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Yanis Varoufakis
By Yanis Varoufakis - Jan 10,2016
Imagine a depositor in the US state of Arizona being permitted to withdraw only small amounts of cash weekly, and facing restrictions on how much money he or she could wire to a bank account in California.Such capital controls, if they ever came about, would spell the end of the
By Yanis Varoufakis - Oct 12,2015
“The costliest minor government reshuffle in Greece’s history.” That is at least one way to describe the result of the Greek general election on September 20.Indeed, with few exceptions, the same ministers have returned to the same offices as part of an administration backed by t
By Yanis Varoufakis - Aug 19,2015
Greece’s public debt has been put back on Europe’s agenda.
By Yanis Varoufakis - Aug 06,2015
The point of restructuring debt is to reduce the volume of new loans needed to salvage an insolvent entity.
By Yanis Varoufakis - Jul 26,2015
On July 12, the summit of eurozone leaders dictated its terms of surrender to Greek Prime Minister Alexis Tsipras, who, terrified by the alternatives, accepted all of them.
By Yanis Varoufakis - May 26,2015
A common fallacy pervades coverage in the world’s media of the negotiations between the Greek government and its creditors.The fallacy, exemplified in a recent commentary by Philip Stephens of the Financial Times, is that “Athens is unable or unwilling — or both — to impleme

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