Yanis Varoufakis's Blog, page 169

In conversation with El Pais (Claudi Pérez), the complete (long) transcript

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 →

Death by Debt: My Response to The German Finance Ministry, by Jeffrey Sachs

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 →

Something is rotten in the eurozone kingdom – my op-ed in the Financial Times

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 →

In favour of Varoufakis’ Plan B – by Paul Tyson

In a recently released recording of a teleconference between Yanis Varoufakis and a group of hedge fund managers, Mr Varoufakis spoke frankly about the contingency plans he had developed when he was the Finance Minister. This “plan B” involved thinking … Continue reading →

Yanis Varoufakis is being pilloried for doing what had to be done – by Philippe Legrain in The Guardian

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 →

Will the IMF throw the spanner in the works? – as I feared and Dr Schäuble hoped?

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 →

The Defeat of Europe – my piece in Le Monde Diplomatique

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… my defence – by Mohamed El Erian

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 →