EURO CRISIS & EUROPE's DENIAL

After the 2^nd World War, and under the purposeful guidance of the United States, Europe began the process of integration which succeeded in making it possible to imagine a United Europe. For decades Europe’s elites bopped merrily across a sea of self-satisfying myths which nevertheless proved functional to the difficult task of creating the requisite inter-governmental institutions. Then, in 1971, the original American post-war design collapsed and a new global recycling mechanism emerged (the full story can be found in my Global Minotaur). At that point, to contain the turbulence caused by the wild fluctuations in exchange rates, Europe’s leaders set course toward a half-baked monetary union.

When the Crash of 2008 hit, Europe’s monetary union was hopelessly ill-prepared to absorb the shockwaves. Worse still, our leaders went into radical denial of the crisis’ nature (treating it as a debt crisis that could be treated by universalised austerity). Thus, European integration went into reverse. Central to this drama was the European Periphery’s “…insincere acceptance…of impossible conditions which it was not intended to carry out” and Northern Europe’s imposition of these conditions which it was “not entitled to exact” [click here for the unexpected source of these quotes].

Thus a continent united by different languages was divided by a common currency.

Below the reader will find many posts that appeared on this site over the past years as comments on the unfolding crisis. But before this comprehensive list, some highlights first.

HIGHLIGHTS – FEATURED POSTS

21 NOV 2010 – A New Versailles Treaty Haunts Europe
16 APR 2011 – It’s the (German) banks, stupid!
7 JAN 2011 – No more domino metaphors please for the euro crisis. Mountaineering ones only from now on.
19 MAY 2011 – Ring-fenced Greece: The evolution of a false promise first to an incredible threat and, then, to a dangerous delusion
4AUG 2011 – Why Italy? Why Spain? And why the EFSF’s size does not matter
11 SEP 2011 – Can Germany save Europe without jeopardising its own finances?
15 DEC 2011 – NEVER BAILED OUT: Europe’s ants and grasshoppers revisited
1 APR 2012 – Europe’s Periphery: A postmodern version of Britain in the 1930s?
31 MAY 2012 – From Ponzi Growth to Ponzi Austerity
9 JUL 2012 – Criticising Germany: Three principles for the fair assessment of proud nations
17 JUL 2012 – It is now official: The Eurozone’s monetary transmission system is broken
9 FEB 2013 – European Banking Union: Behind the rhetoric
22 FEB 2013 – Europe needs a hegemonic Germany
29 MAY 2013 – Is Europe loosening up austerity’s iron clasp?
21 JUL 2013 – THE ANNOTATED WOLFGANG SCHÄUBLE – Commentary on his Guardian article, 19th July 2013
23 JUN 2013 – EUROPE UNHINGED – Article in the European Financial Review
23 OCT 2013 – The Dirty War for Europe’s Integrity and Soul – Inaugural Europe Public Lecture, State Library of NSW, Sydney
31 MAR 2014 – Reaching For Our Revolvers: How a United Europe defused its culture and divided its people

ALL POSTS ON EUROPE’s DENIAL, THE EUROZONE’s CRISIS

21 NOV 2010 – A New Versailles Treaty Haunts Europe
25 NOV 2010 What will it take to stop the domino effect on its tracks before it reaches Spain and Italy?
1 DEC 2010 – The ECB’s expensive folly: A new Maginot Line Behind the scenes the European Central Bank (ECB) is struggling to construct a barrier that will prevent the firestorm which started in Greece from breaching the Iberian defences and, eventually, from turning to Italy. It is only right and proper that the ECB should try to accomplish this. The only trouble is that the barrier it is building is a new Maginot Line; a white elephant of a construction that costs Europe a bundle and which the ‘enemy’ will simply bypass and strike unimpeded at the heart of the eurozone.
