DiEM25's Covid-19 Policy Response

Invited by the Bulgarian Central Bank’s Deputy Governor, here is a keynote I delivered in Sofia, on 2nd December 2021, in which I offer a historical  explanation of the nature and causes of our current inflation – as well as a proposed policy response that would help (but which vested interests are impeding).

Last week, upon hearing that Mario Draghi, as Italy’s new PM, employed McKinsey to advise the government on how to spend the billions of the EU Recovery Fund, I tweeted, in anger and frustration: So predictable, so sad: Mario Draghi hired McKinsey to ‘organise’ Italy’s distribution of the Recovery Fund monies. What next? Get the […]
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From denial, to grudging acceptance, to substantial intervention, to debacle: that was the European Union’s trajectory once the storm that nearly consumed Wall Street in 2008 had crossed the Atlantic, starting the euro crisis. Twelve years later, the EU’s reaction to Covid-19’s arrival is following an ominously comparable trajectory. Eurosceptics take aim at the EU’s […]

Imagine that the Bank of England were to create a free bank account for everyone. Overnight, it would be far better placed to regulate the money supply in the public interest. Moreover, to stay in business, commercial banks would have to seriously raise their game. In times of trouble, such as the current pandemic, the […]

You may listen to this interview from Newstalk’s site or on Spotify below  

In this episode of COVIDcast, Lowy Institute Research Fellow Alexandre Dayant sat down with Professor Yanis Varoufakis to discuss Europe and the future of capitalism. Yanis is currently a member of the Hellenic Parliament and served as Greece’s minister of finance during the government debt crisis. ALEXANDRE DAYANT COVIDcast is a Lowy Institute pop-up podcast […]

Two days ago, something extraordinary happened. Something that has never happened before in the history of capitalism. In Britain, the news came out that the economy had suffered its greatest slump ever – more than 22% down during the first 7 months of 2020. Remarkably, on the same day, the London Stock Exchange, the FTSE100 index, rose by more than 2%. On the same day, during a time America has ground to a halt and is beginning to look like not just as an economy in deep trouble but also, ominously, as a failed state, Wall Street’s SP500 index hit an all-time record.