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Why the rise of the robots could allow humans to flourish again | Giles Fraser: Loose canon image
.... This is an idea that may be approaching as fast as the driverless car. From the Trump-supporting tech CEO Elon Musk to the lefty Greek politician Yanis Varoufakis, the idea of a basic citizen’s income draws support from across the political spectrum. ...
Exporters are wise to start preparing for a hard Brexit image
Source : Guardian [Read Article] Saturday 24th of June 2017 04:05:04 PM
....The opening skirmishes over the right of EU citizens to remain in the UK and on what terms have shown how tough Angela Merkel and other EU leaders intend to be as they stand behind Michel Barnier and his team to preserve the integrity of the union, and the single market in particular. The former Greek finance minister Yanis Varoufakis gives a disturbing account of his negotiations in Brussels following the country’s debt crisis. ...
Naomi Klein: ‘Trump is an idiot, but don’t underestimate how good he is at that’ image
.... Noam Chomsky calls it “urgent, timely, and necessary”. Yanis Varoufakis describes it as “a manual for emancipation by means of the only weapon we have against orchestrated misanthropy: constructive disobedience”. ...
Greek prime minister reshuffles cabinet to boost bailout reforms image
Source : Guardian [Read Article] Sunday 6th of November 2016 05:39:13 PM
....Signalling he would push ahead with the often unpopular policies demanded by Greece’s lenders – the European Union and the International Monetary Fund – Tsipras also retained the finance minister, Euclid Tsakalotos. The Oxford-educated economics professor has won plaudits for his low-key efficacy, in sharp contrast to his forerunner, Yanis Varoufakis. ...
Yanis Varoufakis hits out at 'inept' George Osborne image
Source : BBC [Read Article] Wednesday 28th of September 2016 09:45:09 AM
. George Osborne will be remembered as a "particularly inept" chancellor whose pursuit of austerity in an attempt to rein in Britain's deficit was doomed to failure, according to Yanis Varoufakis. ...
Yanis Varoufakis tells Hay festival he admired Margaret Thatcher image
Source : Guardian [Read Article] Tuesday 31st of May 2016 08:46:39 AM
. They might seem a million miles apart in terms of politics, but the radical socialist economist Yanis Varoufakis has revealed he is a secret admirer of Margaret Thatcher. ...
Yanis Varoufakis: Australia's negative gearing is 'scandalous' image
Source : Guardian [Read Article] Wednesday 25th of May 2016 06:22:53 AM
....There are two seats to choose from: a deep, soft black-leather couch, or a red one that has the utilitarian look of a school chair. Yanis Varoufakis – a man who has described himself as an “erratic Marxist” – chooses the red, and somehow it is obvious that he, with his vibrant purple shirt and erect posture, would never have deigned to sit in that sprawling old couch. ...
Brexit may be the best answer to a dying eurozone  | Larry Elliott image
Source : Guardian [Read Article] Friday 20th of May 2016 05:00:31 AM
....This dream lives on. Yanis Varoufakis, the deposed finance minister of Greece, thinks the eurozone could be recast along Keynesian lines, with the rich and strong countries obliged to provide financial help to the poor and weak. ...
Why should anybody trust George Osborne’s Brexit scare figures? | Suzanne Moore image
.... For all the dark warnings about Brexit unleashing the rise of the far right (hasn’t that already happened?) both sides operate with utopian visions too. Someone like Yanis Varoufakis, despite having flown too close to the sun, makes the case eloquently. ...
Greece challenges IMF over 'debt leak' image
Source : BBC [Read Article] Sunday 3rd of April 2016 02:01:20 AM
.... . Former Greek finance minister Yanis Varoufakis said: "As WikiLeaks revealed today, the IMF is planning to stall until July to bring Greece to its knees [again!] in order to force Angela Merkel's hand. ...
Don’t campaign for Cameron’s Europe - fight for a fairer EU future | Nick Dearden image
.... The old order has lost legitimacy with Europe’s people. As Yanis Varoufakis says, the EU faces a choice: democratise or disintegrate. ...
George Osborne says top earners paying £8bn more tax after 50p rate cut image
Source : Guardian [Read Article] Wednesday 2nd of March 2016 04:39:02 AM
....”. He took the opportunity to have a dig at McDonnell’s decision to take advice from the former Greek finance minister Yanis Varoufakis and the journalist Paul Mason. ...
