Tag Archives: European Crisis

Today is a historic day. Post-Brexit the EU is entering a new, furious phase of disintegration. DiEM25’s initial response can be read here. Tomorrow I sum up my reaction in two articles (one in The Guardian and one in Project Syndicate – plus a Greek one in Εφημερίδα των Συντακτών). Till then I think it useful to revisit the 26th April discussion I was honoured to have with Noam Chomsky at the New York Public Library. [embedded content]

In April 2015 I was vilified for refusing to bow to the troika’s demands for a ridiculously high 3.5% primary surplus and for countering the creditors’ failed ‘program’ with a growth plan dubbed A New Deal for Greece. Not only was I vilified by the troika but I had to deal with a Governor of the Bank of Greece who was fully in cahoots with the troika, backing the creditors rejection of my New Deal proposals and even claiming that my insistence on A New Deal cost Greece 85 billion euros!...

By: Professor Vikas S. Shah, Thought EconomicsJune 11th, 2016 – Download this paper as a PDF here , or click here for the original site at thoughteconomics.com On June 23, 2016 the people of the United Kingdom will be asked the single most important political question in modern history, “Should the United Kingdom remain a member of the European Union?” The ‘European Question’ is not a simple one.  The population is being asked to distil hundreds of years of geopolitics, economics, culture,...

Click here for the pdf of the article that resulted from the talk below and which was published in the Australian Journal of Political Economy  [embedded content]

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FOR THE PUBLISHED VERSION IN SPANISH, CLICK HERE. For the original Q&A (in English)… -Has Europe become a new bureaucracy? Are we governed by technocrats? As you describe them in the book, European Union and the European Central Bank have turned into completely inefficient organizations. Have they?  The Commission was, from the beginning, devised as the bureaucracy to run the affairs of a heavy industry central European cartel. This is not new. What is newer is the ECB that was...

Labour’s Shadow Chancellor of the Exchequer, John McDonnell has now joined forces with DiEM25.   John is the latest in a rapidly expanding list of illustrious DiEM25 participants, including Ken Loach and Brian Eno (from the UK), Noam Chomsky and James K. Galbraith (from the US). John McDonnell and Yanis Varoufakis (DiEM25 co-founder) have been campaigning alongside for months to usher in a progressive economic agenda for the UK as well as to present the radical, progressive case for...

On 31st May 2016 the New York Times published the op-ed below (under a title that is unfortunate and not my choice). (For the NYT site, click here.) The version below is the original and contained graphs and data that could not be fitted in the printed version. (You can also download a pdf of the full article here.) Athens — After last summer, when the clash between Greece’s recently elected Syriza government and the insolvent state’s creditors ended, the world’s media moved on. The...

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