Donald Trump has made it impossible for any sensible person to persevere in the delusion that global business can continue as usual. We should all welcome this, even if we are livid with Trump’s shocking behaviour, decisions and narratives. The global economy will either be rebalanced or it will crash in ways that may make […]
The post A Chinese New Bretton Woods? – Quancha op-ed appeared first on Yanis Varoufakis.
Failure, corruption and warmongering: Ursula von der Leyen is awarded the International Charlemagne Prize of Aachen for her contribution to the EU – because in Europe utter failure is not only tolerated, but celebrated! It is one of life’s guilty pleasures when one’s cynical prejudices are confirmed. One such moment, when I allowed myself a […]
The post In the EU nothing succeeds like gross failure: The astonishing case of Ursula von der Leyen – Der Freitag 29 MAY 2025 appeared first on Yanis Varoufakis.
The IMF-World Bank Spring meetings are usually placid affairs that participating central bankers wish to forget soon after they are over. Not this Spring. This April the feeling several central bankers brought back home with them was not the usual relief but something far more visceral: dread, terror even. The reason? The spectre of the […]
The post Trump Wants Big Tech to Own the Dollar – Project Syndicate op-ed appeared first on Yanis Varoufakis.
This is a crucial conversation to have in general, not particularly about Marine Le Pen. It is about the principled position that the democratic Left must take on the question of who has the right to remove the political rights (the right to vote and to seek votes) of whom. We know what can happen […]
The post Should Le Pen be barred? What is the Left’s right answer on this conundrum? appeared first on Yanis Varoufakis.
“My philosophy, Mr President, is that all foreigners are out to screw us and it’s our job to screw them first.” With these words, the US Treasury Secretary convinced the President to deliver a colossal shock to the global economy. In the words of one of the President’s men, the objective was to trigger “a […]
The post Will the Trump Shock prove as momentous as the Nixon Shock? UNHERD op-ed & on BBC tv appeared first on Yanis Varoufakis.
Whatever happened to the notion that, faced with the enemies of democracy, we should fight their ideas but, equally, for their right to express them? The answer, unfortunately, is that it died an ignominious death on Sunday, as Romania’s Central Electoral Bureau, with the full support of the European Union’s liberal establishment, banned far-Right candidate Cǎlin Georgescu […]
The post Liberals should be outraged by Cǎlin Georgescu’s election ban – UNHERD appeared first on Yanis Varoufakis.
When the powerful punish the principled, we glimpse the unmasked face of empire. Donald Trump’s vindictive executive order denying aid to South Africa — punishment for its support of Palestine and pursuit of land reform — offers precisely such a moment of clarity. The contours of our new global struggle are now etched with brutal […]
The post Stand with South Africa against Trump’s wrath – Globe&Mail op-ed appeared first on Yanis Varoufakis.
After dismissing Bitcoin as a scam during his first White House stint, Trump warmed to cryptocurrencies during his re-election campaign. To complete his conversion, on the 6th of March the 47th President signed an executive order to set up a “Strategic Bitcoin Reserve and a US Digital Asset Stockpile”. The United States government sensibly stockpiles […]
The post Crypto’s role in Trump’s economic masterplan (with special emphasis on stablecoins) – UNHERD appeared first on Yanis Varoufakis.
If we truly want to strengthen Europe, the first step is not to rearm. It is to forge the democratic union without which stagnation will continue to erode Europe’s capacities, rendering it unable to rebuild what is left of Ukraine once Vladimir Putin is finished with it. ATHENS – Inducting Ukraine into NATO after forcing […]
The post The Case Against European Rearmament – Project Syndicate op-ed appeared first on Yanis Varoufakis.
War is in the air more than peace these days. This reflects not only the salience of well-known strategic traps, but also the rapid emergence of cloud capital, which is in steering the world into these traps in four distinct ways. ATHENS – The West is on a war footing. The German government is working […]
The post Technofeudalism Is War’s Handmaiden – Project Syndicate appeared first on Yanis Varoufakis.