Posts Tagged ‘Greece’

Yanis Varoufakis discussing Adults in the Room

May 1, 2017

Yanis Varoufakis and Paul Mason in conversation at Union Chapel to discuss Adults in the Room, an account of the European Deep State.

Larry Summers asked Yanis Varoufakis, are you in the inside or the outside?

In other words, are you one of us?

Christine Lagarde, after hours of fighting with Yanis Varoufakis, relaxing afterwards, admitted, he was right, and what was was being done to Greece was wrong, but it had to be done to satisfy the political establishment.

In discussion with US Treasury, they admitted, what was being done by the EU to destroy Greece, they were not happy with, but Greece was Germany’s sphere of influence, and they could not interfere.

Yanis Varoufakis was then  warned, be aware, in a week, a smear campaign will be launched against you by the EU.

One week later, that was what happened, a smear campaign was run. Lazy journalists, with ties to the Deep State, were briefed, they print their lies, and the rest  of the media regurgitates. Lies become facts.

If Yanis Varoufakis attempts to correct the lies, it is then reported as Yanis Varoufakis denies he said. That was never said, not reported.

Until that is he was interviewed by the New York Times, and said it was all a  pack of lies. Who should we believe, it is your word against theirs? Ah, yes, I recorded the meetings.

Not all journalists are of the calibre or integrity of Paul Mason.

Greece was neither here nor there. Greece had to be destroyed to serve as a warning to others.

We are seeing the same with Brexit. UK cannot be seen as being better off outside the EU. It must be punished to serve as a warning to others. That this will destroy Europe is seen as irrelevant.

Yanis Varoufakis set up the Untouchables, a secret task force to deal with Oligarchs and tax dodgers. They obtained records from the banks to show where the money was flowing, then compared with tax receipts. They then offered an amnesty, declare and we will tax you at 15%, we are letting you off lightly, fail to declare and we will bring criminal prosecutions, and by the way, we know who you are.

This programme, which would have brought in billions of euros, was scrapped by the Troika.

The Troika was supported by the Oligarchs, the Troika in turn supported the Oligarchs.

When Greece held its referendum, the media campaigned against No to the Troika. The media owned by the Oligarchs. The Greeks showed courage, they voted No, even though they knew there would be a price to pay. They were betrayed by Greek politicians.

A condition of the next bailout, was to scrap the programme to claw back the tax that had been dodged.

Know who is your enemy, the enemy within. In Labour, those who sabotage the leadership of Jeremy Corbyn.

In Brighton, it is insanity for Labour to oppose Caroline Lucas.

Everyone urged to join DiEM25 to form progressive alliances across Europe.

We have to transfer power back to nation states, back to town halls, back to people, at the same time, network and cooperate.

When Greece needed help and support, they were betrayed by politicians across Europe, politicians who pretend to be progressive.

When someone says they want to be a politician, want power, they are the people not to vote for.

FairPay cards in action in Heraklion

March 20, 2017

When Greece was being screwed by the ECB I suggested creating a parallel crypto-currency, an alternative currency for Greece. Why, because it was not possible to leave the euro, a major logistics problem.

In Prague, last year, I saw parallel currencies in action, they use both Czech crown and the euro, therefore my idea for a parallel currency for Greece, part of Plan C, a transition to a commons based economy, was both practical and feasible.

Medium is looking to charge for reading articles. Medium, though not intended as, functions as a collaborative commons. To charge, would be a retrograde step, a classic case of enclosure of the commons. I have suggested to founder Ev Williams, that convert to an open coop, open source platform, do not charge for articles, all articles remain free to read, but have an option, where if readers wish they may pay for an article, and use faircoin.

Deliveroo, is an exploitative platform, serfs working for an app at often less than the minimum wage, replace with Deliver2U, an open source open coop platform, payment using faircoin and fairpay card.

Unicorns are mythical companies valued at over a billion dollars. Mythical because in reality worthless. Such has been the excesses of Uber, it has been proposed zebras, but these are business as usual, simply a little cosmetic tweaking to make it look good. When I had the audacity to suggest this, exposing the Emperor has no Clothes, a lot of stick over the weekend. What did not go down, was my suggestion, we are postcapitalism, the future open coops, open source platforms, local currencies, faircoin and fairpay card.

