An urgently needed discussion of the future of the eurozone, the possibility of exit, and what that would mean for the people of Europe.
- Costas Lapavitsas, professor, department of economics, SOAS
- George Irvin, professor, department of development studies, SOAS
- Paul Mason, BBC economics editor and author of ‘Meltdown: The End of the Age of Greed’
- Stathis Kouvelakis, reader in political theory, King’s College London
- and chaired by Seumas Milne, associate editor, The Guardian

Podcasts of the 9 December event can be seen here

November 2011

Download full report

For Media Coverage of the Report see Journal Utopia (in Greek, by Christina Laskarides, 5 December 2011), Der Standard (in German, interview with Annina Kaltenbrunner, 1 December 2011), Public Service Europe (by Jo Michell, 30 November 2011), La Vanguardia (in Spanish, interview with Costas Lapavitsas, 22 November 2011), Rosa Luxemburg Stiftung (in German, 21 November 2011), iEco (in Spanish, by Isabel Stratta, 20 November 2011), Epikaira (in Greek, by Leonidas Vatikiotis, 17 November 2011), The Miami Herald (by Joanna Kakissis, 17 November 2011), Prin (in Greek, by Petros Kosmas, 13 November 2011), El Pais (in Spanish, by Amanda Mars, 13 November 2011), The Observer (by Heather Stewart, 13 November 2011), Eleftherotypia (in Greek, by Leonidas Vatikiotis, 12 November 2011), CNN (by Costas Lapavitsas, 10 November 2011).

September 2010

Sweeping public cutbacks are being imposed across the Eurozone. A new RMF report analyses the costs, benefits and social implications of action to break the cycle of debt as opposed to enduring austerity-induced long-term stagnation.

Download full report

Download executive summary in English and French (thanks to Eric Toussaint)

For Media Coverage of the Report see El Pais (in Spanish, 12 September 2010), Jornal de Negocios (in Portuguese, 13 September 2010), Sbilanciamoci (in Italian, 15 September 2010), GR Reporter (in English, 17 September 2010), Imerisia (in Greek, 17 September 2010), Prin (in Greek, 20 September 2010),  Epikaira (in Greek, 22 September 2010),  Público (in Portuguese, 26 September 2010), Eleftherotipia (in Greek, 26 September 2010), Sky Radio (in Greek, interview with Costas Lapavitsas, audio posted: 26 September 2010), The Guardian (by Costas Lapavitsas, 1 October 2010), EUobserver (by George Irvin, 4 October 2010), La Vanguardia (in Spanish, 17 October 2010), Jornal de Negócios (in Portuguese, interview with Costas Lapavitsas, 6 December 2010).

March 2010

RMF report considers the causes of the Eurozone crisis and discusses alternative policies.

Download full report

Download Executive Summary in English, French, German, Greek, Italian, Portuguese, Spanish and Turkish. Download Press Release  in English, Greek, Portuguese, Spanish and Turkish.





For Media Coverage of the Report see The Guardian (by Larry Elliott, 15 March 2010), Público I – Público II (in Portuguese, 18 March 2010), Birgün I – Birgün II (in Turkish, 18-19 March 2010), Jornal de Negócios I - Jornal de Negócios II (in Portuguese, 19 March 2010), El Pais (in Spanish, 20 March 2010), Epohi (in Greek, 21 March 2010), Kathimerini (in Greek, 21 March 2010), The Guardian (by Costas Lapavitsas, 21 March 2010), BBC World Service (interview with Costas Lapavitsas, audio posted: 25 March 2010), Kokkino (in Greek, interview with Costas Lapavitsas, audio posted: 25 March 2010), Vima (in Greek, 27 March 2010), Makedonia (in Greek, 28 March 2010), Público (in Portuguese, 28 March 2010), El Pais (in Spanish, 4 April 2010), La Vanguardia (in Spanish, 4 April 2010), Epohi (in Greek, 4 April 2010), Eleftherotipia (in Greek, 11 April 2010), Epikaira (in Greek, 13 April 2010), Deia (in Euskara, 16 April 2010).