5 DEC 2010 – The Worst Case Scenario for the Eurozone And so the nightmare continues. Are we heading for the worst case scenario? To answer this, we must first work out what that is. Continue reading →
14 DEC 2010 – Stuart Holland on: Where Angela Merkel is right, but should learn up from the New Deal
8 APR 2011 – Socrates drank the conium – but the convulsions will be felt everywhere. My piece on Portugal’s agonising route to ‘bailout’
12 APR 2011 – For whom the bells toll: Why the foretold Greek debt restructure will bring Spain into the mire which will, in turn, boost Ireland’s pain
16 APR 2011 – It’s the (German) banks, stupid!
26 APR 2011 – Greek debt restructuring and the reason Germany’s banks are delaying it
11 MAY 2011 – EXITING THE EURO? Mark Weisbrot, Hans Werner Sinn and Nuriel Roubini versus the eurozone’s Eagles’ Doctrine Thankfully, last Friday’s Der Spiegel article (as I had imagined it would [1]) opened a Pandora’s box of views on the state of the eurozone. Why thankfully? Because, until now, Europe has been living in denial, imagining that the crisis could be dealt with by a mix of expensive loans, deep austerity and tighter fiscal discipline. It is now clear that this mix only accelerates the crisis and multiplies its eventual cost.
5 JAN 2011 An exchange with Jerry Goldstein, a retired City of London banker, on economics’ role in bringing about the Crisis
7 JAN 2011 – No more domino metaphors please for the euro crisis. Mountaineering ones only from now on.
19 JAN 2011 – Why is Europe dithering? Our politicians caught in a classic Buridan conundrum
27 JAN 2011 – The French Enigma and Germany’s dithering, by George Krimpas
8 FEB 2011 – My Merkel, right and wrong Mrs Merkel is right on a number of counts and unless the rest of us, Europeans, acknowledge the strength of her case, there will be no progress in sorting out the mess otherwise known as eurozone. The trick will be to grant her her dues but, also, to point out the logical conclusion of her own arguments (which she seems unable or unwilling to discern).
12 MAR 2011 – Breaking News: No Redemption for Greece, for Ireland or for Europe. And an interesting query regarding the ECB’s role under the Modest Proposal
16 MAR 2011 – What should we do with Europe’s zombie banks?
18 MAR 2011 – How exactly did the US Treasurer, Tim Geithner, recapitalise US banks? A comparison with Europe’s ‘strategy’
19 MAR 2011 – Too kind on Geithner? Stress tests and bank recapitalisation in the US and in Europe – an exchange with James Galbraith
22 MAR 2011 – George Soros sides with the basic tenets of the Modest Proposal 2.0
19 MAY 2011 – Ring-fenced Greece: The evolution of a false promise first to an incredible threat and, then, to a dangerous delusion
23 MAY 2011 – What is Mr Trichet on about? Denial versus a centrally planned debt conversion The ECB’s President has taken it upon himself to lead a ferocious campaign against the restructuring of the Greek debt. (A couple of months before bowing to the inevitable!)
24 MAY 2011 – ENDGAME: Europe’s time is up
24 MAY 2011 – Eurozone countries are like a group of climbers roped together: Remember where you read this allegory first?
15 JUL 2011 – Europe’s titanic: A quick glimpse from a tiny inflatable off Crete’s southern coast, based on statements by G. Tremonti and M. Noonan
22 JUL 2011 – Europe’s Faustian Bargain: The agreement that opened the road to Greece’s debt restructure
4AUG 2011 – Why Italy? Why Spain? And why the EFSF’s size does not matter
12 AUG 2011 – ON EUROPE’S RATIONAL IDIOCY: Four illustrations
13 AUG 2011 – Why the ECB must, for its own sake, issue its own eurobonds
15 AUG 2011 – On George Soros’ three recommendations: An assessment
17 AUG 2011 – Why Eurobonds are Essential and Fiscal Union a Folly (Or how to escape the equally untenable positions of German economists Thomas Straubhaar and Otmar Issing)
22 AUG 2011 – The Euro Crisis Revisited: Radio interview with Doug Henwood for Behind the News, KPFA 94.1FM
27 AUG 2011 – To the Finland Station: The undoing of the Menshevik Approach to the Euro Crisis
28 AUG 2011 – Hour long radio interview (91.5FM WNYE New York) on the eurozone crisis and the Modest Proposal
5 SEP 2011 – Eurobonds: Not a question of ‘whether’ but one of ‘who will issue them’ and ‘who will back them’
8 SEP 2011 – Schauble, Keynes and a shadowy HM Treasury Official Back in 1930, a policy pamphlet was published, one either inspired or even written by John Maynard Keynes. Its title: We Can Conquer Unemployment. We mobilised for war. Let us now mobilise for prosperity! Why is this relevant?
