Tag Archives: English

The debate about the economic consequences of the Coronavirus pandemic has already begun: what do you think is easier to happen? Will it be a momentary crisis or a crisis destined to change our economic system forever? Neither. The consequences will be harsh and will not disappear any time soon. But, it will not, on its own, change the way capitalism works – even though, it is true, commentators revisit important...

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] Covid-19 has turned our lives inside-out, upside-down. It has put capitalism in suspended animation. It destroyed lives. It caused a new tsunami of poverty, demonstrated the deep class and race divides as some of us are privileged enough to be in isolation while an army of people out there labour for a pittance and at risk of infection to cater to our needs. But, as...

[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

Europe suffered a historic defeat on Thursday night. After weeks of impasse, the Eurogroup gathering of finance ministers, whose countries share the euro, reached a decision on their collective response to the coronavirus pandemic’s economic impact. Besides constituting an epic dereliction of duty, the Eurogroup’s decision dealt a decisive blow to the foundations of the European Union – much to the delight of...

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,...

[embedded content]

JPPE: Many economists have their explanations about where inequality comes from, such as financialization, credit, globalization, technology, and bad policy. When thinking about the causes of inequality in the last thirty years, are there specific areas you think we ought to devote our attention to?  Yanis Varoufakis: Well, there’s one word that answers your question: financialization. Financialization came...

[embedded content]

In this interview, the first to Indian media, Yanis speaks elaborately on the 2019 British election, Brexit, the E.U. crisis, the 2020 U.S. presidential election, the global financial crisis, rising ultra-national forces, the need for a progressive international movement, the DiEM25, rising inequality and the Greek crisis. How important is this year’s U.S. presidential election for the world? What were the...