Yanis Varoufakis - 2018-09-18 - Original post - cached version

 

 

2008 marked globalised capitalism’s near death experience. A decade later we have no right to be looking at those events as part of our economic history. The reason? We are still entangled in the crisis that the events of 2008 sparked off. They remain very much at the centre of...
Yanis Varoufakis - 2018-09-17 - Original post - cached version
Yanis Varoufakis: Risk has not been diminished, just taken out of sight

Ten years after its near-death experience, capitalism is back to its old ways.

Bailouts for the few and austerity for the many have caused global debt to rise 40% since 2007. Yes, British and European banks have...

Yanis Varoufakis - 2018-09-14 - Original post - cached version
YANIS VAROUFAKIS: Our new international movement will fight rising nationalism, its underlying fascist moment, and the pseudo-liberal establishment whose policies gave rise to it (Click here for The Guardian) Our era will be remembered for the triumphant march of a globally unifying...
Yanis Varoufakis - 2018-09-12 - Original post - cached version
Before 2008 we could all see that global trade imbalances were growing inexorably, creating a glut of savings in surplus countries that flowed into deficit countries, causing house price, stock exchange and debt bubbles whose bursting would never end well. What few could see, however, was that,...
Yanis Varoufakis - 2018-09-12 - Original post - cached version
The European Parliament elections will be a major battleground that the neofascist forces of the emergent Nationalist International (Salvini, Kurz, Orban, AfD, CSU, parts of the CDU, and of course figures like Donald Trump and Steve Bannon) will contest enthusiastically. DiEM25 and our EUROPEAN...
Yanis Varoufakis - 2018-09-10 - Original post - cached version

 

In the autumn of 2008 events unfolded in Wall Street that the crushing majority of people around the world had been led to believe could never occur. It was the financial equivalent of watching the sun spinning out of control soon after it rose above the horizon. Humanity watched on in...
Yanis Varoufakis - 2018-09-10 - Original post - cached version
Mythos Der Kapitalismus ist entzaubert und bringt uns das größte Faschismusproblem seit den Dreißigern Was im Herbst 2008 an der Wall Street geschah, hatten die allermeisten Menschen bis dahin für unmöglich gehalten, schließlich hatte man ihnen jahrelang weisgemacht, dass etwas Derartiges...
Yanis Varoufakis - 2018-09-05 - Original post - cached version

PART 1 – WHY SOCIALISM?

Interviewer: You are meeting with Jeremy Corbyn to discuss socialism. Why? Varoufakis: Because democracy needs a healthy democratic socialist movement to be part of the political process in order to be healthy

PART 2 – REASONS TO BE CHEERFUL

PART 3 –...

Yanis Varoufakis - 2018-08-31 - Original post - cached version
No policy is as self-defeating during recessionary times as the pursuit of a budget surplus for the purpose of containing public debt – austerity, for short. So, as the world approaches the tenth anniversary of the collapse of Lehman Brothers, it is appropriate to ask why austerity proved so...
Yanis Varoufakis - 2018-08-27 - Original post - cached version
Over the past week, the world’s media have been proclaiming the successful completion of the Greek financial rescue programmemounted in 2010 by the European Union and the International Monetary Fund. Headlines celebrated the end of Greece’s bailout, even the termination of austerity.

Buoyant...

Yanis Varoufakis - 2018-08-27 - Original post - cached version
Humanism is poorer this week. Uri Avnery has died. Soldier number 44410 of the Israel army, spent the following decades defending human decency in the land that he loved and struggled to make a welcoming home for Jews and Arabs alike. From his 1953 report of the raid on Qibya in Jordan, where an...
Yanis Varoufakis - 2018-08-22 - Original post - cached version
BILD meets Yanis Varoufakis – the man who was THE symbol of the Greek left-wing government’s resistance against the targets set by the bailout troika for the broke state of Greece. We met the professor of economics – who co-founded left-wing movement DiEM25 – in his summer house in the mountains of...
Yanis Varoufakis - 2018-08-22 - Original post - cached version

http://www.spiegel.de/wirtschaft/soziales/griechenland-krise-beteiligte-...

Yanis Varoufakis - 2018-08-19 - Original post - cached version
Is there a Deep State in our western liberal democracies? If so, is it a conspiracy or something more ‘interesting’ than that? These are questions that the Left has been traditionally engaged with, especially when facing undercover campaigns to prevent progressives from winning power or, on...
Yanis Varoufakis - 2018-08-13 - Original post - cached version
Every so often humanity manages genuinely to surprise itself. Events to which we had previously assigned zero probability push us into what the ancient Greeks referred to as aporia: a state of intense bafflement urgently demanding a new model of the world we live in. The Crash of 2008 was such a...
Yanis Varoufakis - 2018-07-30 - Original post - cached version
ATHENS: A biblical calamity befell the Attica region last Monday. I saw its first sign in the late morning at Athens airport, where I was seeing off my daughter to Australia. A strong whiff of burning wood caused me to look up to the sky, where a whitish-yellow sun beckoned, surrounded by the tell-...
Yanis Varoufakis - 2018-07-27 - Original post - cached version
This year, the good people behind the Edinburgh Festival have kindly invited me to host a series of discussions under the title KILLING DEMOCRACY? My remit was: Further to explore the question of whether the current form of financialised capitalism is devouring democracy, reflecting on my work with...
Yanis Varoufakis - 2018-07-27 - Original post - cached version

