Here is an interview from socialeurope.eu with Joseph Stiglitz on the Eurozone. Its worth listening!
We wish you all the best, success and progress for the No Euro International Forum in Chianciano Terme! We think that struggling for social rights and democracy at the time being requires a direct attacking of the neoliberal type of European integration and the single currency regime. In that respect we deem international coordination as a key element of any serious political strategy.
Several people who have joined the Lexit Network are engaged in the coordination and will be in Chinaciano Terme. We´d be happy to show more presence as Lexit Network to allow a wider exchange on political views and strategies. Unfortunately, as a small network with limited capacity, this is not possible for us on September 16th to 18th. We have recognized that our appeal was object of debate in the coordination and are looking towards fruitful exchange in the future.
by Stefano Fassina
To the Editor:
On Sept 6, Yanis Varoufakis offered an interesting review here of the progressive positions addressing EU problems. The first one, he underlines with a clear cultural break, a “standard variety euro-reformism” — practised typically by social democrats — calls for “more democracy”, “more Europe”, and “reformed institutions”. But this option is founded on a fallacy: the European Union has never suffered from a democratic deficit that could be rebalanced with more democracy and a few reforms. The second one identifies “a segment of the Europe Left [that is] now calling for a break with the EU”. He improperly, as explained below, branded this call “Lexit” and associate it to the nationalistic trends now growing. Finally, the third one, described in the manifesto of “Diem25”, the movement he founded and leads, is characterised as “wilful disobedience” to the EU treaties and official pacts with the aim of making EU institutions blink.
His review is incomplete. On the Left, actually on a side larger than the Left as it includes more and more mainstream economists and pragmatic people, there is another position. A position that is difficult to disqualify as prone to and involuntarily in favour of xenophobic and nationalistic parties and movements because it does not want to break with the EU. Actually, it’s quite the opposite. It remains coherent with the internationalist stance of progressive cultures. According to this position, an “amicable divorce” of the euro zone is the necessary condition for saving the EU. This is, considering the most recent authoritative example, the position of Joseph Stiglitz in a book just published: “The Euro: How a Common Currency Threatens the Future of Europe”. It is the position of a lot of people, including myself, who signed the Lexit network appeal “Democracy and Popular Sovereignty Instead of Neoliberal Integration and a Failed Euro-System” (www.lexit-network.org) circulated last June. Finally, it’s the position I clearly stated in the article that he mentions: “the reaffirmation of democratic sovereignty at the national level, to the extent possible in unregulated global markets, to relegitimize and relaunch European cooperation” (https://yanisvaroufakis.eu/2016/07/15/14599/).
by Stefano Fassina
The Ventotene summit among Prime Minister Renzi, Chancellor Merkel and President Hollande took place recently. Crucial issues were on the agenda: the geo-political conflicts at the borders of the European Union; internal security; migratory flows; economic growth. A strong wind of rhetoric about relaunching the ideals of the founding fathers of a united Europe animated the meeting. But it made zero progress in tackling, even in analysing, the basic reasons underlying the undergoing disintegration of the EU.
Like its “sleepwalking” elites in the lead-up to the First World War, Europe’s ruling classes go on without acknowledging reality even though they have been sent clear messages. Mirroring political developments on the other side of the Atlantic, the vote for Brexit illustrates the economic, social and democratic unsustainability of the neoliberal order for increasing numbers of working families and the middle class. US and UK: anti-establishment feeling is highest where the establishment, on both right (Reagan and Thatcher) and left (Clinton and Blair), has characterized itself most strongly by implementing neoliberal programs. In this context, Brexit in 2016 could represent for neoliberalism what the fall of the Berlin Wall represented for socialism in 1989. [Read more…]
by Peter Wahl
Nobel price winner Joseph Stiglitz has released a new book: “The Euro And Its Threat to the Future Of Europe”
It is a sharp critique of the EURO-system and of its disastrous economic and social consequences.
Although Stiglitz confirms in his new book again that he is a passionate supporter of European integration, he comes to the conclusion: “A common currency is threatening the future of Europe. Muddling through will not work. And the European project is too important to be sacrificed on the cross of the euro. Europe—the world—deserves better.“