbraith who has contributed signficantly to its evolution.
