Wednesday, Feb 8th 2012
This post appeared on Yanis’ blog today. Republishing it here with the kind permission of the author.
In his pivotal article in yesterday’s Financial Times, Martin Wolf put the matter starkly: “The eurozone, as designed, has failed.” Paul Krugman quickly added this chilling allegory to Wolf’s detailed argument: “If you ask me, the [...]
This post appeared on Yanis’ blog today. Republished with the kind permission of the author.
A Damocles’ Sword is, supposedly, hanging over Greece. We are told (even by the Greek EU commissioner) that Greeks must either accept that their country will be run, and micromanaged, by a committee of foreign creditors or [...]
This article originally appeared in New Europe today. Republished with the kind permission of the author.
The press coverage of Dominique Strauss-Kahn’s arrest leaves me ambivalent. Like every other journalist who has written about the matter, I am not qualified to speculate on whether he committed the crime for which he has been charged. Rape [...]
Paper proposes replacement of blanket bank guarantee with guarantee for deposits only
‘Extend and pretend‘ strategy should be used to avoid paying Anglo promissory notes
“Ireland can no longer afford ‘zombie banks’, which are preventing our economy from recovering” - O’Connor
Equality think-tank TASC today launched ‘The Debt [...]
This article was originally published in China.org.cn. It is being republished here with the kind permission of the author.
Discussions between China and the European Union (EU) have speeded up during 2011. To take just the most recent events, the second China-EU Strategic Dialogue was held in Hungary on May 12-15. European Council President Van Rompuy [...]
Hara Kouki of Critical Legal Thinking on Greece’s Doomed Generation…..
“Young people in Greece can no longer make ordinary life choices: they cannot plan for the present, let alone for the future. But they are told – and many of them feel – that they can’t complain. They belong, after all, to a doomed [...]
Yanis Varoufakis | On the Political Economics of Dominic Strauss Kahn’s Political Death
Yanis Varoufakis on the political ‘death’ of DSK. Varoufakis quotes DSK in a BBC Radio 4 interview broadcast in Jan 2011 where the (soon departing?) MD of the IMF supported Keynes’ recommendation of a Surplus Recycling Mechanism (SRM) to the 1944 Bretton [...]
In a recent contribution to the understanding of the origin of the European Monetary Union (EMU) crisis, Paul Krugman (2011) argues that this has been due to the choice made by the European politicians of putting the reasons of politics that called for a closer union, presumably after the German reunification, before those of economics. [...]
This is a statement published after the Athens Conference on Debt and Austerity: From the Global South to Europe, which was held on May 6-7-8, 2011.
We, representatives of movements and activists from across the world, met in Athens to discuss the lessons of previous international economic crises, to offer our solidarity to the European people [...]
I’ve never read a David McWilliams book. I’ve dipped into them for research purposes, but I’ve never sat down and actually read one from cover to cover - to read it in its own terms, as it’s meant to be.
Last week I was in Readers Paradise in Wexford and they were selling Follow the Money [...]