37. State, Class and the “Fixing” of Capitalism in Mexico, by Hepzibah Muñoz Martínez

The paper argues that an analysis of the class structure in Mexico, particularly the capitalist class, sheds lights on the power relations involved in the making of policy responses to the recent crisis in two ways…

36. Credit, Profitability and Instability: A Strictly Structural Approach, by Paulo L dos Santos

This paper offers a purely structural characterisation of the content, limits and contradictions of credit relations in capitalist accumulation. Considering steady-state evolutions and step-change perturbations in a dynamic model of the Marxian circuit of capital, it establishes…

35. Notes Towards a New Political-Economy Approach to Contemporary Credit Relations, by Paulo L dos Santos

The purpose of this paper is to contribute to the development of a systematic, Marxian approach to the content and contradictions of contemporary credit relations. It does this by abandoning traditional Marxian analyses of credit based on “monied capitalists” as well as the traditional understanding of credit as “the great regulator” of the velocity of money…

34. European Periphery Crises, International Financial Markets, and Democracy: moving towards a globalized neofeudalism?, by Jorge Garcia-Arias, Eduardo Fernandez-Huerga and Ana Salvador

This paper analyzes the origin and causes of the recent economic and financial crises, mainly for the countries located in the periphery of the European Union (EU), as well as their evolution and transformation into social, political, and institutional crises…

John Weeks
It’s About Wall St. but it’s Not All About Speculation Pt1
The Road To Political Dictatorship Pt2
A Deeper Crisis is Coming, We Must Control the Banks Pt3

Costas Lapavitsas
Should Greece Pull Out of the Euro?

John Weeks, William K. Black and Paolo Manasse discuss the Euro and the danger of economic recession
Is the Euro Crisis Over?

The campaign for an Audit Commission on Greek Public Debt was launched in Athens on March 3rd. Supported by numerous prominent signatories globally, amongst whom many academics, Members of Parliament and Members of the European Parliament, the petition has reached almost 9000 signatures in just a couple of weeks. The campaign has also received great attention from the media worldwide.

Declaration from the Athens Conference on Debt and Austerity
Statement of action and solidarity (May, 2011)

Read the Call for the Audit Commission and sign the petition online at:

http://www.gopetition.com/petition/43171.html

Media coverage:

Guardian: Can Europe escape the debt trap? Yes – and here’s how

Guardian: Europe needs debt relief, not decades of austerity

Guardian: Support the campaign to audit Europe’s public debt

EU Observer: Pressure grows for an independent audit of Greek debt

Financial Times: Interesting, odd and odious sovereign debt ideas

Tovima: Ζητούν έλεγχο νομιμότητας χρέους

Avgi: Επιτροπή Λογιστικού Ελέγχου Χρέους: Να μάθουμε τι χρωστάμε, να δούμε τι θα πληρώσουμε…

El Pais: Portugal gana apoyos políticos para evitar el rescate de la deuda

Tercera informacion: Chomsky, Loach a Grecia e Irlandia: “No pagueis!”

Negocios: Auditoria à dívida grega ganha adeptos para preparar reestuturação

Academic Publications

Marois, T. (2011) “Emerging market bank rescues in an era of finance-led neoliberalism: A comparison of Mexico and Turkey” Review of International Political Economy, 18 (2), 168-196.

Onaran, Ö., Stockhammer, E. and Grafl, L. (2011) “Financialization, distribution, and aggregate demand in the US”, Cambridge Journal of Economics, 35(4), 637-662.

Onaran, Ö. (2011) “From wage suppression to sovereign debt crisis in Western Europe: Who pays for the costs of the crisis?” International Journal of Public Policy, 7(1-3), 51-69.

Onaran, Ö. (2011) “From transition crisis to the global crisis: Labor in Eastern Europe”, Capital and Class, 35(2), 213-232.

Newspaper Articles and Briefings

The Real News, John Weeks, 30 December 2011,
The Euro Crisis in 7 Simple Charts: They’re telling you a real pack of lies– The crisis of the euro currency zone is an excellent example of how flagrant lies can successfully be converted into accepted wisdom.

Guardian, Comment is Free, Engelbert Stockhammer, 27 October 2011,
The euro: how to reform, not rescue, the system– The effective creation of a European welfare state could give new life to a project that has been built on unstable foundations.

Guardian, Comment is Free, Costas Lapavitsas, 19 September 2011
Greece must default and quit the euro. The real debate is how– A Greek default and exit must be taken in the people’s interest-non entrusting the process to the EU, IMF and banks.

Guardian, Comment is Free, Michael Burke, George Irvin and John Weeks, 4 September 2011
Cuts will not end the crisis — The coalition should turn the RBS into a British Investment Bank to lift us out of this depression.