ANZ admits bad debts have risen to $800m as cost of Asia slowdown grows image
Source : Guardian [Read Article] Wednesday 17th of February 2016 12:41:03 AM
....ANZ has said that the cost of bad debts will reach $800m this year as the economic slowdown in Asia continues to bite. Related: Are we heading for a crash? | Albert Edwards, Aditya Chakrabortty, Linda Yueh, Ruth Lea, Fred Harrison, Vicky Pryce, Dambisa Mayo, Yanis Varoufakis, Mariana Mazzucato. ...
Botched Brexit negotiations could damage the eurozone, admits ECB's Mario Draghi image
.... . Mr Draghi’s comments came as Yanis Varoufakis, Greece’s outspoken former finance minister, warned that it would be damaging for Britain to leave the EU, and insisted that the country should remain in the bloc to confront the “bureaucratic and unappetising” establishment. ...
Greece's outspoken ex-finance minister Yanis Varoufakis tells Britain to stand up to EU 'farce' image
. Yanis Varoufakis, Greece's outspoken former finance minister, has warned it would be damaging for Britain to leave the European Union, and insists the country should remain in the bloc to confront the "bureaucratic and unappetising" establishment. ...
UK banks vulnerable to global shock, economist warns image
Source : Guardian [Read Article] Sunday 14th of February 2016 08:34:33 PM
....Increasing competition among banks for new business over recent months has combined with the increasing cost of raising funds, squeezing profit margins. Related: Are we heading for a crash? | Albert Edwards, Aditya Chakrabortty, Linda Yueh, Ruth Lea, Fred Harrison, Vicky Pryce, Dambisa Mayo, Yanis Varoufakis, Mariana Mazzucato. ...
When economists ignore the human factor, we all pay the price | Timothy Garton Ash image
.... In particular, the economic thinkers loosely clustered around George Soros’s Institute for New Economic Thinking (Inet) have produced a telling account of what went wrong. Related: Are we heading for a crash? | Albert Edwards, Aditya Chakrabortty, Linda Yueh, Ruth Lea, Fred Harrison, Vicky Pryce, Dambisa Mayo, Yanis Varoufakis, Mariana Mazzucato. ...
UK's productivity plan is ‘vague collection of existing policies’ image
Source : Guardian [Read Article] Monday 1st of February 2016 12:01:12 AM
....”. Related: Are we heading for a crash? | Albert Edwards, Aditya Chakrabortty, Linda Yueh, Ruth Lea, Fred Harrison, Vicky Pryce, Dambisa Mayo, Yanis Varoufakis, Mariana Mazzucato. ...
One year on, Syriza has sold its soul for power | Costas Lapavitsas image
Source : Guardian [Read Article] Monday 25th of January 2016 07:00:05 AM
....Today marks a year since a radical left government was elected in Greece; its dynamic young prime minster, Alexis Tsipras, promising a decisive blow against austerity. Yanis Varoufakis, his unconventional finance minister, arrived in London soon after and caused a media sensation. ...
Greece's economic crisis goes on, like an odyssey without end image
Source : Guardian [Read Article] Monday 4th of January 2016 07:35:57 PM
....But the recapitalisation of banks has gone better than expected and, unlike any of their predecessors, the leftists are better placed to tackle endemic problems such as tax evasion and corruption. After a rollercoaster ride under Yanis Varoufakis, the flamboyant former finance minister, cooperation has replaced confrontation in Athens’ relations with its eurozone partners. ...
Nerds and bank lock-ins: things I’ll miss about the numbers game image
Source : Guardian [Read Article] Sunday 3rd of January 2016 08:59:32 AM
....Yet for all their faults, the ups and downs of the markets are the closest thing we have to the heart-rate trace of financialised global capitalism and, try as you might, they’re relentlessly compelling. The great eurozone soap operaWith the dastardly Wolfgang Schäuble, the heroic-but-flawed Yanis Varoufakis, and the dashing Mario Draghi, the eurozone’s near-collapse has been the story that just keeps on giving over the past five years. ...
Euclid Tsakalotos: Greek finance minister on the hard path of post-bailout reform image
....Related: Greece: the election is over, the economic crisis is not. But the climate has changed radically since the high drama of the early summer when Greece, under the financial stewardship of the flamboyant Yanis Varoufakis, came the closest yet to crashing out of the eurozone. ...
Yanis Varoufakis: Europe is being broken apart by refugee crisis image
Source : Guardian [Read Article] Monday 23rd of November 2015 03:20:29 AM
. Europe’s stumbling response to the refugee crisis is the result of the divisions caused by the six-year monetary crisis which has fragmented the continent and turned nations against each other, former Greek finance minister Yanis Varoufakis has told the Guardian. ...