In Protaras, a little coffee shop Miyu Coffee and fashion boutique Nia Boutique overlooking Fig Tree Bay. Protaras is dying, Fig Tree Bay end dead, killed by all-inclusive hotels, no money flowing into the local economy. We explored the possibility, or at least tossed around the idea, why not establish a weekly mid-week market, a mix of flea market, farmers market and craft market to revitalise the area and retain and circulate money within the local economy.

Therefore to see in Heraklion this very idea up and running, and not only that but to see faircoin and fairpay card being used is excellent news.

On Saturday, 18th of March 2017, we hopefully reached to the 6th Autonomous Street Market, which are regularly organized by the Integral Cooperative of Heraklion (I.C.Her) at Georgiadi’s park. A project that is constantly strengthened and has come to serve some basic needs of those who actively show that they want and intend to disengage from the competitive and alienating market. Step by step, we cover more and more categories of products and services that are offered through our alternative currencies, Kouki and FairCoin.

The only problem I see with faircoin, is how to transfer from say euros to faircoin. To have to buy bitcoin from an exchange then use the bitcoin to buy faircoin is too cumbersome.

If fairpay cards are easily available, local nodes where they can be ‘charged’ with euros or faircoin, it will be a lot more viable.

More details are needed on how the market in Heraklion are managing these issues.

Re-posted from Light on a Dark Mountain.

Greek crisis is the canary in the mine

March 11, 2017

Last year the Greek economy suffered a further blow, contracting by 1.2% at the end of 2016, according to revised figures released earlier this week. The figures, published by the Greek statistics agency Elstat show it was the worst quarter since the summer of 2015, when the European Central Bank closed the Greek banks.

The medicine imposed by the EU is killing the patient, not that there was ever any intention of helping the patient to recover.

Capitalism is an adaptive system, or was, 50 year long Kondratieff cycles, each new cycle driven by technological innovation. This came to an abrupt end in 2008. We are now post-capitalism.

2008 a banking crisis, morphed into an economic crisis, into a social and political crisis, and now a geo-political crisis.

2009 the German banks were bankrupt, their ‘assets’ worthless dodgy US financial instrument. They were bailed out by the German taxpayer.

2010 the German banks were in trouble again, back with their begging bowls, the Greek state was bankrupt, could not service their debt, technically the German banks were insolvent. The German taxpayer would not stomach a second bail out of the German banks. A clever ploy, biggest ever loan to a bankrupt state, the money flows to Greece straight back out to French and German banks. Classic extend and pretend. And a bonus, control the Greek state, plunder the Greek state, force sell off of state assets at knockdown prices. The result, Greek economy shrank by 25%. To put that in context, Great Depression following the Wall Street Crash economies shrank by 20%.

2015 Syriza won a landslide victory, with a mandate to challenge the EU.

What we saw in Greece, was not ‘conventional Left politics’, this was a radical, progressive moment with popular support. Greeks were saying, enough is enough.

Most intelligent observers recognise, the EU is close to collapse. It is a rigid hierarchical system.  Such systems lack the ability to adapt, they are brittle and cannot survive shocks.

The banking crash of 2008 was one such shock. The election of Syriza was another shock. The example being set by Syriza could not be allowed to spread, the contagion had to be contained.

The mechanism used to destroy  the Greek banks and destroy the Greek government was the ECB.  The role of a Central Bank when banks are in trouble is to help support the banks, ECB did the exact opposite.

But was the closure process legal and within the ECB’s charter and mandate?

ECB President Mario Draghi wasn’t sure; Draghi commissioned an independent legal opinion on this issue.

Fabio De Masi, a German Die Linke MEP, asked for a copy of this legal opinion. He was denied a copy.

When money flowed into Greece, then back out to bail out German and French banks, why were EU citizens not told what was happening?  Instead they were led to believe that hard working Germans were subsidising lazy Greeks.

Greece was bankrupt. The existing debts should have been written off, or at the very least restructured. Instead, more money was loaned to enable the Greeks to continue to service their debts.

ECB is a Central Bank without a government. Countries within the eurozone are countries without a central bank. The eurogroup lacks any legitimacy, legally and a constitutionally it does not exist.

ECB used its powers to interfere directly in the democratic process of a country.

Yanis Varoufakis  and Fabio De Masi MEP have launched a public campaign demanding the immediate release of what they are calling The Greek Papers.

Greece is the canary in the mine, symptomatic of a wider problem within the EU and the eurozone.

As it celebrates the signing of the Rome treaty, EU has proposed changes but it is merely a watered down version of business as usual

EU is not Europe.

We should be planning now for the collapse of the EU to be replaced by a network of cooperating democratic countries.

