Tag Archives: Project Syndicate

ATHENS – Greece’s never-ending public-debt saga has come to signify the European Union’s inept handling of its inevitable eurozone crisis. Eight years after its bankruptcy, the Greek state’s persistent insolvency remains an embarrassment for Europe’s officialdom. That seems to be why, after having declared the euro crisis over in the rest of Europe, the authorities seem determined to declare final victory on the...

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How might opposing schools of economic thought – from neoclassical and Keynesian to Libertarian and Marxist, view Christmas presents? Levity aside, the answer reveals the pompousness and vacuity of each and every economic theory. ATHENS – To welcome the New Year with a cheeky take on the clash of economic ideologies, how might opposing camps’ representatives view Christmas presents? Levity aside, the answer...

ATHENS – The Anglosphere’s political atmosphere is thick with bourgeois outrage. In the United States, the so-called liberal establishment is convinced it was robbed by an insurgency of “deplorables” weaponized by Vladimir Putin’s hackers and Facebook’s sinister inner workings. In Britain, too, an incensed bourgeoisie are pinching themselves that support for leaving the European Union in favor of an inglorious...

Oct 31, 2017 YANIS VAROUFAKIS ,  GEORGE TYRIKOS-ERGASIn September alone, another 2,238 refugees arrived in Lesbos, despite Turkey’s attempts to cut the flow. A camp designed for 2,000 people now “houses” three times that number, behind rows of barbed wire, in a magma of mud, refuse, and human excrement.  ATHENS – In 2015, hundreds of thousands of refugees landed on Greece’s island shores. Many had perished at...

The Catalonia crisis is a strong hint from history that Europe needs to develop a new type of sovereignty, one that strengthens cities and regions, dissolves national particularism, and upholds democratic norms. Imagining a pan-European democracy is the prerequisite for imagining a Europe worth saving. ATHENS – To revive the ailing European project, the ugly conflict between Catalonia’s regional government and...

[embedded content] [embedded content] Yanis Varoufakis  discusses how to negotiate with the EU and his proposal to introduce fiscal money with Anatole Kaletsky, Co-Chairman of Gavekal Draganomics, David Alandete, Managing Editor of El Pais, and Torsten Riecke, Handelsblatt’s international correspondent.

ATHENS – Western capitalism has few sacred cows left. It is time to question one of them: the independence of central banks from elected governments. The rationale for entrusting monetary policy fully to central banks is well understood: politicians, overly tempted during the electoral cycle to create more money, pose a threat to economic stability. While progressives have always protested that central banks can...

ATHENS – Europe is at the mercy of a common currency that not only was unnecessary for European integration, but that is actually undermining the European Union itself. So what should be done about a currency without a state to back it – or about the 19 European states without a currency that they control? The logical answer is either to dismantle the euro or to provide it with the federal state it needs. The...

[Αναδημοσίευση από το ThePressProject άρθρου που αρχικά δημοσιεύτηκε στα αγγλικά στο Project Syndicate] Mήπως γιόρταζαν την αποσύνθεση της Ευρώπης, την οποία τώρα αποκαλούν Ευρώπη «πολλών ταχυτήτων» ή «μεταβλητή γεωμετρία»; Ή μήπως βρίσκονταν εκεί για να επικροτήσουν την «business as usual» προσέγγιση τους σε κάθε κρίση – μία προσέγγιση που έχει πυροδοτήσει τις φλόγες του ξενοφοβικού εθνικισμού σε όλη την...