“Merkel has no plan” – interviewed by Die Welt’s editor, Stefan Aust

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A few weeks ago, Stefan Aust, Die Welt’s editor and formerly the heart and soul of Der Spiegel, paid me a visit at our Aegina house. We spoke for a good two hours on Europe, Germany, Greece and, of course, DiEM25. It was a serious, pleasant and at times passionate discussion. On 14th August the article-interview was published. For Die Welt’s site click here. (For the longer version of the interview, as published, in pdf form click: Page 1 & Page 2) Alternatively… Continue reading

Galbraith’s letter to Kathimerini: Let’s talk about academic-journalistic ethics, shall we?

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Athens daily Kathimerini published a letter signed by 23 ‘US-educated Greeks’ sent to the University of Texas’ President denouncing James K. Galbraith (a long-standing professor there) for having helped me design a “monetary cum military coup d’etat”.  At least that was their description of my Plan X – a preliminary contingency plan to counter the European Central Bank’s Plan Z with which Greece is being threatened continually since 2012 – see the Financial Times report here. Once more, the victims of the troika’s six-year-old coup d’etat, which has pushed the Greek people into a vortex of Depression and Insolvency, are being portrayed as coup plotters. The purpose of this campaign, in which Kathimerini has played an energetic role, is to vilify anyone who resisted the troika, who did her or his duty to defend Greece’s democracy, and who continues to argue that the only way to end Greece’s crisis is to oppose the troika. What is new here, with the letter of the 23, is a new violation  – this time of the most basic of academic principles: “Never criticise a text that you have not read!” As Galbraith demonstrates in his response to Kathimerini (see below), the 23 ‘US-educated Greeks’ based their denunciation letter on misinformation peddled by, amongst others, Kathimerini – e.g. the preposterous allegation that Plan X included a plot to arrest the Governor of the Bank of Greece. To read Galbraith response…

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Building a Progressive International – op-ed Project Syndicate

Screen Shot 2016-01-28 at 16.54.28ATHENS – Politics in the advanced economies of the West is in the throes of a political shakeup unseen since the 1930s. The Great Deflation now gripping both sides of the Atlantic is reviving political forces that had lain dormant since the end of World War II. Passion is returning to politics, but not in the manner many of us had hoped it would.

The right has become animated by an anti-establishment fervor that was, until recently, the preserve of the left. In the United States, Donald Trump, the Republican presidential nominee, is taking Hillary Clinton, his Democratic opponent, to task – quite credibly – for her close ties to Wall Street, eagerness to invade foreign lands, and readiness to embrace free-trade agreements that have undermined millions of workers’ living standards. In the United Kingdom, Brexit has cast ardent Thatcherites in the role of enthusiastic defenders of the National Health Service.

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IMF: Confessing to the sin in order to repeat it

Screen Shot 2016-07-31 at 13.53.56.pngYou have read about the most recent IMF confession over its immolation of Greece. The question is: Does it signal a change in policies? Do not hold your breath! Recent history is pointing to a repetition of the crime-against-logic first committed in 2012 – an IMF tactic of confessing to the sin in order to repeat it with impunity! Continue reading

The IMF confesses it immolated Greece on behalf of the Eurogroup

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EU ECONOMICS MEETS DEMOCRACY – interviewed by the Green European Journal

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The architecture of the European Union institutions is flawed. Its leaders seem to deny the ineffectiveness of the response given to the financial and economic crisis as we see inequality and extremism on the rise. The European Union will be unprepared for the next crisis unless it profoundly reforms its governance and enhances democracy.

Screen Shot 2016-07-22 at 10.35.00.pngToday in Europe we see it being bashed, mistrusted, and loaded with negative emotional charges. Why? What do you think are the big disintegration forces at play today in Europe?

Yanis Varoufakis: The European Union is a construct which was simply not fit for purpose.  Continue reading

Stefano Fassina’s reply to our la Repubblica article on democratising Europe

La repubblica

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Stefano Fassina wrote the following letter to la Repubblica’s editor, in response to the article that I published in the same newspaper with Lorenzo Marsili. Over the next few days, I shall be replying to Stefano here. Meanwhile for the original version in Italian, click here. For the English language version… Continue reading

Galbraith, writing for DiEM25 on OXI’s anniversary, on our Plan X

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James K. Galbraith, a founding DiEM25 member, writes exclusively on DiEM25’s site about his latest book and his contribution to the first SYRIZA government’s Plan X – a defensive plan to be activated if Greece’s creditors made good of their threat to throw Greece out of the euro in response to the new government’s determination to re-negotiate the troika’s failed ‘Greek program’. Yesterday, on the first anniversary of the courageous OXI vote of the Greek people, the Greek oligarchic media were trying to exploit Galbraith’s book in order to have Yanis Varoufakis indicted, censured or, simply, vilified. Their venom against OXI and Varoufakis is proof that the memory of the Athens Spring still haunts them. In the article below, James K. Galbraith makes it abundantly clear: The team working in the Finance Ministry, under Varoufakis, was the only side during the 2015 negotiation that did its duty fully and diligently to serve Greece’s democracy, uphold its Constitution and reclaim its national sovereignty. Alas, following the crushing of the Athens Spring, a full-scale campaign of vilifying the righteous remains active. DiEM25 invites all European democrats to remain vigilant: the attempt to crush the spirit of the Athens Spring, which remains alive and well in Greece despite last year’s defeat, will damage permanently the prospects of a democratic Europe.

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One Year Since the ‘OXI’ Referendum, One Year Since DiEM25 Was Conceived

DiEM25 , Articles, Press releases

Today DiEM25 marks the anniversary of the brave Greeks’ OXI (No!) referendum vote but also of its own beginnings.

“Our NO is a majestic, big YES to a democratic Europe!”, wrote Varoufakis at the time, heralding the gist of DiEM25 – namely that, a Yes to a sustainable, democratic Europe must pass through the tortuous but worthy path of a No to an authoritarian, austerian, troika-controlled EU.

DiEM25 was born at the time the Athens Spring was being crushed and the referendum mandate discarded.

Naturally, the 5th of July is a special anniversary for DiEM25 – for the Democracy in Europe Movement that was, in effect, conceived in the heat and light of the OXI referendum.

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In memoriam: Michel Rocard & the Modest Proposal for Resolving the Euro Crisis

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It was with great sorrow that I learned of Michel Rocard’s passing. Since 2013, when he wrote the Preface to our Modest Proposal for Resolving the Euro Crisis, Michel has been a valued interlocutor and supporter. Only a few weeks ago, we were planning to meet up in Paris in the Fall to discuss his further contribution to DiEM25. He will be missed.

Michel Rocard’s Foreword to “A Modest Proposal for Solving the Eurozone Crisis

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The anniversary of the troika-imposed capital controls on Greece and the struggle to save Europe

Screen Shot 2016-06-30 at 11.44.05.pngOn the anniversary of the troika imposed capital controls on Greece, the struggle of the Greek people has become the struggle to save Europe – from the DiEM25 site

A year has passed since the troika and the ECB closed the Greek banks and imposed capital controls. During the same time, the same culprits are trying to lay the blame for their blatant violation of a monetary union’s logic on the Athens Spring and the Greek people’s determination to escape from the five-year long debt-bondage.

Let we forget, Continue reading