Tag Archives: Brexit

[embedded content] Alphaville’s Jemima Kelly and Izabella Kaminska sat down with Yanis Varoufakis, former finance minister of Greece and current organiser of a trans-European group, DiEM25, of what he calls “radical Europeanists” — in favour of union, without deflation or austerity. Mr Varoufakis answers criticism from the left, pointing out that even if the euro or the EU were poorly...

[embedded content] Sharing a taxi with the FT to give my view on how Prime Minister Theresa May undermined herself – and on the steps that must be taken next. https://www.ft.com/video/01aef2cb-81b9-4dbb-9f8b-85a0c9559097

[embedded content] “Britain needs a People’s Debate on its business model and its Constitution independently of how Brexit pans out… The most sensible way would be for the UK to exit the EU but stay in both a Custom’s Union and the Single Market for an indefinite period (though not forever). After the People’s Debate is complete, a People’s Vote can decide whether Britain rejoins the EU or...

Brexit is, undeniably, important. The Prime Minister’s faulty negotiations have now turned what the majority of the British people considered an opportunity into a national crisis. However, now is perhaps the moment to reflect that, in an era of trade wars, geopolitical realignment and existential threats to our nations’ democracies, Brexit is not as important as we have allowed ourselves to imagine....

Imagine that we knew the day of our death. Our lives would change drastically. Though we know we shall surely die, not knowing precisely when the mortal coil will be shuffled off makes all the difference, allowing us to live life productively on a day-by-day basis. For exactly the same reason, the fixed deadline embedded in Article 50 of the Lisbon Treaty guaranteed that nothing good would come out of the...

The increasing uprising against Modern Monetary Theory (MMT) in the media is salutory because it means our ideas are now considered to be a threat to the mainstream economics (for example, Paul Krugman now buying into the carping) and to the heterodox tradition (for example, the British economists who self-identify with that tradition). The high profile debate around the Green New Deal has been associated with MMT and this has brought all sort of crazy attacks on MMT from those who think...

Britain’s prime minister has been remarkable in resolutely following a ruinous path that she keeps insisting remains the least perilous road to Brexit. Theresa May’s first crime against logic was to trigger Article 50 without a plan of what to do on 29 March 2019 if no deal had been struck with Brussels. Her second was to forfeit any bargaining power she had by accepting Michel Barnier’s two-phase negotiation...

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Britain is teetering on a knife’s edge: about to crash out of, or back into, the European Union. Either outcome would represent a defeat for democracy in the UK and in the EU. Crashing out would inflict substantial economic hardship on the weakest in Britain. It would boost jingoism and parochialism, drive England further apart from Scotland and Ireland, and expose the UK to the vagaries of a Trump administration...

The overwhelming defeat that Britain’s Parliament inflicted upon Prime Minister Theresa May’s Brexit plan was fresh confirmation that there is no substitute for democracy. Members of Parliament deserve congratulations for keeping their cool in the face of a made-up deadline. That deadline is the reason why Brexit is proving so hard and potentially so damaging. To resolve Brexit, that artificial deadline must be...