Finland's depression is the final indictment of Europe's monetary union image
Source : Telegraph [Read Article] Wednesday 18th of November 2015 09:27:04 PM
.... . Mr Fassina, Germany's Oskar Lafontaine, France's Jean-Luc Melenchon, and Greece's Yanis Varoufakis, launched a branch of this front in Paris over the weekend, proposing a 'Plan B' of parallel currencies and ultimately exit from the euro if EMU continues to enforce contractionary policies and operate outside democratic control - as they put it. ...
Greek debt deal would encourage mass write-off calls in Spain, claims finance minister image
...." . He was appointed in the role in July after his firebrand predecessor, Yanis Varoufakis, resigned over his disagreement to the signing up of a new "Memorandum" in July. ...
Guilty as charged: Irish standup festival puts economics in the dock image
Source : Guardian [Read Article] Sunday 8th of November 2015 01:25:54 PM
.... It is a lot of fun. This year, the main attraction was Yanis Varoufakis, the former Greek finance minister. ...
Yanis Varoufakis: George Osborne has launched 'class war' in Britain image
Source : Telegraph [Read Article] Thursday 24th of September 2015 10:45:16 PM
.... . Yanis Varoufakis, speaking on a panel on the BBC's Question Time, said Mr Osborne had only "talked about" belt-tightening but "he hasn't practiced it". ...
Yanis Varoufakis has a message for Jeremy Corbyn, Diane Abbott and John McDonnell about austerity image
. Yanis Varoufakis, the former finance minister of Greece, has appealed directly to Jeremy Corbyn, the new shadow Chancellor John McDonnell and the new shadow secretary for international development Diane Abbott at a meeting of the People's Assembly in London. ...
Jeremy Corbyn appoints ally John McDonnell as shadow chancellor image
Source : Guardian [Read Article] Sunday 13th of September 2015 11:36:56 PM
....Related: Tom Watson: unifying stalwart or manipulative and divisive fixer?. McDonnell, an hour before the announcement of his new position wa made, shared a platform with Yanis Varoufakis, the former Greek finance minister, at a TUC fringe meeting. ...
Why warring France and Germany are still the biggest threats to an EU superstate image
Source : Telegraph [Read Article] Saturday 12th of September 2015 11:00:18 AM
.... . This Franco-German tussle has come to define EMU - an orphan currency torn between a latter-day Gold Standard and a genuine global reserve currency, wrote Yanis Varoufakis, former Greek finance minister and trenchant critic of Brussels' institutional setup. ...
Debt campaigners hail UN vote as breakthrough image
Source : Guardian [Read Article] Friday 11th of September 2015 05:22:30 PM
. The United Nations general assembly has approved a set of principles to resolve disputes between bankrupt countries and their creditors that the former Greek finance minister Yanis Varoufakis said would have “avoided the pitfalls of the Greek crisis”. ...
Europe faces political war on two fronts as backlash builds image
Source : Telegraph [Read Article] Wednesday 9th of September 2015 08:47:53 PM
.... The terms for Greece are even tougher than those rejected by Greek voters in a landslide referendum in July. "It is impossible to enforce," said Yanis Varoufakis, the former finance minister. ...
Varoufakis hints at return to politics image
Source : Telegraph [Read Article] Sunday 6th of September 2015 09:54:34 PM
. Yanis Varoufakis, Greece’s former finance minister, has flagged up his interest in a political comeback after the country’s election — but only if the new rulers ask him to administer “bitter medicine” rather than “poison”. ...
The decades-old tension threatening to rip Europe apart image
Source : Telegraph [Read Article] Friday 28th of August 2015 02:09:23 PM
.... This little-understood philosophy is often portrayed by critics of Germany as a kind of unbending dogma. Yanis Varoufakis, Greece’s mayfly finance minister, was having a dig at his German counterpart Wolfgang Schäuble in particular and ordoliberalism in general when he said: “To him, the rules are God-given. ...
Supreme court judge takes reins in Athens as elections move closer image
Source : Guardian [Read Article] Thursday 27th of August 2015 11:39:39 PM
....A poll published by the German tabloid Bild showed the new party gaining an unexpected 8% – a figure that would dent Tsipras’ ability to win an absolute majority. Infighting within Syriza peaked as the former finance minister Yanis Varoufakis issued an excoriating indictment of Tsipras’ about-turn, likening the man he had once been so close to, to a modern-day Sisyphus involved in a “sad and fruitless” election campaign. ...
Greece crisis timeline: the rocky road to another bailout image
Source : Guardian [Read Article] Thursday 20th of August 2015 05:00:08 AM
.... Leader Alexis Tsipras says his party’s victory marks an end to the “vicious cycle of austerity”. The new prime minister appoints as finance minister the radical economist Yanis Varoufakis, who has described austerity programmes as “fiscal waterboarding”. ...
