Heterodox
The full transcript of my discussion with Noam Chomsky at the New York Public Library (26th April 2016) was just sent to me by Kelly Patrick Gerling. I thank him profusely. Here it is, just below the video window [embedded content] April 26, 2016, LIVE from the New York Public Library, http://www.nypl.org/live, Celeste Bartos Forum YANIS VAROUFAKIS: Good evening, we don’t have anyone to introduce us, so I’ve been asked to kick off by saying firstly that isn’t this wonderful that we are all...
Read More »Mr Stournaras’ New Deal: Too late, too cynical
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!...
Read More »The ECB’s Illusory Independence – Project Syndicate op-ed
GREECE’S ENDLESS LOOP OF DOOM – full version of New York Times op-ed
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...
Read More »An alternative for Greece
Nikolaos Bourtzis (Guest blogger)There we have it again. Another one of those clashes between Greece’s creditors and the Greek government. For the millionth time, the Troika, I’m sorry I mean the institutions, are demanding that Greece comes up with policy suggestions that could bring in 3.6 billion approximately in fiscal savings.This time, though, is different because these are going to be a “just in case” package, a buffer in case the government misses its fiscal targets. The government...
Read More »How bad is the Greek crisis in one graph
Real GDP starting in 1929 for the US and 2007 for Greece. Back then, with the New Deal, the US economy had essentially recovered after less than a decade. But there is no solution in sight for Greece now. This summer with more payments due, and the Brexit discussion on top, should bring new developments.
Read More »More on the Greek Crisis at the Rick Smith Show
Galbraith on the plan B for Greece
Slow (really slow) posting this summer. Here a few links to Jamie's role on the Greek Ministry of Finance Working Group convened by Varoufakis. Here he clearly says that: "At no time was the Working Group engaged in advocating exit or any policy choice. The job was strictly to study the operational issues that would arise if Greece were forced to issue scrip or if it were forced out of the euro." So it was a plan B in case of Grexpulsion, not a tactical negotiation tool or a threat of...
Read More »More on Greece at the Rick Smith Show
Lapavitsas Calls for Exit as the Only Strategy for Greek People
Lapavitsas says exit is the only option. He may be right, of course, since the European institutions are impermeable to change. Via Real News Network.
Read More »