At local level, as we have seen in Spain, Madrid, Barcelona and A Coruña, ordinary citizens seizing control of their local Town Halls, opening to public participation, then networking with other citizen controlled Town Halls.

We need across Europe a Green New Deal.

At local level, establishment of open coops, support for small businesses, collaborative commons.

We need faircoin and fairpay card as cooperative digital alternatives to the euro, at local level, local currencies.

In Foundation, first book of the Foundation trilogy,  the Galactic Empire is collapsing. A group of citizens establish at opposite ends of the galaxy, two foundations. They do so in the knowledge that the Empire will collapse, but by preserving what is known, they will greatly reduce the period of instability.

That is the situation we now find ourselves in Europe. 2008 could be our 1929, when Europe descended into Fascism and chaos.

We are already seeing the end, the rise in Fascism, the chaos.

We must work now to plan for the future, otherwise our 2008 will be 1929.

Please support Yanis VaroufakisFabio De Masi and DiEM25 in their call for the release of The Greek Papers. Please support their request to release these critical documents by signing the petition calling for the release of #The GreekFiles.

Force ECB to release #TheGreekFiles

February 21, 2017

Those who support the EU, why do they continue to turn a blind eye to Greece?

Greece dared stand up and challenge the EU, for that Greece had to be destroyed.

The main route for destroying Greece was to destroy the Greek banks.

That action may have been illegal.

Deep in a vault in the headquarters of the European Central Bank (ECB) lie #TheGreekFiles, a legal opinion about the ECB’s actions towards Greece in 2015 that could send shockwaves across Europe.

As a European taxpayer, you paid for these documents. But the ECB’s boss, ex-Goldman Sachs head Mario Draghi, says you can’t see them.

Former Greek Finance Minister Yanis Varoufakis and Fabio de Masi MEP, together with a broad alliance of politicians and academics (below), have announced they will file a mass freedom of information request to the ECB to uncover #TheGreekFiles once and for all.

If Mario says no, they’ll take the campaign to the next level, and consider all options – including legal action – to make this vital information public.

Please support their request to release these  critical documents  by signing the petition calling for the release of #The GreekFiles. 

This DiEM25 petition is supported by a coalition of politicians and academics, with divergent views on the future of the EU and the Eurozone.

Here is the most recent list; check back for updates:

  • Benoît Hamon, Socialist Party candidate for the French Presidency, 2017
  • Katja Kipping, Co-Chairperson, Die Linke, Germany
  • Gesine Schwan, President, Viadrina European University and twice the SPD’s candidate for the Presidency of the Federal Republic of Germany
  • Yanis Varoufakis, co-founder of DiEM25 and former Greek finance minister

with the support of university professors including:

  • Klaus Dörre, Friedrich-Schiller-Universität, Jena
  • James K. Galbraith, University of Texas at Austin
  • Rudolf Hickel, Bremen Universität
  • Gustav A. Horn, Hans-Böckler-Stiftung
  • Aidan Regan, University College Dublin
  • Jeffrey Sachs, University of Columbia
  • Joseph Vogl, Humboldt Universität
  • Arthur Gibson, University of Cambridge

In June 2015, the newly-elected Greek government was locked in tense negotiations with its creditors (the ‘Troika’ – the ECB, EC and IMF), doing what it had been voted in to do: renegotiate the country’s public debt, fiscal policy and reform agenda, and save its people from the hardship of the most crushing austerity programme in modern history.

The Troika knew they needed to make a drastic move to force the Greek government to capitulate. And that’s just what they did: through the ECB, they took action to force Greece’s banks to close, ultimately driving the Greek government – against its democratic mandate – to accept the country’s third ‘bailout’, together with new austerity measures and new reductions in national sovereignty.

But in their haste, their zeal to crush the Greek government’s resistance, the ECB feared their actions might be legally dubious. So they commissioned a private law firm to examine whether those decisions were legal. The legal opinion of this law firm is contained in #TheGreekFiles.

In July 2015, the German MEP Fabio De Masi asked Mario Draghi to release the legal opinion. Mario refused, hiding behind ‘attorney-client privilege’. Clearly #TheGreekFiles contain something he doesn’t want us to see.

One of the foremost experts on European Law, Professor Andreas Fischer-Lescano, examined whether the ECB was right to refuse to release #TheGreekFiles. His detailed conclusion leaves no room for doubt: the ECB has no case for withholding from MEPs and the citizens of Europe the legal opinion the ECB secured (and paid for using your money) regarding its own conduct.