Greece sells airports to Germans as Bundestag prepares for day of reckoning image
.... . Former finance minister Yanis Varoufakis has attacked the sales for entrenching the country's oligarchic elites and hurting the government's coffers through under-priced sales. ...
Brutish, nasty – and not even short: the ominous future of the eurozone | Wolfgang Streeck image
.... Rewriting the rules of the union to accommodate the Greeks, Schäuble realised, would pull the euro southwards, and France, Italy and Spain with it – forever breaking up the European core. His Greek equivalent Yanis Varoufakis, for his part, may have learned from his encounters of the third kind with the Eurogroup that the only role there was for Greece in the Europe of monetary union was that of an underfed and overregulated welfare recipient. ...
Yanis Varoufakis: bailout deal allows Greek oligarchs to maintain grip image
Source : Guardian [Read Article] Monday 17th of August 2015 03:19:50 PM
. Greece’s former finance minister Yanis Varoufakis has accused European leaders of allowing oligarchs to maintain their stranglehold on Greek society while punishing ordinary people in a line-by-line critique of the country’s €86bn (£61bn) bailout deal. ...
Glencore’s investors want it to stop digging image
Source : Guardian [Read Article] Sunday 16th of August 2015 08:00:08 AM
.... The pressure is now on new Menzies boss Jeremy Stafford, who is new in the job, to find a drop of golden sun for investors on Tuesday. The motorcycle-riding Essex University graduate – and former Greek finance minister – Yanis Varoufakis was back in the limelight again on Thursday, as Athens prepared to vote on a third bailout plan. ...
Greece FINALLY gets a lifeline as Euro group agrees to £19BILLION bailout package image
....The legislation was comfortably passed in Athens but only with support from pro-euro opposition parties. Hardleft Syriza party leader Mr Tsipras saw nearly a third of his 149 MPs vote against him or abstain, including motorbiking former finance minister Yanis Varoufakis, amid anger that he had given in to austerity demands. ...
Greek MPs approve bailout deal image
Source : BBC [Read Article] Friday 14th of August 2015 07:26:03 AM
.... Other recent occasions where Greek MPs have carried on debating into the small hours include:. How did Yanis Varoufakis do?. ...
Greek MPs vote on key bailout deal image
Source : BBC [Read Article] Thursday 13th of August 2015 09:09:22 PM
....And so the talking, much of it passionate and bad tempered, goes on. The rebels, including parliamentary speaker Zoe Konstantopoulou and former finance minister Yanis Varoufakis, insist the government should make good on its electoral promise to reverse spending cuts and tax rises. ...
Greece crisis proves the need for a currency Plan B image
Source : Guardian [Read Article] Thursday 13th of August 2015 12:51:29 PM
.... Its domestic banking system and financial markets will be shut down, the economy will grind to a halt and the government will face either a humiliating retreat or full capitulation. Former Greek finance minister Yanis Varoufakis has now revealed much of the detail of the recent negotiations, capitulation and attempts to vilify him personally for acting insubordinately or even in a treasonous manner at the 11th hour. ...
Greece economy returns to growth image
Source : BBC [Read Article] Thursday 13th of August 2015 10:33:03 AM
....". On Wednesday, former Greek finance minister Yanis Varoufakis said the bailout deal was "not going to work", because it was based on an unsustainable debt burden that the economy would be unable to produce enough to repay. ...
Greece agrees draft deal with creditors - but waits for Germany to say yes image
Source : Telegraph [Read Article] Wednesday 12th of August 2015 03:02:38 PM
.... The country’s Prime Minister, Alexis Tsipras, said the move would bring a “final end to economic uncertainty”. However, former finance minister Yanis Varoufakis warned the deal was doomed to fail. ...
Varoufakis: Bailout 'won't work' image
Source : BBC [Read Article] Wednesday 12th of August 2015 02:22:04 PM
. Former Greek finance minister Yanis Varoufakis has said the latest Greek bailout deal "is not going to work". ...
Greece hopes to conclude negotiations with creditors on bailout within days image
....But with his popularity among Greeks still high, Tsipras has warned the dissidents of early elections in the autumn if they continue to resist the measures. Related: Yanis Varoufakis is being pilloried for doing what had to be done | Philippe Legrain. ...
Greece news live: Bank shares collapse by 30pc in first day of trading in five weeks image
.... Mr Sapin also said a debt write-off was "unnecessary" but Greece will need a debate about debt restructuring to allow the country "air to breathe". He also described his friend Yanis Varoufakis as a man whose "fantasy is truly unlimited" in reference to a secret parallel payment system devised by the former finance minister. ...
