PROGRESSIVE INTERNATIONAL

As harsh austerity and xenophobic nationalism fester in Europe, Yanis Varoufakis discusses his antidote with Tellus Senior Fellow Allen White.

What inspired your career trajectory from academic economist to prominent supranational activist?

At this year’s The World Transformed, we caught up with some of the key figures in the movement for a new economy and politics. In the grand finale of our exclusive series, Yanis Varoufakis speaks to ourEconomy about Brexit, the coming UK general election, a constitutional assembly for Britain, and his agenda of a new Bretton Woods, public investment banks and a universal basic dividend.

Last April, again in The Guardian, David Adler and I called for a particular Green New Deal to be implemented internationally. Now that a new recession is ante portas, we are renewing this call, suggesting that we cannot afford yet another ‘good’ economic crisis to go to waste.

It is with profound regret, and after much reflection, that I am pulling out as a speaker at an interesting and worthy international conference organised by TRT World in Istanbul on 21st October. I do so in protest of the Turkish armed forces’ invasion of Northern Syria.

Mark Carney, Governor of the Bank of England, recently said that we need a new international currency unit to replace the US dollar. In this BBC World Service program, I was asked what I thought of the idea. For more of a background to my answer click here. (For the whole BBC program, click here.)

The International Monetary Fund’s latest $56 billion loan to Argentina is at risk of failing again. The Argentinian peso has slumped and opposition leader Alberto Fernandez wants to ditch the austerity conditions attached to IMF bailouts that have so far failed to reduce inflation, stabilise the currency or halt recession. The Washington-based multilateral organisation monitors the global economy and fights the world’s financial fires. But as Argentina struggles to keep its economy together, it appears the IMF has tough questions to answer about its effectiveness.

By Yanis Varoufakis and David Adler: In times of crisis and catastrophe, children are often forced to grow up quickly. We are now witnessing this premature call to action on a planetary scale. As the adults in government accelerate their consumption of fossil fuels, children are leading the campaign against our species’ looming extinction. Our survival now depends on the prospects for a global movement to follow their lead and demand an International Green New Deal.

In the last week of May European citizens will have their last chance to vote in a European Parliament election that makes a difference. It will be a paneuropean election where we can, perhaps for the last time, oppose both faces of authoritarianism across Europe: (A) The inane authoritarianism of the business-as-usual establishment, and (B) The authoritarianism of the xenophobic Nationalist International that is reinforced by the establishment’s policy of socialism for the bankers and austerity for the many.

Monday 18 February, 20.00, live from Théâtre du Rond-Point. A discussion between Aude Lancelin and Yanis Varoufakis on politics and philosophy. Follow on @LeMediaTV.

The president of the World Bank, Jim Yong Kim, just stepped down  in search of greener pastures. His readiness to resign  prompted David Adler (DiEM25’s Policy Coordinator) to I to write this op-ed in The Guardian arguing for a New Bretton Woods. In this CNN interview David explains what we mean.