Greece
Mrs Merkel’s Athens visit, her fall from grace and Greece’s demand for war reparations – on BBC Radio 4
, 12/01/2019
Over the past two days, Mrs Merkel was in Athens on a victory lap to celebrate her successful subjugation of the Syriza government and the subsequent extension of the Greeks’ debt bondage. Nevertheless, even this subservient Greek government managed to upset her victory lap by mentioning the… war and the reparations the Greeks will continue to demand for the […]
Behind the closed doors of negotiations with the EU? – The Guardian podcast, November 2018
, 10/11/2018
As the Brexit negotiations near crunch point, Theresa May is still battling to keep her party on side as she edges closer to a deal with Brussels. But is it possible to take on the EU in negotiations and win? One man who staked his political career on trying just that was the former Greek finance minister Yanis […]
On Europe’s austerity drive and DiEM25 – an OECD podcast
, 15/10/2018
One country that symbolised the crisis of the last 10 years was Greece. Its insolvency embarked the country on a long regime of bail-outs and austerity. This August, Greece officially emerged from the crisis, with the OECD forecasting GDP growth again. So, did the austerity work? The former Greek finance minister and co-founder of the […]
Greece was never bailed out; it remains a debtor’s prison and the EU won’t let go of the keys – op-ed in The Observer
, 27/08/2018
Over the past week, the world’s media have been proclaiming the successful completion of the Greek financial rescue programmemounted in 2010 by the European Union and the International Monetary Fund. Headlines celebrated the end of Greece’s bailout, even the termination of austerity. Buoyant reports from ground zero of the eurozone crisis portrayed Europe’s eight-year long Greek […]
Greed, ineptitude and austerity fanned the flames of the Greek wildfire – The Sunday Times
, 30/07/2018
ATHENS: A biblical calamity befell the Attica region last Monday. I saw its first sign in the late morning at Athens airport, where I was seeing off my daughter to Australia. A strong whiff of burning wood caused me to look up to the sky, where a whitish-yellow sun beckoned, surrounded by the tell-tale eclipse-like […]
Behind Greece’s forest fires: a tragic reminder of our collective responsibility as Europeans
, 27/07/2018
ATHENS – A biblical calamity befell Attica last Monday. I saw its first sign in the late morning at Athens airport, where I was seeing off my daughter to Australia. A strong whiff of burning wood caused me to look up to the sky, where a whitish-yellow sun beckoned, surrounded by the telltale eclipse-like daytime […]
An anniversary to savour: the three days that shook Europe – 3rd to 6th July 2015 (Extracts from my ADULTS IN THE ROOM)
, 05/07/2018
Three years ago, today, the people of Greece staged a rebellion against their debt bondage. Though this rebellion was overthrown from within almost immediately, it remains a remarkable testimony to the power of a people to say No to the oligarchy, to wrestle control of the narrative of their circumstances from the inanely authoritarian elites, […]
Profiles in Euro-Denial: The thwarted euro reforms & Greece’s permanent debt bondage – Project Syndicate op-ed
, 28/06/2018
ATHENS – Europe’s establishment is luxuriating in two recent announcements that would have been momentous even if they were only partly accurate: The end of Greece’s debt crisis, and a Franco-German accord to redesign the eurozone. Unfortunately, both reports offer fresh proof of the European Union establishment’s remarkable talent for never missing an opportunity to […]
Complete text of my interview with Corriere Della Sera’s Aldo Cazzullo (in English)
, 31/05/2018
Corriere Della Sera, the Italian daily, published today an interview that I gave to Aldo Cazzullo. For the published version (in Italian of course), you can visit the paper’s site here. However, the published text is a heavily reduced version of the exchange between Mr Cazzullo and myself. For those interested in the full exchange, see […]
The Open Letter sent to me in 2015 by Paolo Savona & Giulio Tremonti, two former Italian ministers, on reforms to the EU that they considered necessary
, 29/05/2018
Rome, July 24, 2015 To Yanis Varoufakis and Dominique Strauss-Khan Dear Yanis, dear Dominique, There is a place on earth that represents Europe’s very roots: Greece. Let us begin there. Athens, April 28, 1955. Albert Camus’ conference on “The future of Europe”.[1] On this occasion, participants agreed that the structural characteristics of European civilization are essentially […]
Want to know why the recent ECB stress tests of the Greek banks had to be fraudulent? – Video interview on TheStreet
, 17/05/2018
To watch the video click on the photo above or click here.