But in addition to the legal imperative: in today’s Eurozone, the power of the ECB to close down a member-state’s banks violates every democratic principle. It also violates the ECB’s own aspiration, and charter obligation, to be independent and above political strategising.

We must all throw light on the lawfulness and propriety of ECB decision-making – beginning with this case – to give European democracy a chance, as well as to make the ECB less vulnerable to power politics.

Juice at Hymopeeo

October 16, 2016
pineapple, pear, orange and ginger

pineapple, pear, orange and ginger

Pineapple, pear, orange and ginger.

A little insipid and the ginger not noticeable.  Needs something added to give a little more body and flavour.

They need to experiment.

Juice needs to be  served in a glass, cf jam jars at nova gea.

Cappuccino not good. They need better beans, Fair Trade is no guarantee of quality, and a skilled barista.

Pleasant ambience and pleasant staff.

Temple of Zeus

October 12, 2016

Site of Temple of Zeus.

Building Communities of Commons in Greece

July 21, 2016

 Sarantaporo area, situated at the North of Greece, is an agricultural and husbandry region, also hit by the crisis. But even prior to the crisis, state’s attention to the area was poor. Youths were migrating to big cities or abroad. There was no Internet connection, and locals were isolated and deprived of basic services, e.g. medical aid.

At 2010 a group of people forms a community wireless network aiming to connect the villages among them and with the rest of the world. In time, and as the project matures, Sarantaporo.grcommunity aims even further. They want to be the catalyst so that the locals (re)organize cooperatives based on the wireless network, (re)enliven their economy, make it sustainable, more extrovert and independent of state and corporative control.

In doing so, they produce knowledge and build bridges between the hi-tech of a wireless network community and the real-life challenges of a rural community.

Other villages expressed an interest in having their own wireless network, and the villages form a network.

The networks gave been built by volunteers, with equipment donated by ….

In October 2015, the media arts collective Personal Cinema which produced the documentary, in collaboration with the Sarantaporo.gr team, launched a crowdfunding campaign at the Spanish crowdfunding platform goteo.org and succeeded to collect an amount of money that facilitated the realization of the documentary.

The soundtrack can be found on bandcamp.

What this points to is the future, building networks of social enterprises, open coops, all cooperating with each other,  contributing to the sharing economy, collaborative commons.

John McDonnell is talking of a post-Brexit future investing in green infrastructure, education, creation of investment banks. Some of this funding should go into establishing social enterprises.

Massive IMF Bailouts are “Ponzi Austerity” Scheme

April 28, 2016

https://twitter.com/democracynow/status/725750944009474048

Yanis Varoufakis on Democracy Now discussing the fiscal waterboarding Greece was subjected to.

Greece dared challenge the EU dictatorship. For that Greece had to be punished.

The loans to Greece did not bail out Greece, they were bailouts for French and German banks. The money flowed into Greece, and straight back out again.

A Ponzi scam: Money flows in, the scheme appears to be growing, but it is not growing, it relies upon finding fresh investors to keep pouring in money to give the illusion it is growing. Indeed, the fund is shrinking because those running the scam are creaming off from the scam. Eventually the bubble bursts.

We are seeing the same Ponzi scams with high tech scams. The value of the company is entirely dependent upon finding fresh mugs to pour in money to inflate the value of the company. The intention being to flog off the company at its inflated price before the bubble bursts.

Ponzi austerity is a variant of pretend and extend. Keep lending money to an insolvent entity, in this case a country,  to enable it to pay off the existing loans. In the meantime, strings attached, in the trade known as conditionalities, to implement austerity. The economy shrinks, making it ever less likely to be able to repay the loans.

Lame duck President Obama, visited first UK, to try and intimidate the Brits to stay in the UK. It was then visit Germany to discuss forcing through TTIP that strips us of democratic accountability, handing control to global corporations, then on to Saudia Arabia to sell weapons to the corrupt House of Saud, which when the corrupt House of Saud falls, the weapons will be in the hands of ISIS.

IMF is wishing to trigger a crisis in Greece.

62% of the Greek people in a referendum last year said No to the EU. This was in spite of the intimidation they were subjected to (similar intimidation we are seeing in the UK to force Brits to vote Yes to the EU). The Greek people showed courage and voted No. They were betrayed by Syriza who capitulated to the EU.

Greece is now ruled by diktat from the EU. The government a puppet of the EU.

