PSOE’s Penchant for Repeating PASOK’s Disappearing Act – El Diario (English & Spanish texts)

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Pedro Sánchez: No me da vértigo ser presidente del Gobierno. Me da respeto

el PASOK mordió el polvo por participar en el derrocamiento de su líder y, curiosamente, el PSOE ha tomado el mismo camino. EFE

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[For the El Diario site click here]

History may repeat itself but never as quickly or as mindlessly as it does within Europe’s social democratic family. Spain’s socialists jettisoned Pedro Sánchez to allow Mariano Rajoy to form government as if in a bid to replicate the disappearing act of their Greek counterparts, the once formidable PASOK. Continue reading

Back-to-back speeches by Yanis Varoufakis & John McDonnell (audio)

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This audio was recorded (apologies for the iffy quality) at the PCS fringe meeting at this year’s TUC Conference in Brighton – Saturday 12th September 2015. A few hours later it was announced that John McDonnell was selected, by Jeremy Corbin, as Shadow Chancellor

HOW EUROPE CRUSHED GREECE – Yanis Varoufakis’ op-ed in the NYT

ATHENS — Since the beginning of Greece’s financial crisis in 2010, two prime ministers have been swept from office after they were forced to adopt an unfeasible package of austerity measures in exchange for a bailout from the troika, as the eurozone authorities — the European Commission, the European Central Bank and the International Monetary Fund — are known. It pains me to watch the same fate befall a third prime minister, my friend and comrade Alexis Tsipras. (To read the rest of the article click here)

Why a NO vote in the Referendum is a Yes for a proud Greece in a Decent Europe – Talking with Phillip Adams, on LNL ABC Radio National

Late Night Live has been a daily companion of mine since 1989. Phillip Adams, its presenter, is someone I consider a friend (he, in fact, interviewed me in 1991 on the… Greek crisis!). In this (yesterday’s) program he added a touch at the very end of the interview that made me (almost) to break down. Thanks Phillip.

Presenting an agenda for Europe at AMBROSETTI (Lake Como, 14th March 2015)


Dear All, Ministerial duties have impeded my blogging of late. I am now breaking the silence since I have just given a talk that combines my previous work with my current endeavours. Here is the text of the talk I gave this morning at the Ambrosetti Conference on the theme of ‘An Agenda for Europe’. Long time readers will recognise the main theme – evidence of a certain continuity… Continue reading

Summer stupour’s end. Posts recommencing…

This was the longest break I have taken since this blog began life. Two and a half books were written, during that time, plus a great deal of swimming in translucent waters, like those depicted in the adjacent photo, was done. Polyaigos Blue

With Europe continuing to experience its existentialist crisis, and the world at large more troubled than ever, it is now time to leave Nature’s wonders behind and return to our societies’ troubled waters. 

In the next posts I shall ‘visit’ Australia’s latest Austerian Turn, before heading for Finland – where my Global Minotaur was just published (in fluent Finnish) and where I am to deliver a keynote this coming Monday on the state of Europe. 

Photo: Polyaigos Blue (Please note that the blue-ness depicted is not photoshopped or enhanced in any way. This is what it looks like, on the south west corner of the barren island of Polyaigos, close to the island of Melos.)

The Serpent’s Greek Lair

Golden Dawn. The journal that grew into a party. Source: unknown photograher. All rights reserved.In this, the fourth article that vitalspace.org and I have contributed to the Witte de With Review (an initiative of Rotterdam-based Witte de With Center for Contemporary Art), I offer a short history of Golden Dawn, the Greek Nazi party. As with all my articles in WdW Review, the ‘take’ is always personal, intimate almost. In this piece on Golden Dawn, I begin with an encounter with an old, poor Peloponnesean farmer, some time in the 1990s, whose life revealed much about Greece’s Dark Side.
Click here for The Serpent’s Greek Lair, as it appears on the WdW Review site.

Site re-design now complete. Welcome to my ‘new’ site

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).

Do enjoy! And do send me feedback on the new site.

Under re-construction

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. 

Thank you for your patience!

EUROPE AFTER THE CRISIS: Combining the feasible, the desirable and the essential (Lecture in Greek, Athens 4th June)

Screen Shot 2013-05-31 at 9.54.53 PMΤο «Τhe Hub Events» και ο Νικόλας Πρωτονοτάριος  οργάνωσαν την Τρίτη 4 Ιουνίου 2013, στις 20:00 την τελευταία για φέτος συνάντηση του Hub Science, στο πλαίσιο του οποίου πραγματοποιήθηκε η διάλεξη του καθηγητή οικονομικής θεωρίας και συγγραφέα Γιάνη Βαρουφάκη με θέμα «Η Ευρώπη μετά την κρίση: Μεταξύ του εφικτού, του επιθυμητού και του απαραίτητου». Πατήστε εδώ για την ομιλία και τις διαφάνειες.

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Some of us always said it: Grexit was an incredible threat

So, Grexit is off the table, at least for now.

Well, it was really never on the table, as some of us have been shouting from the rooftops for years now.

Back in May 2011, I was writing here that the whole idea of expelling Greece from the Eurozone was based on “an incredible treat”; on “…a flagrant lie”.  “Greece” I insisted, “cannot be pushed out of the euro without the euro collapsing in short order.” The utility of issuing such a threat was, I suggested, “to exact from the Greek polity many pounds of flesh, by which to impress Northern Europe’s despondent electorates that Greece deserves another huge, expensive loan. As is so often the case with naked blackmailing, an incredible threat is pressed into the service of an ill-conceived goal: To the issuing of a fresh gargantuan loan to an insolvent country that neither needs nor wants it.”

Events of the past few months have confirmed all of the above. Now, that this revised loan  agreement has been forced upon Greece, the Grexit threat has been put back in the drawer, to be retrieved whenever the powers-that-be think necessary. Meanwhile, the organised supporters of the troika’s austerian irrationalism are doing what they are good at: painting all critics of the troika program with the same brush. To give an example, Nuriel Roubini’s admission that he was wrong on Grexit is used as an excuse for celebration; as confirmation that the troika’s cheerleaders were right all along. In their enthusiasm they fill Greece’s social media with tweets such as “Roubini and Varoufakis proven wrong” and questions aimed at me like “Roubini accepted his error. You?”

Well, I prey and hope that I too can admit I was mistaken. That Greece and Europe are back on track. Alas, reality does not let me do this. For, as this post (among many others) demonstrates, I was, unhappily, spot on: Grexit was indeed used as part of a fiscal water-boarding strategy for the purposes of pushing Greece further into its curent Depression.

Grexit, as some of us were warning, should never have been taken seriously. It was never on the cards. Tragically, as a strategy of subjugation it worked a treat.