8 SEP 2011 – On the newly established Council for the Future of Europe’s Manifesto: An assessment
11 SEP 2011 – Can Germany save Europe without jeopardising its own finances? Most certainly! An interview with Vorwaerts, the SPD’s official newspaper
19 SEP 2011 – Geithner Shunned: What the US Treasury Secretary said to the Europeans and how they shunned him at our collective peril
19 SEP 2011 – To use it it would have to be prepared to lose it: On Sky tv, the Jeff Randall show, explaining why Germany is not using its power to fix the euro
23 SEP 2011 – Understanding the Euro Crisis: A talk at the Shellbourne Hotel, Dublin
11 OCT 2011 – The Wicked Game How Greece is being beaten into a pulp to force Europe’s banks to accept capital while keeping Italy et al in awe.
17 OCT 2011 – Soros tries to snatch hope from the jaws of despair
21 OCT 2011 – Europe needs a circuit breaker: Interviewed by ABC TV’s The 7.30 Report
24 OCT 2011 – Fixing Europe’s Impossible Algebra
27 OCT 2011 – Another emblematic EU non-event: A first reaction to the latest EU ‘agreement’
29 OCT 2011 – A leveraged EFSF or an ECB-brokered debt conversion? Europe’s recent scheme for resolving the crisis versus our Modest Proposal
9 NOV 2011 – The Euro, Greece, the World Economy: Part A of an hour long interview on ‘The Agenda’ with Steve Paikin (Ontario TV)
9 NOV 2011- The Euro, Greece, the World Economy: Part B, a debate with Colin Bradford and Mattias Matthijs (Ontario TV)
11 NOV 2011 – On the Brussels’ Agreement: Europe’s Reverse Alchemy in full throttle
14 NOV 2011 – Why is the euro at the end of its tether? When did the rot set in? Interviewed by Doug Henwood in New York for his radio program Behind the News
14 NOV 2011 – “The crisis in the eurozone” by James K. Galbraith
17 NOV 2011 – On the US, European and Greek Crisis: Video of a double act with Rick Wolff at the Brecht Forum
17 NOV 2011 – A simple and boring common bond
20 NOV 2011 – The Brussels Eurocracy is embracing eurobonds. But they seem determined to hold the wrong end of the stick
22 NOV 2011 – All the videos of the Euro Crisis Conference held at University of Texas, 3rd and 4th November
24 NOV 2011 – A sadly apt poem for Europe’s current course…
25 NOV 2011 – A fresh proposal for escaping the euro crisis. Guest post by Alain Parguez
27 NOV 2011 – Abandoning a sinking ship? A plan for leaving the euro
6 DEC 2011 – Two eurocrisis guest posts: Diagnosis (by Jan Toporowski) and cure (by Stuart Holland)
9 DEC 2011 – The essence of the New Eurozone, as envisaged by the latest Treaty Change. Guest post by Joseph Halevi
13 DEC 2011 – No plan for either Europe or Greece: Guest post by Jerry Goldstein
15 DEC 2011 – NEVER BAILED OUT: Europe’s ants and grasshoppers revisited
11 JAN 2012 – Greece’s PSI is Dead on Arrival: An error in search of a rationale but also a failure that may prove a harbinger for the Modest Proposal
12 JAN 2012 – A brief note on Tobin’s Tax and Merkozy’s naked cynicism
14 JAN 2012 – On the true causes behind France’s downgrade
17 JAN 2012 – On Sky TV discussing the PSI+ negotiations, interviewed by Jeff Randall
17 JAN 2012 – Why, for Greece’s and Europe’s sake, the PSI ought to fail
30 JAN 2012 – Pointless fury: Why both German and Greek politicians are wrong to be angry
14 FEB 2012 – CAUTERISE AND PRINT: GERMANY’S NEWEST PLAN A
22 FEB 2012 – Crisis Appeasement: The new Greek Bailout as a ‘Euro in Our Time’ moment
24 FEB 2012 – Winston Churchill on Greece’s Bailout Mark 2 (almost)
26 FEB 2012 – Europe’s impending Phantom Limp Syndrome
28 FEB 2012 – On the Political Economy of Eurozone Bailouts – The curious bargain of Greece’s Hayekian neoliberals
6 MAR 2012 – When I say it it is dismissed as another Greek begging. When Der Spiegel says it… Stop the Second Bailout Package!