At the end of the Second World War, the Americans created the Bretton Woods system. Currencies in Europe were linked to the dollar, the dollar linked to gold. US, as the surplus country, recycled its surpluses through Europe.

J M Keynes wanted to create an international body to recycle the surpluses. The Americans vetoed this as it was their money that was being recycled.

This worked fine until 1971, when US flipped from being a surplus country to a deficit country.

US then decided as a deficit country, it would recycle the surpluses through Wall Street.

Not sustainable, finally crashed in 2008.

An evening with Yanis Varoufakis

April 6, 2016
an evening with Yanis Varoufakis at Union Chapel

an evening with Yanis Varoufakis at Union Chapel

We should be clear on this, the EU sucks but there should be no alternative than to try and civilise it. — Yanis Varoufakis

An evening with Yanis Varoufakis in conversation with Owen Jones at Union Chapel in Islington.

Yanis Varoufakis was arrested several times whilst in England in the 1980s on various student protests. His father was in a concentration camp.

His father grew up in a Greek community in Egypt. On returning to Greece, he was of no political persuasion, and was seen by fellow students as a neutral figure.  When the university doubled student fees, he went to see the Vice-Chancellor to argue the case against. On leaving, he was roughed up by secret police, then asked to sign a document renouncing the Communists. He refused. For this refusal, he was tortured and placed in a concentration camp for three years.

When Syriza were elected, the people were jubilant, not only in Greece, but across Europe. Here was  a party of activists, who from 4% of the vote had taken 40% of the vote. They were prepared to take a stance against the EU. They had the support of people across Europe. For that reason Greece had to be destroyed, the political contagion could not be allowed to spread across Europe, people could not be allowed hope.

Irish and Cypriot governments had betrayed their people, were mere puppets of the EU. What could they say, what excuses offer, if the Greeks fought and they did not? Greece had to be  destroyed. There is nothing like the threat of a good example.

Within days of taking office, Yanis Varoufakis was visited by the EU and told, he could not challenge the EU, that if he did, the Greek banks would be destroyed.

At a meeting of the euro group, told that a democratic decision by the Greek people was irrelevant, counted for nothing.

Greece was told it was not acceptable for the government to consult its own people in  a referendum.

Greek people are in debt bondage. First time in history creditors do not want their money back, as the polices imposed on Greece make the debt unpayable. But they do not want their money back, it is about servitude.

Greek people last year showed courage. They voted No to the EU. They were then betrayed by their own government, that signed a surrender government.  What took place was a coup. Syriza are not running Greece, the EU is running Greece. Instead of tanks, banks were used to occupy and crush a country.

They did not have to sign. They had the backing of the Greek people not to sign.

Greece could have refused to repay part of the debt they owed. This  would have  caused the euro to collapse.

What Greece was expected to sign, was presented in unintelligible Greek. It was a Google translation.

An English version was obtained.

Two key phrases in the first page:

  • Greece had to agree to everything the EU demanded
  • Any legislation put before Greek Parliament had to have prior EU approval

Yanis Varoufakis could not agree to this as it would be a betrayal of Greece.  He resigned.

David Cameron has falsely claimed he has achieved reform of the EU. He has not. He is now squandering in excess of £9 million on EU propaganda to be delivered to every household. This is money that would be better spent on keeping libraries open.

DiEM25 argue for UK to remain part of the EU to fight for reform. They fear a breakup of the EU will return Europe to the 1930s.

Everyone is urged to sign and share the DiEM25 petition calling for transparency within the EU.

We should be under no illusion about the EU, it is a cesspit.

DiEM25 are demanding democratic reform, transparency. EU meetings should be live streamed over the internet, minutes and transcripts should be published.

The European Investment Bank should be accountable to the people of Europe. It should be investing in green technology.

Europe is stagnating. There is no investment. Even in Germany, which is sitting on a huge surplus, is not investing.

Even when we look at a  very local level we see this lack of investment, town centres collapsing, people have no money.  Where they are in employment, it is low paid, soul destroying McJobs.

Aldershot as an example. A decaying town, boarded-up shops. TechStart, the one success story, a social enterprise that recycles computers, provides help and training, a net café for the local community. It is located in a  dead shopping shopping centre. It could form a hub of local social enterprises, for example a social enterprise café turning waste food from supermarkets and farms into delicious meals. Instead, TechStart is closing at the end of the month because the local Town hall is cutting its funding.

There has to be a European Convention, where the people, not politicians, decide the future of Europe.

