This article by Tom Strohschneider was first published in the German newspaper Neues Deutschland. Read the German original here or the English version on the DiEM25 site.
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.
On 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
The full transcript of my discussion with Noam Chomsky at the New York Public Library (26th April 2016) was just sent to me by Kelly Patrick Gerling. I thank him profusely. Here it is, just below the video window
April 26, 2016, LIVE from the New York Public Library, http://www.nypl.org/live, Celeste Bartos Forum
YANIS VAROUFAKIS: Good evening, we don’t have anyone to introduce us, so I’ve been asked to kick off by saying firstly that isn’t this wonderful that we are all here just to subvert the notion that nothing good can come out of the public sector? (laughter) Noam.
NOAM CHOMSKY: Well, the fact that I’m here, barely, actually has a relationship to that comment. I came from Boston, my wife and I came from Boston, it took seven hours, and any society that hasn’t been smashed by neoliberal policies of the kind you describe, it would have taken maybe an hour and a half, two hours. (laughter) There is a train, the pride of the public sector, which I took for the first time in 1950, and it’s about fifteen minutes faster now than it was then, (laughter) when it makes the schedule, which is a chancy situation, so we decided to come by airplane and spent most of the afternoon on the runway. Continue reading
In April 2015 I was vilified for refusing to bow to the troika’s demands for a ridiculously high 3.5% primary surplus and for countering the creditors’ failed ‘program’ with a growth plan dubbed A New Deal for Greece. Not only was I vilified by the troika but I had to deal with a Governor of the Bank of Greece who was fully in cahoots with the troika, backing the creditors rejection of my New Deal proposals and even claiming that my insistence on A New Deal cost Greece 85 billion euros! Yesterday, the good Governor wrote in the FT that Greece needs a… New Deal, effectively regurgitating my proposals from last year. As for the technical details of the two proposals, I let the reader decide which was superior: our technical proposals (worked out jointly with Jeff Sachs and Lazard) or those coming out now from the Bank of Greece?
Some will say better late than never. Others may think that the manner in which this poacher is so shamelessly turning gamekeeper is an important reason why Europeans are turning their backs to a European Union so badly served by its functionaries.
On 31st May 2016 the New York Times published the op-ed below (under a title that is unfortunate and not my choice). (For the NYT site, click here.) The version below is the original and contained graphs and data that could not be fitted in the printed version. (You can also download a pdf of the full article here.)
Athens — After last summer, when the clash between Greece’s recently elected Syriza government and the insolvent state’s creditors ended, the world’s media moved on. The brief rebellion against the austerity measures imposed on Greece was snuffed out in July 2015 when Prime Minister Alexis Tsipras folded. Continue reading
The interview with Yohann Koshy (April 21, 2016) can be read on VICE’s site here. Otherwise… Continue reading
A year to this day (11th May 2015), my team of international advisers (*) and I submitted this proposal for reforming the Greek economy, including a particular proposal for a debt reschedule. It is interesting to compare and to contrast it with the agreement that the troika is about to impose on the Athens government.
(*) My team included: James K. Galbraith (University of Texas at Austin), Jeff Sachs (Columbia University, Special Advisor to the UN’s Secretary General) ,Lord (Norman) Lamont (formerly Britain’s Chancellor of the Exchequer) Mariana Mazzucato (University of Sussex, and author of The Entrepreneurial State), Thomas Mayer (Director, Flossbach-von-Storch, formerly Chief Economist, DB) and Larry Summers (Harvard University, formerly US Treasury Secretary)
To read the proposals click on the image above or just click here
Yanis Varoufakis joins Rob Cox, global editor of Breakingviews, to talk about his new book, ”And the Weak Suffer What They Must?”, the state of the EU, and the implications of a potential Brexit and Trump presidency.
To watch the video click the image above – or just here. For audio only click below
How Greece was turned into a permanent debt-deflationary trap through unsustainable extend-and-pretend bailout loans. And how difficult it was to negotiate with creditors who do not really care about getting their money back. CLICK ON THE IMAGE ABOVE OR CLICK HERE.
The European Union is a house of cards threatening regional stability and global prosperity, argues Yanis Varoufakis. Continue reading
Click here or on the image above to listen to the interview.
On 25th April 2015 I had the pleasure to engage in an open discussion with Paul Sheard, Chief Economist with Standard and Poor’s, at the Council of Foreign Relations in New York. Watch the video of our discussion and/or read the transcript below.
Yanis Varoufakis—the leftist former finance minister of Greece who experienced the crushing power of eurozone austerity firsthand—thinks so.
For the Der Spiegel site click here. Otherwise…
The feud between the International Monetary Fund (IMF) and the European side of Greece’s troika of creditors is old news. However, Wikileaks’ publication of a dialogue between key IMF players suggests that we are approaching something of a hazardous endgame. Continue reading
For the site of The Irish Times click here. Otherwise… Continue reading