yanis varoufakis corona

(Aufgrund begrenzter finanzieller und technischer Ressourcen ist dieses Video derzeit nur in englischer Sprache verfügbar.) Durch die weitere Nutzung unserer Website stimmen Sie der Verwendung zu. Refusing to share debt across the eurozone threatens the union’s future, says Yanis Varoufakis, co … To read the transcript of this video, please click here: To watch more of our videos with other experts such as Edward Snowden, Noam Chomsky, Abby Martin, Yanis Varoufakis, Julian Assange, Glenn Greenwald, Jeremy Scahill, Jill Stein, Daniel Ellsberg, etc, please visit and subscribe to our YouTube channel by The massive boost in public debt that is now so necessary is hampered by the quaint arrangement of sharing a central bank that, on the one hand, has no common treasury to lean against and, on the other, is banned from backing directly the 19 treasuries that must borrow in euros to fight the crisis. Nonetheless, if its economic foundation buckles, powerful centrifugal forces already in play are ready to tear the union apart. Just as in the United Kingdom, the United States or Japan, the precipitous falls in private incomes must be counterbalanced by substantial increases in public expenditure.
YANIS VAROUFAKIS has come up with a three-point plan to avert a post-coronavirus depression, protect all European residents and prevent the … In this video the economist and co-founder of DiEM25 Yanis Varoufakis, examines the socio-economic implications of the Coronavirus. The It is in the shadow of this riddle that the Eurogroup met on Thursday night. This video was originally produced by DiEM25 and republished by acTVism Munich in order to create awareness on this issue. To counter the oncoming tsunami of bankruptcies, they had to emulate the British, American and Japanese stimuli programmes by channelling approximately 8% of total eurozone income (€1tn) into fresh public expenditure, while also setting aside another such sum for an investment fund to power up the post-Covid-19 recovery. The only concession to the nine governments suggesting debt-sharing was that the new ESM loans will have no strings attached to them. If governments fail in this, the sum of private and public expenditure (which equals aggregate income) will crash even faster, The challenge facing the 19 countries of the eurozone is unique. © 2020 Guardian News & Media Limited or its affiliated companies. This is, alas, a red herring as the conditions will come later, once the eurozone’s fiscal rules bite again.The message today to Italians, Spaniards and Greeks is: your government can borrow large amounts from Europe’s bailout fund.
You will also receive help to pay for unemployment benefits from countries where employment holds up better. The economic shockwaves caused by a lockdown do not care what currency we use. But, within a year or two, as your economies are recovering, huge new austerity measures will be demanded to bring your government’s finances back into line, including the repayment of the monies spent on your unemployment benefits. The euro crisis that began in 2010 stretched this monetary architecture to its limits. Thursday’s Eurogroup verdict, besides being macroeconomically insignificant, was politically irresponsible and a fantastic boon for Eurosceptics in In fact, the price of reaching the agreement was impotence. DE: Als werbefreie gemeinnützige Medienorganisation verwenden wir Cookies und Skripte, um Ihnen auf unserer Website das beste Nutzererlebnis zu bieten.

Ignore the headlines about €500bn to rescue Europe. Will we be able to design the future of a new civilization or will politicians and corporations hold on to the extraordinary powers they now have taken. Ignore the headlines about €500bn to rescue Europe.

This is equivalent to helping the fallen get up but striking them over the head as they begin to rise.The EU is, of course, a lot more than a monetary area. Um von staatlichen und/oder privatwirtschaftlichen Zuwendungen unabhängig zu bleiben, sind wir auf Spenden angewiesen. It is a peace project, a realm of shared culture, a source of identity and an opportunity to stem toxic nationalism. Wenn Sie von der Wichtigkeit gemeinnnütziger und unabhängiger Medien überzeugt sind, unterstützen Sie uns !

Refusing to share debt across the eurozone threatens the union’s futureMost of continental Europe using the euro is in lockdown. Unlike in 2015, when I was alone in the Eurogroup in demanding a common instrument for restructuring public debt, in the past few weeks the governments of eight southern states, plus France, demanded a rethink on debt-sharing without which the eurozone will remain an iron cage of austerity for most and a source of economic stagnation for everyone. Instead of the 16% of total eurozone income (€2tn) stimulus needed, the eurozone will throw a Before the Eurogroup met, hope was in the air that Europe would, at last, change its rules to save its greatest creation: the European Union. A world renowned artist, Brian Eno, and the former Greek finance minister, Yanis Varoufakis, are raising questions about the social and cultural consequences of the corona pandemic. Belatedly, but correctly, they This debate is now dead in the water, killed off by the Eurogroup’s decision to rely almost entirely on new debts falling squarely on the member states’ weakened shoulders.

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