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A Paradox of Risk Aversion is haunting the global economy: Rob Johnson’s poignant warning against both bubbles and austerity
Yanis Varoufakis 11 Months, 3 Weeks, 1 Day, 20 Hours, 32 Minutes ago
We keep forgetting that every Crisis, like a coin, has two faces. One is the mountain of debt and losses that is crushing states, people and banks. The other is an equally imposing mountain of accumulated savings that are to ‘frightened’ to fund...



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What does bank recapitalisation mean? An exchange with Joseph Halevi
Yanis Varoufakis 11 Months, 3 Weeks, 1 Day, 8 Hours, 6 Minutes ago
In reaction to my Le Monde piece, Joseph Halevi (my close friend and co-author) send me an email, regarding the meaning of bank re-capitalisation, that started as short exchange which you, dear reader, may find of interest. Any comments? Joseph Halev...