Sep 16 2015

Varoufakis to Corbyn: ‘Don’t Fear the Media’

Yanis Varoufakis

Asked by Paul Mason of Britain’s Channel 4 what Jeremy Corbyn could learn from his experience as Greek Finance minister, Yanis Varoufakis had some ready advice for the incoming British Labour Party leader.

Sep 15 2015

New Yorker Calls Corbyn ‘Childlike’–but Who Are They Kidding?

Jeremy Corbyn (photo: Rob Stothard/Getty Images)

What the Labour Party’s Jeremy Corbyn is proposing is directly financing spending by printing money. If that is “childlike,” then folks like Paul Krugman have a similar affinity for childlike solutions to economic problems.

Sep 05 2015

The Syrian Refugee Crisis and the ‘Do Something’ Lie

Syrian refugees coming ashore in Greece (photo: Angelos Tzortzinis/Getty)

The “do something” crowd wants us to “do something” about the refugee crisis and “solve” the “bigger problem,” which, of course, involves regime change. To create the moral urgency and to tether the refugee crisis to their long-standing warmongering, these actors have to insist the US has “done nothing” about Syria.

Jul 10 2015

Costas Panayotakis on Greek ‘No’ Vote, Rachel Nolan on Dominican Displacement

New York Post: Greek Tragedy

The New York Post headline “Greek Tragedy: Nation Commits Economic Suicide” was only yelling what was spoken elsewhere: that Greek voters invited ruin with their “No” vote on an austerity referendum.

Jul 06 2015

After Greece Cuts a Quarter of Its Budget, WaPo Asks if It’s Willing to ‘Trim Spending’

Greek Voters

from 2010 to 2015, Greece has cut government spending from roughly 13 billion euros to 10 billion euros–a cut of 23 percent.
In the Washington Post’s eyes, though, Greece has not yet demonstrated the willingness to “trim its spending”

Jun 26 2015

NYT Warns Greece to Accept Endless Depression–Because Default Might Be Painful

Argentine protest (photo: Alejandro Kaminetsky/Reuters)

While the process of switching currencies will never be painless, it must be compared to the pain associated with an indefinite period of unemployment in excess of 20.0 percent, which is almost certainly the path associated with remaining in the euro on the Troika’s terms.

Apr 01 2015

Soundbites April 2015


NYT (Mis)Spells Out Debt Problem for SYRIZA A New York Times report (1/29/15) by Liz Alderman suggested that Greek Finance Minister Yanis Varoufakis, from the anti-austerity SYRIZA party, doesn’t understand his country’s debt problems: When pressed to describe how Greece would pay for bonds falling due in the coming months without taking the €7 billion installment, Mr. Varoufakis replied, “Let’s not talk about details.” To SYRIZA’s detractors, such remarks might signal that the new government does not understand the magnitude of Greece’s financial challenges. Before becoming Finance minister, Varoufakis taught economics at Cambridge, the University of Athens, University of Sydney […]

Jan 30 2015

Mark Weisbrot on Greek Elections, Amanda Marcotte on Abortion & Congress

Change Greece, Change Europe (Photo: Uwe Hiksch)

We’ll talk to Mark Weisbrot about the Greek elections: Could it be that what elite media fear isn’t that Syriza will fail—but that it might succeed? And Amanda Marcotte on how shallow cover of abortion and the new Congress threatens women’s rights.