Why we founded new political party MeRA25 to challenge austerity in Greece – The New Statesman, 5 APR 2018
, 07/04/2018
After successfully quashing Greece’s 2015 debtor’s prison break, Europe’s deep establishment has embarked on a mission to declare the country’s economic and social crisis over. To recall Tacitus, “they make a desert and they call it peace”. Since 2015, the Greek state has paid its creditors a sum equal to the aggregate pre-tax revenues of […]
MANIFESTO of MeRA25 – the new party set up by DiEM25 in Greece to revive the spirit of the Greek Spring
, 02/04/2018
The state of permanent debt bondage, which threatens Greece with desertification, is in the mind of every Greek. Imposing emigration on our young, and indignity to those who stay behind, it hangs over the country like a thick, dark cloud. Unable to discern any light in the long night of our Great Depression, the Greeks’ […]
Hans Werner Sinn: Varoufakis acted very prudently and wisely to defend Greek interests
, 22/03/2018
Perhaps the best known and respected conservative German economist, Hans-Werner Sinn (Munich University and for many years Chair of Ifo Institute), had this to say in reaction to the claims of various troika officials that I cost Greece billions of euros: “Yanis Varoufakis has acted very prudently and wisely to defend Greek interests… Arguing, […]
“Greece was strangled by the creditors in 2015. We stand with Yanis Varoufakis and with the truth.” Professors Jeff Sachs (Columbia) and James K. Galbraith (Texas)
, 18/03/2018
Thomas Wieser’s claim that Yanis Varoufakis and the Greek government of 2015 cost their economy 200 billion euros is ludicrous. As Wieser knows – because he was one of the architects of the policy – the Greek economy in 2015 was strangled by its creditors. The creditors inflicted severe damage from the first day: by […]
How Europe’s Band-Aid Ensures Greece’s Debt Bondage – Project Syndicate op-ed, 26 FEB 2018
, 04/03/2018
ATHENS – Greece’s never-ending public-debt saga has come to signify the European Union’s inept handling of its inevitable eurozone crisis. Eight years after its bankruptcy, the Greek state’s persistent insolvency remains an embarrassment for Europe’s officialdom. That seems to be why, after having declared the euro crisis over in the rest of Europe, the authorities […]
“La crisis se está haciendo más profunda, más tóxica, más permanente” (“The crisis is getting deeper, more toxic, more permanent”) – El Diario interview, 13/1/2018 (including the original English text of the interview)
, 15/01/2018
“Europa es exactamente lo opuesto a democracia”, asegura el ex ministro griego de Finanzas y cofundador de DIEM25, que ajusta cuentas con los protagonistas de la crisis del euro en “Comportarse como adultos“ “El Gobierno español actuó firmemente en Bruselas contra los intereses de la inmensa mayoría de los españoles” “El bitcoin es una espléndida burbuja […]
‘Adults in the Room’ and ‘And the Weak Suffer What They Must?’ reviewed by B. Baumer for the INDYPENDENT
, 07/12/2017
Along with French economist Thomas Piketty, former Greek finance minister Yanis Varoufakis is making economics sexy again. Journalists enjoyed snapping photos of Varoufakis, clad in a black leather coat, commuting to the finance ministry’s offices on his Yamaha motorcycle. But his short tenure in the Greek government was marked by clashes with the country’s […]
Discussing ‘Adults in the Room’ on ‘This is Hell!’ – Radio/Audio
, 18/11/2017
The disintegration has already begun: Austerity politics at the end of Europe. Episode 978: Debtor’s Prism After 2008, all you ended up with is functionaries of the deep establishment, minding their own interests, propagating their own careers, looking after their mates in the financial sector, and practicing the fine art of the revolving door – with […]
Schäuble leaves but Schäuble-ism lives on
, 28/09/2017
Wolfgang Schäuble may heave left the finance ministry but his policy for turning the eurozone into an iron cage of austerity, that is the very antithesis of a democratic federation, lives on. What is remarkable about Dr Schäuble’s tenure was how he invested heavily in maintaining the fragility of the monetary union, rather than eradicating it in order […]
Insolvent Greece goes to market 2.0
, 24/07/2017
Why do I refuse to be impressed by the news of Greece’s return to the markets? “It is because the Greek state and the Greek banks remain deeply insolvent. And, their return to the money markets is a harbinger of the next terrible phase of Greece’s crisis, rather than a cause for celebration”. The above was […]
Mr Tsipras’ insightful incoherence – my reply in The Guardian, 24th July 20176
, 24/07/2017
In a Guardian interview (24 July), the Greek prime minister, Alexis Tsipras, having admitted to “big mistakes”, was asked if appointing me as his first finance minister was one of them. According to the interviewer, Mr Tsipras said “Varoufakis … was the right choice for an initial strategy of ‘collision politics’, but he dismisses the […]