Is the financial deprivation of entire nations engendering a new level of frustration and political unrest? Are the unlikely top-ranked US presidential candidates a sign that the Europeans aren’t the only ones who want to “throw the bums out?” These emerging political themes are the subject of It’s Our Money, as Ellen engages renowned author, […]
In his Monday column on MarketWatch David Marsh entitled his opinion piece: “Varoufakis vidicated, while Lagarde emerges as a loser”. Of course the point is not whether I have, or have not, been vindicated. The crucial issue concerns the viability, or … Continue reading →
Novelist Christos Tsiolkas (The Slap, Baraccuda etc.) wrote this piece (for the Australian magazine MONTHLY) from a Greek-Australian perspective (after the two of us had talked extensively over the telephone). Click on the photo above or… Down the road from my … Continue reading →
Claudi Pérez, of El Pais, inteviewed me in our Athens apartment last week. Here is the article that emerged recently in El Pais. The complete, unedited, transcript (in English) follows: Why do all the interviews of you I have read begin … Continue reading →
Dr. Ludger Schuknecht, senior economist at the Germany Finance Ministry, explains his ministry’s viewpoint regarding Greece. This viewpoint essentially holds that Eurozone countries should live within their means; adjust to their debt burdens; and take their reform medicine as needed. If … Continue reading →
Plan would have eased Greece’s chronic liquidity shortage, writes Yanis Varoufakis in the Financial Times. A paradox lurks in the foundations of the eurozone. Governments in the monetary union lack a central bank that has their back, while the central bank lacks … Continue reading →
For the Guardian site click here. Or… Yanis Varoufakis has few friends in official circles these days. Greece’s outspoken former finance minister has long been loathed by his erstwhile eurozone counterparts, on whom he counterproductively impressed their mediocrity. Since he … Continue reading →
IMF cannot join Greek rescue, board told … reports Peter Spiegel from Brussels in today’s Financial Times. He adds:“Some Greek officials suspect the IMF and Wolfgang Schäuble, the hardline German finance minister, are determined to scupper a Greek rescue despite … Continue reading →
Click on the image above for the LMD site. Or… The trouble with Greece In 2010 the Greek state lost the capacity to service its debt. Put simply, it became insolvent and, thus, lost access to capital markets. To prevent … Continue reading →
In Defense of Varoufakis by MOHAMED A. EL-ERIAN Click here for the Project Syndicate site. Or… LONDON – From blaming him for the renewed collapse of the Greek economy to accusing him of illegally plotting Greece’s exit from the eurozone, … Continue reading →