12 MAR 2012 – What was it all for? The latest Greek Bailout-PSI in the Morning After’s cold light
17 MAR 2012 – The IMF’s preemptive smokescreen for covering up another foretold program failure
21 MAR 2012 – Something not wholly uninteresting happened the other day at the EFSF
26 MAR 2012 – Politics as television by other means: Mrs Merkel telling us that Greece is here-to-stay and the ESM will co-exist with the EFSF
1 APR 2012 – Europe’s Periphery: A postmodern version of Britain in the 1930s?
25 APR 2012 – Why Won’t Germany Turn? Joseph Halevi’s insightful analysis, circa 1995
29 APR 2012 – A litmus test for the theory that Europe, in the end, ‘gets it right on the night’: Will it allow the EFSF to recapitalise banks directly?
20 MAY 2012 – Guest Post: Today Germany is the big loser, not Greece – by Marshall Auerbach
24 MAY 2012 – Fiscal Waterboarding versus Eurobonds: Misrepresenting the latter to effect the former
27 MAY 2012 – What does bank recapitalisation mean? An exchange with Joseph Halevi
29 MAY 2012 – It is (un)official (but true): Spain is the fourth fallen Eurozone member-state
31 MAY 2012 – From Ponzi Growth to Ponzi Austerity
3 JUN 2012 – Italy’s Own Goal: Guest post by Joseph Halevi
3 JUN 2012 – Why Europe should fear Fine Gael-like ‘reasonableness’ much, much more than it fears Syriza
7 JUN 2012 – Solidarity Euro-Style: Finnish loans, ECB bond purchases, EFSF tough love and assorted horror stories from the postmodern Euro-Workhouse
10 JUN 2012 – Spain’s Blood Wedding, Ireland’s Muted Rage, Europe’s tragedy
13 JUN 2012 – GERMANY’S CONSTITUTIONAL CONUNDRUM: Guest post by Marshall Auerback
17 JUN 2012 – Message to the BBC and assorted international media on this Greek Election Day: Try to recover your journalistic principles even at the eleventh hour!
18 JUN 2012 – Interviewed by Robert Wright on the Euro Crisis Extensive interview with Robert Wright (author of The Evolution of God, Nonzero) on the Euro and Greek Crisis – for bloggingheads.tv.
