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

Advice to the Australian PM for his next term – from eight of us, courtesy of ABC Radio National

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As Malcolm Turnbull prepares to return to Canberra to take the reins of government again, ABC Radio National has compiled eight pieces of advice on how he should approach his next term. The advice comes from: Ian Thorpe, Ursula Yovich, Yanis Varoufakis, Bill Crews, Toni Powell, Guy Warren, Karl Kruszelnicki and Inga Simpson

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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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The fake & the actual choice Europeans face – by Slavoj Žižek

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Slavoj Žižek, philosopher, friend and DiEM25 early signatory, writes on the DiEM25 site that Europeans face one fake and one actual choice. The fake choice is between :(1) a globalised, financialised version of capitalism that is run by a transnational technocracy, tolerates minorities and turns parliamentary democracy into an empty shell, and (2) a xenophobic, socially conservative, passionate nativism that invokes national democratic sovereignty only to forsake it soon after. The real, actual choice is between (A) a vicious cycle between (1) & (2) above and (B) a pan-European democratic project addressing the actual challenges humanity faces (e.g. the deflationary moment in our history, the inexorable devaluation of human labour, TTIP like attacks on sovereignty, climate change etc.). Click here for the full article.

Full transcript of the Yanis Varoufakis | Noam Chomsky NYPL discussion

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

Mantener la unidad de la izquierda de manera progresista y eficaz -Público.es

Yanis Varoufakis
Economista y exministro de Finanzas de Grecia

La experiencia de Syriza pesa en la conciencia colectiva de la izquierda europea. Es importante que aprendamos de esta experiencia y resurjamos más unidos, progresistas y eficaces en la tan apremiante como necesaria consecución de una agenda paneuropea humanista.

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Brexit and Spain: Interviewed by El Diario

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Yanis Varufakis en la redacción de eldiario.es

Yanis Varufakis en la redacción de eldiario.es en una foto de archivo

Yanis Varufakis, exministro de Finanzas de Grecia, nos atiende desde Roma en un día en el que su teléfono no para de sonar con periodistas de todo el mundo recabando su opinión. Su movimiento DiEM25 está enfocado a lograr “la redemocratización de la UE” e interpretan el Brexit como un triunfo de la Troika.

¿Qué análisis de urgencia haría ante el resultado del referéndum?

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A discussion worth revisiting at this historic post-Brexit juncture

Today is a historic day. Post-Brexit the EU is entering a new, furious phase of disintegration. DiEM25’s initial response can be read here. Tomorrow I sum up my reaction in two articles (one in The Guardian and one in Project Syndicate – plus a Greek one in Εφημερίδα των Συντακτών). Till then I think it useful to revisit the 26th April discussion I was honoured to have with Noam Chomsky at the New York Public Library.

Mr Stournaras’ New Deal: Too late, too cynical

Screen Shot 2016-06-14 at 07.41.11.pngScreen Shot 2016-06-14 at 07.41.00.pngIn 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.