Thursday, July 9, 2015

The Greek Revolt Against Bad Economics Threatens European Elites — Lynn Parramore interviews James K. Galbraith

James K. Galbraith, author of The End of Normal and professor at the Lyndon B. Johnson School of Public Affairs at the University of Texas at Austin, has an inside view of the crisis leading to the recent referendum in Greece. Galbraith has worked for the past several years with recently departed Greek finance minister Yanis Varoufakis as both a colleague and co-author, and he has just returned from Greece, where he looked down over the rooftops of Syntagma Square as citizens made history in a strong vote against austerity. He discusses the dramatic turn of events and what is at stake going forward as the austerity doctrine — and the entire neoliberal project — come under threat.
INET
The Greek Revolt Against Bad Economics Threatens European Elites
Lynn Parramore interviews James K. Galbraith

1 comment:

Matt Franko said...

"Alexis (Tsipras) came to realize, at long last, that no matter how many concessions he made he wasn't going to get the first one from the creditors. That's something Wolfgang Schäuble had made clear to Yanis (Varoufakis) months before."

This is a bit condescending to the actual elected official....

and he later asserts "Yanis left..."