Against the backdrop of the new cold war between the United States and China, the European Union’s top brass seems to be adding to the pressure on China by issuing credible threats in response to four grievances. Alas, the Chinese authorities are probably more amused than alarmed. ATHENS – On the December 7, the presidents […]
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As the 24th EU-China Summit concluded on Thursday, it is natural to want to look behind the declarations and official speeches to identify the deeper forces shaping the European Union’s relationship with China and its policies toward China. But to understand the nature of these forces, it is crucial to go back to the very […]
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Since taking over as president of the European Central Bank in late 2019, Christine Lagarde has committed three major errors that play right into the hands of right-wing populists. Now, one can only hope that these parties’ own incompetence will sink them before next year’s European Parliament elections. ATHENS – Christine Lagarde’s three blunders as president […]
The post Christine Lagarde’s Gifts to Populists – Project Syndicate appeared first on Yanis Varoufakis.
The United States is experiencing an investment boom, owing to industrial policies that grant enormous subsidies – including to European firms – for investing in America, largely in green tech. Europe, meanwhile, is responding with a return to the austerity policies that caused it to fall behind the US in the first place. ATHENS – […]
The post Austerity Ruined Europe, and Now It’s Back – Project Syndicate op-ed appeared first on Yanis Varoufakis.
The real problem confronting European manufacturing is not the threat of factory closures. It is that, compared to the United States and China, Europe has fallen far behind in the race to accumulate, and benefit from, the cloud capital that represents the future of profit in industries like electric cars and green energy. ATHENS – […]
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A new cold war is upon us, but only China is in a position to push it beyond the point of no return. That moment will come when China’s policymakers cross the Rubicon and decide to wean Chinese economic growth off the US trade deficit. ATHENS – True hegemons prevail not by force but by […]
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From the Great Moderation to the Great Crash, the Great Recession, the Great Stagnation, the Great Inflation and, finally, to the Great Volatility. What are the forces driving this 50yr dynamic? Plus an answer to: “What did the euro crisis teach us about the EU’s various debt instruments?” A lecture delivered on 24th January 2023 […]
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