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.


  • "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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  • Costas Lapavitsas: Syriza’s Next Steps

    Republished from the Jacobin, 7 July 2015:

    The Greek people’s rejection of austerity in Sunday’s referendum was an enormous victory. But what’s next? How will the ongoing crisis be resolved? And is a Greek exit from the eurozone inevitable if ending austerity is the aim?

    Yesterday our friends at the Real News Network interviewed Costas Lapavitsas, a radical economist and a Greek member of parliament, about Syriza’s options going forward. Also a member of Syriza’s Left Platform, Lapavitsas has long been skeptical of the party leadership’s negotiating strategy and the viability of remaining in the eurozone. Here he discusses Yanis Varoufakis’s resignation as finance minister, the oligarchic private media, and the necessity of bank nationalization.

    Costas Lapavitsas is author, with Heiner Flassbeck, of Against the Troika, the first book to propose a strategic left-wing plan for how peripheral countries could exit the euro, as well as Profiting Without Producing and Crisis in the EurozoneSee our Greece Reading List for more.