De economen Yanis Varoufakis (tijdens de eurocrisis in 2015 namens Syriza minister van financiën in Griekenland) en Wolfgang Munchau (tot een paar jaar terug journalist bij de Financial Times, nu zelfstandig journalist) bespreken in deze podcast de structurele tekortkomingen van de euro. https://www.youtube.com/watch?v=macQgpfG8CU

#euro #eurocrisis

"What happens when you crush the spending power of the people and you give lots of money to big business? Big business collects this money — of course, it’s free money; why wouldn’t they take it? But they look outside the window of their skyscraper in Paris or Frankfurt, and all they see are impecunious masses.

They’re not going to invest, because the many out there can’t afford to buy high value-added goods. But they have this money that has been printed and given to them, so what do they do? They go to the stock exchange and they buy back their own shares.

Their share price goes through the roof, and their bonus is connected to their share price, so they are laughing all the way to the bank. They go and buy a new apartment, a new yacht, more Bitcoins, a work of art. Asset prices go up, while the many are still impecunious and there’s no investment.

After fifteen years of that, it’s the end of Europe. It is the reason why Germany is now deindustrializing. It is deindustrializing because it did not invest anything in the last fifteen years. The managing directors and the members of the board of directors were doing splendidly, but they were not investing.

While the Chinese were investing their heads off and Elon Musk was investing in Tesla, SpaceX, Starlink, and so on, Europe had zero net productive investment for something like sixteen or seventeen years. That is preposterous. The result is that now, Europe is dying. If people ask — and they should ask — why it is that fascism is having a second or third wind, it is because this is what happens when you have something like 1929."

https://jacobin.com/2025/07/yanis-varoufakis-on-the-legacy-of-greeces-oxi-referendum

#EU #Greece #Euro #EuroCrisis #OxiReferendum #Democracy #PublicDebt #Austerity

𝗭𝗼𝗿𝗴𝘁 𝗙𝗿𝗮𝗻𝗸𝗿𝗶𝗷𝗸 𝘃𝗼𝗼𝗿 𝗲𝗲𝗻 𝗻𝗶𝗲𝘂𝘄𝗲 𝗲𝘂𝗿𝗼𝗰𝗿𝗶𝘀𝗶𝘀? '𝗔𝗹𝗹𝗲 𝘀𝗶𝗴𝗻𝗮𝗹𝗲𝗻 𝘀𝘁𝗮𝗮𝗻 𝗼𝗽 𝗼𝗿𝗮𝗻𝗷𝗲'

Economen beginnen zich zorgen te maken over de situatie in Frankijk. Het land met de op één na grootste economie van Europa staat er financieel beroerd voor: het heeft een torenhoge staatsschuld. Sommige deskundigen vrezen een nieuwe eurocrisis, al kan er nog een hoop...

https://www.rtlnieuws.nl/nieuws/buitenland/artikel/5460354/frankrijk-economie-macron-links-rechts-crisis-eurocrisis-recessie

#Frankrijk #eurocrisis #signalenoporanje

New #regroup external publication from LUISS University 👉
Andrea Capati explores what policy changes have been made in EU's financial assistance between the #eurocrisis and #covidpandemic.

The EU moved towards a form of "limited supranational delegation”.

Read more: https://regroup-horizon.eu/publications/collective-policy/

@politicalscience
@politicaltheory