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.
An economics professor at London’s School of Oriental and African Studies, Costas Lapavitsas (born 1961) visited Barcelona last week to present his latest work, Eurozone Failure, German Policies and a New Path for Greece. In this text he advocates Greece leaving the euro, as an instrument for overcoming the country’s crisis. Critical of Alexis Tsipras, Yanis Varoufakis and Syriza (he had been an MP for the party before the third deal with the Troika), Lapavitsas is conscious that his positions regarding the EU and the euro are still in the minority among European progressives. Nonetheless, he believes that "the first step for the Left is to say that the currency union has to end."
Oriol Solé Altimira's interview with Lapavitsas was first published in El Diario. Translated by David Broder.
A year ago you were in Madrid for the presentation of the Plan B for Europe. How do you think that this initiative has developed?
The Madrid discussions were interesting, because a lot of people came and there was a good atmosphere. Nonetheless, they were politically confused, because various ideas were presented on what the Left ought to do about Europe, without any concreteness. People still think that it is possible to change the European Union. One year later, I think that this position has lost supporters. More people have realised that if we want an alternative, a different path or different strategy, we have to take radical steps also with respect to the institutions and the EU.
The second Ιnternational Conference of EReNSEP (The European Research Network on Social and Economic Policy), "France and Europe after Brexit", was held in Paris December 2-3, 2016. Videos from the event — including presentations by Costas Lapavitsas, Heiner Flassbeck, Stathis Kouvelakis, and Cédric Durand — are available on YouTube.
The collective statement below was drafted following the conference, and signed by 25 academics, writers, and politicians.
via Wikimedia Commons.
These are critical moments for Europe. It is clear that the Economic and Monetary Union has irrevocably failed, the economies of the periphery of Europe remain in severe crisis, and the economies of the core lack any impetus. The single currency has become a tool for Germany to implement mercantilism through wage dumping and — with the support of other core economies of the EMU — to dictate “structural reforms," which create economic stagnation, poverty, and unemployment. The big corporations and promoters of neoliberalism are taking advantage of the crisis to intensify their offensive against the social and democratic conquests of the twentieth century.
25 researchers and political organisers from France, Greece, Spain, Germany, Italy and Belgium have put their names to this collective text, following the international conference France and Europe after Brexit. The conference was staged in Paris on 2 and 3 December 2016 by the Europe-wide EReNSEP network. Translated by David Broder.
Europe has entered a critical period. It is evident that the Economic and Monetary Union (EMU) has irrevocably failed. The economies on the periphery are suffering severe crisis, and the economies of the centre are stagnating. The single currency has become an instrument of German capitalism as it seeks to impose a mercantilist economic policy through wage dumping as well as to dictate "structural reforms" (and it is supported, in this, by the other economies at the centre of the EMU).