Tag Archives: European Crisis

Der griechische Ex-Finanzminister sagt, der Geist Bruno Kreiskys sei verloren gegangen. 31.08.2016, 14:01 Der frühere griechische Finanzminister Gianis Varoufakis hat in Alpbach bei einem Pressegespräch auch zur österreichischen Innenpolitik Stellung genommen. Er kritisierte dabei die von den Sozialdemokraten übernommenen Inhalte rechter Politiker, wie die Errichtung neuer Grenzen. Damit sei das Ende der Sozialdemokratie, wie sie von Bruno Kreisky inspiriert worden sei, erreicht...

In October 2015, I had the opportunity to debate, in Munich, Professor Hans Werner Sinn on the European Monetary Union and, more broadly, Europe’s economy . On 30 August 2016, at the Alpbach European Forum, I debated Professor Sinn’s successor as President of IFO, Professor Clemens Fuest. [Click here, or the image above, for video of the two keynotes and the debate.] This Alpbach Keynote Debate was organised along the lines of the following proposition/question “The market economy is the...

By James K. Galbraith (Click here for the Globe’s site) IN PROTESTING the Treaty of Versailles ending World War I, John Maynard Keynes wrote: “The policy . . . of depriving the lives of millions of human beings, of depriving a whole nation of happiness should be abhorrent and detestable — abhorrent and detestable, even if it were possible, even if it enriched ourselves, even if it did not sow the decay of the whole civilized life of Europe.” Last year’s third bailout of Greece, imposed by...

A few weeks ago, Stefan Aust, Die Welt’s editor and formerly the heart and soul of Der Spiegel, paid me a visit at our Aegina house. We spoke for a good two hours on Europe, Germany, Greece and, of course, DiEM25. It was a serious, pleasant and at times passionate discussion. On 14th August the article-interview was published. For Die Welt’s site click here. (For the interview, as published, in pdf form click: Part 1 & Part 2) Alternatively… “Merkel hat keinen Plan” Von Stefan Aust...

Interviewed by David de Jong, Bloomberg News [embedded content]

How the IMF and the EU screwed Greece: It’s Official (Title as it appeared on the ABC’s website) https://varoufakis.files.wordpress.com/2016/08/lnl_20160810_2220-vindicated-varoufakis.mp3

Athens daily Kathimerini published a letter signed by 23 ‘US-educated Greeks’ sent to the University of Texas’ President denouncing James K. Galbraith (a long-standing professor there) for having helped me design a “monetary cum military coup d’etat”.  At least that was their description of my Plan X – a preliminary contingency plan to counter the European Central Bank’s Plan Z with which Greece is being threatened continually since 2012 – see the Financial Times report here. Once more,...

ATHENS – Politics in the advanced economies of the West is in the throes of a political shakeup unseen since the 1930s. The Great Deflation now gripping both sides of the Atlantic is reviving political forces that had lain dormant since the end of World War II. Passion is returning to politics, but not in the manner many of us had hoped it would. The right has become animated by an anti-establishment fervor that was, until recently, the preserve of the left. In the United States, Donald...

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You have read about the most recent IMF confession over its immolation of Greece. The question is: Does it signal a change in policies? Do not hold your breath! Recent history is pointing to a repetition of the crime-against-logic first committed in 2012 – an IMF tactic of confessing to the sin in order to repeat it with impunity! Back in June 2015, Olivier Blanchard, the then IMF Chief Economist, wrote an article that seemed reasonable: both sides (the troika and Athens) must make...