Tag Archives: Greek crisis

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...

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,...

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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...

TIME FOR RESIGNATIONS AT THE IMF, THE ECB & THE COMMISSION TIME FOR AN APOLOGY TO THE PEOPLE OF GREECE TIME  FOR A POLICY U-TURN, BEGINNING WITH IMMEDIATE DEBT RELIEF, THE END OF AUSTERITY & THE CESSATION OF FIRE SALES TIME FOR THE RESTORATION OF GREEK DEMOCRACY This week began with a debate in Greek Parliament called by the Official Opposition (the troika’s main, but not only, domestic cheerleaders) for the purposes of, eventually, indicting me for daring to counter the...

This article by Tom Strohschneider was first published in the German newspaper Neues Deutschland. Read the German original here or the English version on the DiEM25 site.  In Athens, the opposition is currently trying to suck political honey out of a story that is actually already old hat: before and during the “Greek Spring”, the SYRIZA-led government made preparations for the possibility of a forced exit from the Eurozone. Now however, critics even speak of a “coup that never...

James K. Galbraith, a founding DiEM25 member, writes exclusively on DiEM25’s site about his latest book and his contribution to the first SYRIZA government’s Plan X – a defensive plan to be activated if Greece’s creditors made good of their threat to throw Greece out of the euro in response to the new government’s determination to re-negotiate the troika’s failed ‘Greek program’. Yesterday, on the first anniversary of the courageous OXI vote of the Greek people, the Greek oligarchic media...

DiEM25 Jul 5, 2016, Articles, Press releases Today DiEM25 marks the anniversary of the brave Greeks’ OXI (No!) referendum vote but also of its own beginnings. “Our NO is a majestic, big YES to a democratic Europe!”, wrote Varoufakis at the time, heralding the gist of DiEM25 – namely that, a Yes to a sustainable, democratic Europe must pass through the tortuous but worthy path of a No to an authoritarian, austerian, troika-controlled EU. DiEM25 was born at the time the Athens...

On the anniversary of the troika imposed capital controls on Greece, the struggle of the Greek people has become the struggle to save Europe – from the DiEM25 site A year has passed since the troika and the ECB closed the Greek banks and imposed capital controls. During the same time, the same culprits are trying to lay the blame for their blatant violation of a monetary union’s logic on the Athens Spring and the Greek people’s determination to escape from the five-year long debt-bondage....