ATHENS – A biblical calamity befell Attica last Monday. I saw its first sign in the late morning at Athens airport, where I was seeing off my daughter to Australia. A strong whiff of burning wood caused me to look up to the sky, where a whitish-yellow sun beckoned, surrounded by the...
Yanis Varoufakis - 2018-07-26 - Original post - cached version

Joe speaks with former Greek Finance Minister Yanis Varoufakis, the man who defied Europe to save Greece – and failed. Yanis, the suave economics professor turned unexpected politician, has recently announced he will run for Prime Minister of Greece at the...

Yanis Varoufakis - 2018-07-21 - Original post - cached version
No one can be free if one person is in chains, let alone a whole people. It is in the interests of all, Jews & Arabs, Europeans & Americans, Asians & Africans that the blockade of Gaza and the collective abuse of its people ends now!
Yanis Varoufakis - 2018-07-20 - Original post - cached version

Yanis Varoufakis, ancien ministre des Finances grec, auteur de Et les faibles subissent ce qu’ils doivent ? : comment l’Europe de l’austérité menace la stabilité du monde, chez Actes Sud.

L’ancien ministre des finances grec Yanis Varoufakis lors de la manifestation internationale du...

Yanis Varoufakis - 2018-07-20 - Original post - cached version
“The reason we formed DiEM25 was the diagnosis that old wine in new bottles will not help revive the spirits of progressives in Italy or in the rest of Europe.”

Aldo Cazzullo, Corriere Della Sera (AC): Let us start from the beginning? Why did you decide to resign after OXI’s victory in...

Yanis Varoufakis - 2018-07-19 - Original post - cached version
The official version reads as follows: Europe is on the road to recovery, the consequences of Brexit are under control, Chancellor Angela Merkel and President Emmanuel Macron would now create the new foundations on which Europe will establish a stronger alliance. Even the Greek debt crisis, it is...
Yanis Varoufakis - 2018-07-19 - Original post - cached version
Even before Donald Trump drove to tears of dismay NATO’s leaders, Theresa May, the EU’s officialdom and Washington’s own ‘intelligence community’, the writing was on the wall: Trump is methodically dismantling a world order that he no longer believes to be in the interests of the United States’...
Yanis Varoufakis - 2018-07-19 - Original post - cached version
As you grow up and experience more of the ups and downs of the economy, you will notice a piece of mindbending hypocrisy: during the good times, bankers, entrepreneurs—rich people in general—tend to be against government. They criticize it as a “brake on development,” a “parasite” feeding on the...
Yanis Varoufakis - 2018-07-17 - Original post - cached version
How do we choose between what is fair and just, and what our debtors demand of us? Yanis Varoufakis was put in such a dilemma in 2015 when he became the finance minister of Greece. In this rousing book, he charts the absurdities that underpin calls for austerity, as well as his own battles with a...
Yanis Varoufakis - 2018-07-17 - Original post - cached version
 “I wanted a Germany that was hegemonic and efficient, not authoritarian and caught up in a European Ponzi scheme. That was in 2013.” Excerpt from the Munich Seminar. This CESifo group Munich seminar took place on June 11, 2018 in Ludwig-Maximilian University, in Munich, in the Grosse Aula of...
Yanis Varoufakis - 2018-07-17 - Original post - cached version
Socialism is internationalist. As socialists, we ought to be taking down borders between workers; not putting new ones up. Labour deserves, at a minimum, the same rights and freedoms as capital if we are to be masters of the system, not its servants. The political aim of the Left has always been to...
Yanis Varoufakis - 2018-07-05 - Original post - cached version
Three years ago, today, the people of Greece staged a rebellion against their debt bondage. Though this rebellion was overthrown from within almost immediately, it remains a remarkable testimony to the power of a people to say No to the oligarchy, to wrestle control of the narrative of their...
Yanis Varoufakis - 2018-06-29 - Original post - cached version
Former Greek Finance Minister Yanis Varoufakis discusses the European Union agreement on migration which he calls “a fudge” and “complete failure.” He speaks on “Bloomberg Surveillance.” (Source: Bloomberg)  June 29th, 2018, 2:05 PM GMT+0300
Yanis Varoufakis - 2018-06-28 - Original post - cached version

ATHENS – Europe’s establishment is luxuriating in two recent announcements that would have been momentous even if they were only partly accurate: The end of Greece’s debt crisis, and a Franco-German accord to redesign the eurozone....