18 JUN 2012 – The Greek Election as a manifestation of Europe’s Hobbesian Moment
24 JUN 2012 – And the Good Ship Greece Sails On: ‘Letter’ to an Italian colleague
28 JUN 2012 – A(nother) PROPOSAL FOR SAVING THE EURO ZONE: Guest post by Marshall Auerback
29 JUN 2012 – June 2012 EU Summit Verdict: A good decision that will, probably, go to waste
4 JUL 2012 – The Latin Troika’s Coup: what is left of the joy it generated a week later
9 JUL 2012 – Criticising Germany: Three principles for the fair assessment of proud nations
17 JUL 2012 – It is now official: The Eurozone’s monetary transmission system is broken
18 JUL 2012 – Bankruptocracy in the Greek Sector of Bailoutistan: The aftermath of the Reuters Report on Piraeus Bank
22 JUL 2012 – What the EIB makes the ECB unmakes: The latest from the Greek front
23 JUL 2012 – A Mental Experiment for establishing the relative mood for solving the Crisis in Europe, in Britain & in the USA
3 AUG 2012 – The week when Mr Draghi greatly diminished the office of ECB President and sacrificed the fiscal-monetary policy distinction
6 AUG 2012 – Convertibility Risk: Acknowledged but not addressed
17 AUG 2012 – Punishment or Aid? Holland’s TROUW newspaper sets up a debate between myself and Hans Werner Sinn
17 AUG 2012 – What Mr Draghi should be aiming at: Or how to move from Ponzi Austerity to Rational Crisis Management by a stepwise implementation of the Modest Proposal
20 AUG 2012 – A warning from the past: N. Kaldor on the Eurozone
23 AUG 2012 – The three conditions for the ECB to cap spreads successfully: and why they will not be met
4 SEP 2012 – While awaiting Mr Draghi’s 6th September statement, a reminder: “It is the German banks, stupid!”
12 SEP 2012 – Europe’s Modern Titanomachy: How Europe’s future is being shaped by large battles on seemingly small matters PART A – In the balance
13 SEP 2012 – Europe’s Modern Titanomachy: How Europe’s future is being shaped by large battles on seemingly small matters (Part B) PART B – Mr Draghi’s nod to Euro-loyalists
17 SEP 2012 – Europe’s Modern Titanomachy: How Europe’s future is being shaped by large battles on seemingly small matters (Part C): The Euro-critics interpretation of OMT as a non-credible mechanism that may seal Europe’s disintegration
23 SEP 2012 – Two questions for Mr Mario Monti
24 SEP 2012 – Austerity-stricken Europe within a slowing global economy
26 SEP 2012 – A Hobson’s Choice for Europe? Reply to Tom Hirst’s piece on ‘What Needs To Be Done’ in the Eurozone
2 OCT 2012 – A 45′ interview on the Euro Crisis: Interviewed by Tom O’ Brien
11 OCT 2012 – Audio: At Columbia Law School discussing the Causes and Nature of the Euro Crisis, 5th October 2012
14 OCT 2012 – On the prospects of the Greek fiscal consolidation program: interviewed by (Austrian magazine) Format
17 OCT 2012 – Should the completion of the Single Market be Europe’s top priority now? Watch the video of the 90-minute debate
18 OCT 2012 – The Euro Crisis as a spectacular political failure: My first double act with Norman (Lord) Lamont. MELBOURNE ADDRESS – CPA, Tuesday 16th October 2012
25 OCT 2012 – The worst enemies of European unity are those who profess to serve it: The second double act with Norman (Lord) Lamont. Address at the CPA Sydney Conference, 2012
25 OCT 2012 – On ABC Radio National: The Euro Crisis and how to resolve it
25 OCT 2012 – Discussing Greece and Europe on Business Spectator; interviewed by Robert Gottliebsen
31 OCT 2012 – At the British Parliament, where my message to British Eurosceptic parliamentarians was “Those who despise the euro the most have the highest moral duty to help fix it!”
13 NOV 2012 – DESIGN DEFECTS AND POLICY FAILURES: An institutional analysis Of The Eurozone Crisis: Video of the Varoufakis-Auerback presentations, Columbia Law School
1 DEC 2012 – The Eurozone after the November Eurogroup ‘Greek Deal’: On the current state of play
7 DEC 2012 – At the Kreisky Forum: Why have Europe’s social democrats surrendered to the toxic logic of current policies?
