This is yet another post in my ongoing discussion with Yanis Varoufakis. Please have a look at Yanis’ most recent response on the transition period to his Modest Proposal. Three quick remarks before I start with the topic of this post: The MP basically leads to each existing government bond being partly backed by the …
This is just a short one in my ongoing discussion with Yanis Varoufakis, which in our terminology is KE5, but refers to YV1. After listing all the negative implications that an exit would have for Germany – legally, economically, politically – Yanis writes My point is not that Germany plans to exit the Eurozone. No, my …