US economist denies being part of 'criminal gang' over secret Plan B for Greece image
.... James K. Galbraith, a professor of government at the University of Texas and long-time friend of Yanis Varoufakis, co-ordinated a five-man effort which advised Athens on the emergency measures it could take if Greece was forced out of the eurozone. ...
Alexis Tsipras defends Yanis Varoufakis over secret Grexit plan image
Source : Guardian [Read Article] Friday 31st of July 2015 05:13:42 PM
. Alexis Tsipras, the Greek prime minister, has launched a staunch defence of his former right-hand man Yanis Varoufakis following revelations that the ex-finance minister drew up secret plans to ditch the euro if bailout talks failed. ...
Alexis Tsipras: I ordered Varoufakis to 'defend Greece'  image
Source : Telegraph [Read Article] Friday 31st of July 2015 05:06:28 PM
. Greek prime minister Alexis Tsipras launched a staunch defence of his embattled former finance minister on Friday, as he spoke for the first time about the secret "Plan B" he ordered from Yanis Varoufakis. ...
Greek PM defends ex-finance minister image
Source : BBC [Read Article] Friday 31st of July 2015 01:23:47 PM
....Greek Prime Minister Alexis Tsipras has defended his former finance minister in a row over an "emergency plan" drawn up in case of Greece's exit from the euro. Yanis Varoufakis last week confirmed that he worked on a contingency plan in case emergency funding to the Greek financial system was cut off. ...
Greece debt crisis: Prime Minister Alexis Tsipras tries to calm his increasingly fractured Syriza party with internal vote on bailout plans image
....Meanwhile, his former finance minister is under investigation. Parliament is set to determine whether there are grounds to indict Yanis Varoufakis following revelations of a plan to establish an alternative currency in the event of Greece leaving the eurozone. ...
IMF negotiator prepares to join Greek talks as deadline looms image
Source : Guardian [Read Article] Wednesday 29th of July 2015 07:04:11 PM
....The IMF has so far played little part in drawing up the deal, which was initially hammered out in marathon talks between Greece and its eurozone partners. Related: Yanis Varoufakis may face criminal charges over Greek currency plan. ...
'Iron lady' set to play central role in next act of Greek bailout drama image
Source : Guardian [Read Article] Wednesday 29th of July 2015 05:47:04 PM
.... Velculescu will have to decide what role the Washington-based lender is willing to play in any new rescue – and what should be expected of Greece in return. Related: Yanis Varoufakis may face criminal charges over Greek currency plan. ...
In defence of Yanis Varoufakis image
Source : Guardian [Read Article] Wednesday 29th of July 2015 04:41:21 PM
. From blaming him for the renewed collapse of the Greek economy to accusing him of illegally plotting Greece’s exit from the eurozone, it has become fashionable to disparage Yanis Varoufakis, the country’s former finance minister. ...
Alexis Tsipras vows not to be 'blackmailed' by Syriza rebels as threat of snap election looms image
.... . Yanis Varoufakis (right) and former Energy Minister Panagiotis Lafazanis (left) have voted against bail-out measures and lost their jobs. ...
Yanis Varoufakis may face criminal charges over Greek currency plan image
Source : Guardian [Read Article] Wednesday 29th of July 2015 04:29:39 PM
. The scene has been set for possible criminal charges to be brought against Greece’s former finance minister, Yanis Varoufakis, following revelations of his secret plan to establish an alternative currency in the event of the country leaving the eurozone. ...
Varoufakis faces criminal charges over plans to set up a parallel payment system image
. Yanis Varoufakis, the former Greek finance minister, could face criminal charges over plans to set up an alternative payment system. ...
Greece news live: Lagarde urges for 'inevitable' Greek debt relief image
Source : Telegraph [Read Article] Wednesday 29th of July 2015 08:45:12 AM
.... . Yanis Varoufakis took to Twitter today to laugh off accusations of "treason" being thrown around by some parts of the Greek media. ...
Brussels rejects Yanis Varoufakis' claims that troika controlled Greek tax system image
. The European commission has denounced as “false and unfounded” claims by Greece’s former finance minister Yanis Varoufakis that international creditors had exclusive control over the country’s tax system. ...
Yanis Varoufakis faces criminal prosecution over clandestine 'Plan B' currency plot image
. Greece's state prosecutors have set their sights on former finance minister Yanis Varoufakis who faces possible criminal charges over plans to set up a parallel payments system inside the monetary union. ...

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