Tag Archives: DiEM25

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[embedded content] On Monday 19th May 2020, Chancellor Merkel and President Macron announced a joint proposal for a 500 billion euro common fund, to be financed by allowing the European Commission to borrow from the money markets. The fund will, according to the Merkel-Macron proposal, finance directly businesses across the EU – by means mainly of transfers. Is this a breakthrough? Here is my...

[embedded content]   In December 2018, the Democracy in Europe Movement (DiEM25) and the Sanders Institute issued an open call to all progressive forces to form a common front.”It is time for progressives of the world to unite. The Progressive International takes up that call. We unite, organise, and mobilise progressive forces behind a shared vision of a world transformed.” Become a member...

DiEM25 was created in February 2016 because Europe was disintegrating as a result of a pseudo-technocratic takeover of the EU that was imposing austerity everywhere in response to the financial crisis caused by the EU pseudo-technocracy’s controllers. Today, now that a mindless virus has placed European capitalism in suspended animation, it is time to re-assess our analysis and to re-purpose our policies. Our...

Later today, Thursday 23rd April, the EU Council will meet to discuss the common European response to the Great New Recession caused by the pandemic. Their agenda should comprise one, and only one, item: How to ensure that the necessary increase in public deficits will not show up in the fiscally stressed member-states’ national budgets, so as not to boost already non-viable public debt levels. If the EU Council...

  The Eurogroup approved a 500 billion package to fight the crisis. You recently wrote in the Guardian that The EU’s coronavirus relief deal is a gift to Europe’s enemies. Explain. To begin with, the 500 billion euros is almost entirely loans. It’s exactly what Europe doesn’t need, especially like the countries that were hit the hardest, like Italy or Spain or Greece, which have the least capacity to have the...

Today, on the Thursday symbolising the Last Supper, it is hard for Greeks to take their minds off last Thursday, 9th of April 2020 – the day that the Eurogroup shamelessly condemned our long-suffering people, along with millions of Italians and millions of other Europeans, to huge new austerity precisely at the time they will be struggling to recover from lockdown and massive economic depression. Dark days are...

[embedded content] Discussing the toxic impact of the Eurogroup agreement of 9th April 2020 on Italy and Europe at large. Interviewed by Richard Quest on CNN’s Quest’s World

The lack of EU help for the states hardest hit by COVID-19 is the latest sign of the hollowness of “European solidarity.” As Yanis Varoufakis tells Jacobin, the European Union’s institutions are hardwired to ignore the needs of the social majority — preferring to allow mass suffering than to change their own rules. Yanis Varoufakis is used to controversy. Since stepping down as Greece’s finance minister in 2015,...