8 DEC 2012 – On Bruno Kreisky’s legacy: A reply by Klaus Kastner, with a rejoinder from me
16 DEC 2012 – Taking stock of the Global and Euro Crisis
27 JAN 2013 – Some of us always said it: Grexit was an incredible threat
9 FEB 2013 – European Banking Union: Behind the rhetoric
12 FEB 2013 – Are Ireland and Portugal out of the woods? An updated version
22 FEB 2013 – Europe needs a hegemonic Germany
14 MAR 2013 – Lest we forget: The neglected roots of Europe’s slide to authoritarianism
18MAR 2013 – Cyprus’ Stability Levy: Another sad euphemism (updated on 18th March)
20 MAR 2013 – Cyprus Parliament’s gift to the Eurozone
23 MAR 2013 – While waiting for Cyprus’ Godot….
23 MAR 2013 – On BBC Radio 4, talking Cyprus
25 MAR 2013 – On Cyprus, the Eurozone and the Australian economy: A 30′ minute interview by Doug Henwood
25 MAR 2013 – The Good, the Bad and the Extremely Ugly (aspects of the Cyprus deal)
27 MAR 2013 – What should the ESM’s role be in stemming the banking crisis? A clarification
27 MAR 2013 – Cyprus’ dire repercussions for the Eurozone: On RT tv
12 APR 2013 – Germany’s continued dependence on the Eurozone’s stragglers
27 APR 2013 – Intransigent Bundesbank: Mr Jens Weidmann’s surreptitious campaign to bring back the (greater) Deutsch Mark
2 MAY 2013 – Taking stock: May Day video discussion with Unite Solidarity International
3 MAY 2013 – Macroeconomic experiments: Abenomics versus Euro-austerity, on ABC’s online periodical THE DRUM
29 MAY 2013 – “Austerity vs. Growth – A False Dilemma?”, OECD FORUM, 28th May
29 MAY 2013 – Is Europe loosening up austerity’s iron clasp?
30 MAY 2013 – Austerity, the Gold Standard and the Eurozone: Today’s Guardian Editorial
31 MAY 2013 – Defining Austerity
3 JUN 2013 – Mixed messages from the IMF: Interview with Tom Hirst
6 JUN 2013 – The IMF’s Anger – and what it means for the Eurozone’s crashing Periphery
9 JUN 2013 – Deutsche Welle: Is the IMF’s Greek Mea Culpa motivated by anger over Germany’s undermining of Banking Union? DW’s most recent Top Story focused on the IMF’s report of Greece, and its famous Mea Culpa. DW quotes my view that ”… IMF economists are considering an exit from the Troika and are now paving the path for it… They don’t want to watch idly as Germany is trying to undermine the planned European banking union…”
21 JUN 2013 – The Death of Direct Bank Re-capitalisation: Europe’s (newest) day of shame
23 JUN 2013 – EUROPE UNHINGED – Article in the European Financial Review
28 JUN 2013 – “Europe’s house is on fire. No room for complacency.” – Keynote by James Galbraith at the European Parliament
11 JUL 2013 – Taking stock of the Euro Crisis – a prelude to (the forthcoming) Version 4.0 of the Modest Proposal
12 JUL 2013 – Taking stock of the Euro Crisis on the Keiser Report (video)
21 JUL 2013 – THE ANNOTATED WOLFGANG SCHÄUBLE – Commentary on his Guardian article, 19th July 2013
29 JUL 2013 – The Germany Europe and the World Need – my article in HANDELSBLATT
2 AUG 2013 – Klaus Kastner gives up on the Eurozone (and Greece’s prospects of recovering within)
2 SEP 2013 – Was Chancellor Merkel right (about Greece)?
15 SEPT 2013 – Why asymmetrical monetary unions are bound to fail (unless they feature an effective, extra-market surplus recycling mechanism)
28 SEP 2013 – What Merkel’s Third Term Means for Europe
7 OCT 2013 – Johnny (Paulson) Got His Gun (and is aiming at some grim, Greek pickings)
23 OCT 2013 – The Dirty War for Europe’s Integrity and Soul – Inaugural Europe Public Lecture, State Library of NSW, Sydney
5th NOV 2013 – Yves Leterme on the Eurozone Crisis
7th NOV 2013 – Ponzi Austerity: A defintion and an example
1 NOV 2013 – The US Treasury is right about Germany’s Eurozone policies: Here is why
12th NOV 2013 – Does Europe pose a threat to US and global recovery: Lessons for the US (audio)
29 JAN 2014 – The Bundesbank’s proposals possess both rhyme and reason
3rd FEB 2014 – Germany’s choice: Hegemony or authoritarianism?