There are some good things that come out of the EU: minimum working conditions, environmental standards. But would it not be better if these came from our own democratic countries not via the back door of a dictatorship?

The same EU is pushing TTIP in secret. An international treaty that is less about trade than removing even the fig leaf of democracy and handing control to global corporations.

If UK leaves the EU, brexit which is likely, the EU will collapse. It is already close to collapse.

If it collapses, this could release dark forces across Europe, as we saw in the 1930s following the Wall Street Crash and Great Depression.

But would it? There certainly is that risk. If people are working across Europe to reform the EU, can they also not work across Europe to cooperate as sovereign democratic countries?

The release of The Panama Papers, has shown the extent of tax dodging and money laundering.  The Mafia surrounding Vladimir Putin has laundered $2 billion,  the Chinese elite has transferred  a trillion dollars out of China in the last year. This dirty money inflates property prices in London. One of the first casualties, the Prime Minister of Iceland.

We need  openness and transparency. Abolition of tax havens, not reform.

It should be  a criminal offence to transfer funds to a tax haven, set up off-shore shell companies, nominee directors, bearer bonds. Fine of $1 million or ten times the funds transferred. Ten years in prison for the board of directors.

John McDonnell some time ago offered to place his tax affairs in the public domain. This should be obligatory for all politicians.

In Norway, tax affairs are in the public domain. In England it is a criminal offence to publish the tax affairs of another.

When Yanis Varoufakis was criticised for profiting from the Greek crisis by going on a speaking tour, he answered his critics by publishing details of fees received.

We are entering a post-capitalist phase.

We can have a future of coops, open coops where the community has a say, which contribute to the collaborative commons, where information flows freely, where we do not require large companies, where with high information content, we can assemble locally or even print with 3D printers.

An alternative future is that of atomised individuals, serfs to apps, Uber drivers, task rabbits, transfer of wealth from the poor and exploited, where people work to the command of robots.

Who decides: the people or corrupt politicians?

Would Yanis Varoufakis wish to be Greek Prime Minister? No. But, if asked, would say yes as public service, a dirty job that needs to be done.  We should not have leaders.  Nor should the people expect to be led.

John McDonnell is showing an alternative is possible. Instead of top-down, dictating to the masses he is drawing on ideas from the grass roots

We have to move to participatory democracy, away from representative democracy, look to Frome where the people mounted a Flatpack Democracy revolution, seized control of the local Town hall, as has happened across Spain. Ordinary people need to seize control of their local Town Halls, open the meetings to public participation, then network across Europe.

We are not Europeans, we are English, French, German, Russian, Catalan, people with a proud history, our own culture, but that does not mean  we cannot cooperate with each other.

Looking to the future, we need to have a panel discussion between Paul Mason, Yanis Varoufakis and Michel Bauwens, sketching out what this post-capitalist future of open coops, collaborative commons, would look like. By no means prescriptive but a road map.

In Greece, the people are not crushed, they still have the spirit to fight the cesspit that is the EU. Their government may have surrendered, the Greek people have not surrendered.

Yanis Varoufakis can walk the streets, people stop and wish to chat, these are people from all walks of life.

And the weak suffer what they must

And the weak suffer what they must?

Yanis Varoufakis book signing at Union Chapel

Yanis Varoufakis book signing at Union Chapel

The conversation was followed by book signing of And the weak suffer what they must?

What was nice before I set off, an e-mail from Union Chapel welcoming me, and telling me what was available to eat.  A nice touch.

menu

menu

After book signing I retreated to the bar and had chicken. It did not look good, but was surprisingly tasty. I added a little salad. It could have done with rice.

The meeting was video recorded. This will be added when available.

Yanis Varoufakis was on Start the Week with Andrew Marr.

Union Chapel is in Islington, more or less opposite Highbury and Islington Station.  It is a stunning building, both a church and a music venue. It was here where Jeremy Corbyn held his last rally before being elected Labour Party leader. An ideal venue for singer-songwriter Jewelia to play a  concert. Work is done with the homeless. One of the projects is to help with the meals.

 

Real vs Money Incomes – the one thing we need to understand during deflationary times (with an illustration from Greece and Cyprus)

March 13, 2016

Yanis Varoufakis

deflation.jpgIn inflationary times, real income growth is always good news. However, in deflationary times, real income growth may well reflect a deepening recession (or even a depression). This is important to know lest deepening recession is presented as… economic recovery (as has been the EU’s wont in recent times).

How can real income growth reflect a deepening recession?

View original post 1,096 more words