Costas Lapavitsas

Costas Lapavitsas is a candidate standing for election on Syriza’s list. He is a Professor of Economics at the School of Oriental and African Studies, University of London. He is a member of Research on Money and Finance (RMF). He was the lead author of the RMF reports published by Verso as Crisis in the Eurozone. His previous publications include Social Foundations of Markets, Money and Credit and Political Economy of Money and Finance and Profiting Without Producing: How Finance Exploits Us All.


  • Costas Lapavitsas: The case for Grexit

    Germany’s austerity policy is driving the EMU towards collapse, and will have devastated Greece long before that. A Greek exit from the euro would benefit all of Europe—and is gaining increasing support from the Greek people, writes Costas Lapavitsas for Le Monde diplomatique's July issue.

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  • "Germany caused the crisis, Germany must solve it"

    As the rift in Syriza deepens and Tsipras continues to struggle to confirm a deal, we share two talks from the economists behind Against the Troika: Crisis and Austerity in the Eurozone, who have long been proposing a strategic exit from the euro for its peripheral countries, as well as an interview with Stathis Kouvelakis, leading member of Syriza's Left Platform.

    Heiner Flassbeck, 'Germany caused the crisis, Germany must solve it', July 7, 2015. 

    Flassbeck, former director of UNCTAD, says German economic policy put Greece into the crisis and progressive Germans must stop the irrational bleeding of the Greek people. Watch the original interview here.

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  • Costas Lapavitsas: Exit is the only strategy for the Greek people

    In a talk in Athens on Friday, Costas Lapavitsas, Syriza MP and Professor of Economics at SOAS, appealed to Syriza and the Greek people to recognise the impossibility of achieving change from within the Eurozone. The EMU, he argued, is not a moral or ideological union but "an institutional mechanism ... a hierarchical body that works in the interests of big business and of a few countries within it." He continued:

    That's what the left has failed to recognize in Europe and in Greece. The mechanisms of the European monetary union are a reified class practice. That's what they are. You can't change them because you've won a vote in Greece. It's impossible to do. You can't change them because you'll get Podemos in Spain. It's not possible to do. Either you break the whole thing or you accept it as it is.

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