Tag Archives: English

As British Prime Minister Theresa May is finding out, disentangling a member state from the EU is an arduous and complex undertaking. But how much harder would Brexit have been had the United Kingdom adopted the euro back in 2000? ATHENS – “You can check out any time you like, but you can never leave.” Prior to the 2016 Brexit referendum, I borrowed this line from the Eagles’ 1976 hit “Hotel California” as an...

The state of permanent debt bondage, which threatens Greece with desertification, is in the mind of every Greek. Imposing emigration on our young, and indignity to those who stay behind, it hangs over the country like a thick, dark cloud. Unable to discern any light in the long night of our Great Depression, the Greeks’ humiliation is reinforced every time they hear the powers-that-be tell them, gleefully, that...

It is with great concern that we heard that Julian Assange has lost access to the internet and the right to receive visitors at the Ecuadorian London Embassy. Only extraordinary pressure from the US and the Spanish governments can explain why Ecuador’s authorities should have taken such appalling steps in isolating Julian. Only recently the government of Ecuador granted Julian citizenship and a diplomatic...

Perhaps the best known and respected conservative German economist, Hans-Werner Sinn (Munich University and for many years Chair of Ifo Institute), had this to say in reaction to the claims of various troika officials that I cost Greece billions of euros: “Yanis Varoufakis has acted very prudently and wisely to defend Greek interests… Arguing, conversely, that his policies cost the Greek state money is an absurd...

Last March, 15 activists chained themselves around an aircraft that was being used by British authorities to deport asylum seekers from Stansted Airport, many of whom had legitimate reasons to fear for their lives if returned to countries like Pakistan and Afghanistan. While at first the Stansted 15 were charged with aggravated trespass, the charges were soon upgraded to terrorism-related offences. This is...

Full script of my lecture at the Rose Theatre on Shakespeare: Since brevity is, indeed, the soul of wit, let me begin by stating the obvious: I am as qualified to deliver an annual Shakespeare lecture in this splendid theatre as an ant that walks in wonder on an iPhone is able to explain the mystery that goes on under its feet. When Professor Richard Wilson approached me out of the blue, during some political...

Mark Lawson, in today’s Guardian, previews my Annual Shakespeare Rose Lecture, ahead of tonight’s delivery. He begins with its title ‘Shake the Superflux’ and the statement: ‘The beauty of King Lear is that it encourages us to think about inequality’. Is Theresa May Macbeth? Might King Lear agree with Jeremy Corbyn? On Monday night, one of Europe’s leading political thinkers – former Greek finance...

Donald Trump is perhaps the US president best equipped to understand that some rise by sin, and some by virtue fall. His personal business plan always involved racking up enormous deficits and debts, before finding a way to unload them on to others – his employees and creditors mostly. Last week the US president imposed tariffs on steel and aluminium imports. The notion that he did so because he is concerned...

Thomas Wieser’s claim that Yanis Varoufakis and the Greek government of 2015 cost their economy 200 billion euros is ludicrous. As Wieser knows – because he was one of the architects of the policy – the Greek economy in 2015 was strangled by its creditors. The creditors inflicted severe damage from the first day: by undermining liquidity of the bank system, refusing to restructure the debt, insisting on harsh...

Yanis Varoufakis has emerged not only as an embattled finance minister, iconoclastic economist, and co-founder of the Democracy in Europe Movement (DiEM25), but a life-long lover of Shakespeare. He called the Greek debt crisis ‘a Shakespearean tragedy’, reported that observing the European Union is ‘like watching Othello’, and compared the world’s Deep Establishment to Shylock and Macbeth. Those who sold out were...