Tag Archives: Greek crisis

For der Freitag’s site click here. To read my original English answers… Mr Varoufakis, the current unemployment rate in the Eurozone is at 9,8%, the lowest since July 2009. One could get the impression things are getting better… It is, I grant you, still perfectly possible for those who wish to remain in denial to read the data in a manner that allows them to remain in denial – to their own detriment and to the detriment of Europe. But for those who want the unembellished truth, the...

by Eric Reguly for The Globe and Mail Having lost the old fight over Greece’s financial future, Mr. Varoufakis is focused on a different cause: preserving the European Union Click here for The Globe and Mail site and here for a pdf of the article. Alternatively… The explosive public career of Yanis Varoufakis started in January, 2015, and ended less than six months later, when he resigned as Greek finance minister after accusing his boss, Prime Minister Alexis Tsipras, of wholesale...

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ATHENS – Since the summer of 2015, Greece has (mostly) dropped out of the news, but not because its economic condition has stabilized. A prison is not newsworthy as long as the inmates suffer quietly. It is only when they stage a rebellion, and the authorities crack down, that the satellite trucks appear. [To read on click here]

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I had no doubt Donald Trump would win, just like I had no doubt Brexit would happen, so maybe I’m not as shell-shocked as you,” says Yanis Varoufakis. The former Greek finance minister is speaking to me several days after the Republican candidate’s historic victory. He doesn’t sound smug about being so prescient, more resigned, deflated, defeated. The left has been here before. Over the course of an hour-long conversation, Varoufakis soothed my caffeine-jangled nerves with the thought...

[Originally published in Zocalo] British citizens took to the polls to cast their “Leave” ballots—and their grievances—in the now-infamous Brexit vote last June, seeking to escape the overarching power of the European Union. Their triumph stunned British and global elites, but shouldn’t have; the odds were stacked in the Leave camp’s favor. The groundwork for the Brexit debacle was laid the previous summer when Europe crushed the progressive pro-European SYRIZA government elected in...

In This Review And the Weak Suffer What They Must? – Yanis Varoufakis Welcome to the Poisoned Chalice: The Destruction of Greece and Europe – James K. Galbraith The Euro: How a Common Currency Threatens the Future of Europe – Joseph Stiglitz Some foreign policy decisions hang like albatrosses around the necks of the states that made them. For the United States, the war in Iraq offers the prime example of a costly and seemingly irreversible blunder. For...

Yanis Varoufakis responds to Alexis Cukier and Patrick Surain, who challenged him on his time as Greek finance minister, the feasibility of reforming existing EU structures, and a left-wing exit from the EU. Read ‘the challenge’ here. Friends, Thank you for your article in reply to my op-ed ‘The Left After Brexit’. Here is my response to your important questions and retorts, which I take the liberty to summarise in the following headings: 1. Why did I sign the 20 February 2015 agreement...

Europe is disintegrating and this could come at great human cost, Greece’s fiery former finance minister warned on Tuesday. “The great fear is that the disintegration of the European Union — whatever you may think about the European Union — is going to come at a very, very large human cost,” Yanis Varoufakis told CNBC in London. “That kind of Europe is one that breeds monsters. It is not the kind of Europe that the world needs,” he later added. He spoke to CNBC at a time of heightened...