8th FEB 2014 – Professor Bofinger’s Euro-bundles: What are they?
15 FEB 2014 – Bitcoin: A flawed currency blueprint with a potentially useful application in the Eurozone
8 MAR 2014 – On the Ukraine: Three awkward questions for Western liberals and a comment on the EU’s role
9 MAR 2014 – Open Letter to Scotland’s First Minister – and ‘If Scotland, why not Greece?‘
18 MAR 2014 – Why has the Eurozone bond market stabilised?
20 MAR 2014 – 70 economists petition for a Portuguese debt restructure
21 ΜΑR 2014 – Why I signed the petition in favour of a Portuguese debt restructure
31 MAR 2014 – Reaching For Our Revolvers: How a United Europe defused its culture and divided its people
1 APR 2014 – Europe’s latest policy on Irish and Greek banking losses: A tale of two swindles too similar for comfort
10 APR 2014 – THINK BIG, THINK BOLD: Toward a Pan-European, Green New Deal
7 MAY 2014 – On Europe’s deflationary tendencies and what to do about them (interview with Jornal de Negócios)
11 MAY 2014 – How the Greek Banks Secured an Additional, Hidden €41 billion Bailout from European taxpayers
24 MAY 2014 – European Parliament Elections: Our choice between Euro-loyalists, Euro-sceptics & Euro-critics
29 MAY 2014 – A Europe of One Extreme: Interviewed by Thomas Fazi on the European Parliamentary Election outcome
6 JUN 2014 – The ECB’s Triple Hole in the Water
11 JUN 2014 – Whither Europe? The Modest Camp vs the Federalist Austerians – in Open Democracy
23 JUN 2014 – A European New Deal financed by the EIB, with ECB QE-backing, is the optimal policy: Now recommended also by W. Münchau
27 AUG 2014 – ON EUROPE’S RETREATING UNION: DIAGNOSIS AND A PROPOSAL
29 AUG 2014 – WHY IS EUROPE NOT ‘COMING TOGETHER’ IN RESPONSE TO THE EURO CRISIS?
7 SEP 2014 – CAN EUROPE ESCAPE ITS CRISIS WITHOUT TURNING INTO AN IRON CAGE?
9 SEP 2014 – Discussing Scottish Independence and the demerits of a Sterling Union on KPFA Radio (Berkeley, CA)
9 SEP 2014 – Is Mr Draghi’s ‘turn’ significant? Is Germany ‘turning’? Can Europe escape its ‘iron cage’? Plus, on the Scottish currency plans – on Boom-Bust RT-tv
24 SEP 2014 – Mr Juncker should look to an EIB-ECB alliance, not to the ESM
23 OCT 2014 – It is time for the ECB to purchase EIB bonds: Bruegel’s Guntram Wolff sides with our proposal
27 OCT 2014 – The ECB’s Stress Tests and our Banking Dis-Union: A case of gross institutional failure
27 OCT 2014 – Discussing the ECB stress tests on RT tv
29 OCT 2014 – ECB stress tests: The view of an insider – Guest post by Klaus Kastner
30 OCT 2014 – Today’s Eurozone seen from an investor’s perspective – Keynote (audio)
6 NOV 2014 – Why is Europe not ‘coming together’ in the aftermath of the euro crisis? – audio
10 NOV 2010 – Why the Fiscal Compact is, legally, null and void: Interview by Giuseppe Guarino
13 NOV 2014 – CRUSH THE GREEKS! The Greek bailout revisited in the light of the Geithner revelations
16 NOV 2014 – Was Maastricht another Versailles for the German nation? A reply to Klaus Kastner
9 DEC 2014 – Ten questions on the Eurozone, with ten answers