Yanis Varoufakis - 2018-06-26 - Original post - cached version

Er galt als der große Euro-Schreck während seiner Amtszeit als griechischer Finanzminister! Doch waren die Vorwürfe von Politikern und Medien gegen Yanis Varoufakis wirklich gerechtfertigt? Im Interview mit der Mission Money vertritt Varoufakis spannende Positionen. Deutschland dürfe nicht für...

Yanis Varoufakis - 2018-06-20 - Original post - cached version
Our theme is a wall. A wall that is neither some ordinary physical structure at a specific site, nor a symbolic wall. It takes a material form in sites around the globe while transcending locations and leapfrogging whole continents as if in a strange quest to globalise itself, to infect our...
Yanis Varoufakis - 2018-06-06 - Original post - cached version
The Left must adopt a new, credible EU policy agenda: It’s time to explain how the bloc, and the euro, could be run differently, democratically and sustainably

Italy’s recent political crisis has at once confirmed the European Union’s unsustainability and the left’s impotence.

That the...

Yanis Varoufakis - 2018-06-05 - Original post - cached version
Vanity Fair’s interviewed me on the new Italian government (see here). The complete, original Q&A follows below:

So, Italy has finally a government. New Premier is Giuseppe Conte, a technician who was never elected. Do you think this is acceptable? 

The new government has the consent...

Yanis Varoufakis - 2018-06-05 - Original post - cached version
Italian daily Il Fatto Quotidiano interviewed me (see here) regarding the latest developments in Italy, Europe and Greece. The original Q&A (in English) follows:

Greece is about to exit from the notorious memorandum, the austerity plan signed with the troika. Public finance has improved at a...

Yanis Varoufakis - 2018-06-03 - Original post - cached version

Yanis Varoufakis discusses his books, Adults in the Room and Talking to my Daughter About the Economy, at Politics and Prose on 10th May 2018

In his eye-opening memoir, Adults in the Room, Varoufakis, Greece’s former Finance Minister, recounts his frustrating struggle to resolve Greece’s...

Yanis Varoufakis - 2018-06-03 - Original post - cached version
Brexit rode to victory on the coat-tails of a type of discontent whose power sprang from its insuperable reluctance to specify its nature. Seemingly focused on a foreign power centre that British voters saw (with some justification) as the usurper of their democratic rights, its real focal point...
Jay's Analysis - 2018-06-01 - Original post - cached version

Alternate Current Radio Presents: Boiler Room – Uninterruptible Talk Radio on ACR Hesher, Spore, Jay Dyer, Max, Randy J and Infidel Pharaoh form the Alternate Current Radio Brain-trust for this edition of Boiler Room. On this episode the social rejects club is boiling down the erosion of...

Yanis Varoufakis - 2018-06-01 - Original post - cached version
Italy should be doing well. Unlike Britain, it exports considerably more to the rest of the world than it imports, while its government spends less(excluding interest payments) than the taxes it receives. And yet Italy is stagnating, its population in a state of revolt following two lost decades....
Yanis Varoufakis - 2018-05-31 - Original post - cached version
Corriere Della Sera, the Italian daily, published today an interview that I gave to Aldo Cazzullo. For the published version (in Italian of course), you can visit the paper’s site here. However, the published text is a heavily reduced version of the exchange between Mr Cazzullo and myself. For...
Yanis Varoufakis - 2018-05-30 - Original post - cached version
JOHANNESBURG – One of the most common mistakes European leaders make in interpreting US President Donald Trump’s hostility toward America’s traditional allies, or the alacrity of his administration’s efforts to blow up the international order, is to assume that all of this is unprecedented. Nothing...
Yanis Varoufakis - 2018-05-29 - Original post - cached version

Rome, July 24, 2015
To Yanis Varoufakis and Dominique Strauss-Khan

Dear Yanis, dear Dominique,

There is a place on earth that represents Europe’s very roots: Greece. Let us begin there.

Athens, April 28, 1955. Albert Camus’ conference on “The future of Europe”.[1]...

Yanis Varoufakis - 2018-05-28 - Original post - cached version
Much of the world was introduced to Yanis Varoufakis in early 2015, when, as Greece’s bold new finance minister (he rode a Yamaha to work and tabloids touted his sex appeal), he led negotiations with the European Union, the European Central Bank, and the International Monetary Fund to restructure...
Yanis Varoufakis - 2018-05-28 - Original post - cached version
I concede that there are issues over which I would welcome the Italian President’s use of constitutional powers that (in my humble opinion) he should not have.(*)  One such issue is the outrageous policy of the Lega and the promise of its leader, Mr Salvini, to expel five hundred thousand migrants...

Pages