Sustainability: the invisible common ground between the Italian problem and reforms in Europe

italy hot spotAccording to Marc Brightman, the problems of migration and economic stagnation, often referenced as the causes of the votes for Brexit or populist parties in Italy, should be treated together as part of a single problem of sustainability. An opportunity exists to exploit the rather consensual ground of environmental economics and ecological economics in European negotiations to agree on reforms for Italy and the other member states.

The formation of a populist government in Italy is causing disarray among policymakers and policy advisors working in a framework that has not assimilated advances in interdisciplinary sustainability science.

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Do Not Fear Austerity: A Public Meeting with Yanis Varoufakis

coinsAlessandro de Arcangelis, UCL PhD student in History, reports on a ‘public meeting’ with Yanis Varoufakis, and his advice to Jeremy Corbyn.

It is shortly after 19.00 when the crowd gathered at the Emmanuel Centre in Westminster bursts into a thunderous applause. Former Greek finance minister Yanis Varoufakis walks on stage with unassuming composure. The event, organised on 14 September 2015 by the anti-austerity movement The People’s Assembly, sold out in a matter of hours and dozens of people are standing at the back of the room, patiently waiting to hear the polarizing and often controversial Greek politician’s address.

Hanging above the speakers’ table is a quotation from John 10:10, whose towering presence is made rather apposite by the vibrant left-leaning atmosphere: “The thief cometh not, but for to steal, and to kill, and to destroy: I am come that they might have life, and that they might have it more abundantly”. Beneath it, the panel is impressive: Paul Mackney, former trade union leader; Romayne Phoenix, the chair of the People’s Assembly; James Meadway, New Economics Foundation chief economist;  Rosa Pavanelli, General Secretary of Public Services International; Diane Abbott, Labour MP; and, obviously, Yanis Varoufakis. Rumour has it that the newly elected Labour leader Jeremy Corbyn may eventually arrive to join the other speakers, but he is at the House of Commons, voting against trade union reforms. Continue reading

Q&A: Thomas Piketty responds to surprise Greek election result

Thomas_Piketty_2015In the wake of a surprise re-election of Alexis Tsipras and Syriza, Thomas Piketty, Professor at Paris School of Economics and at EHESS, discusses the need for a more active approach from European leaders when it comes to the Greek question – and for a eurozone parliament to be established.
+++Thomas Piketty will speak at the UCL European Institute on 14 December 2015+++

The Tsipras victory has come as a surprise to some. What has changed for Greece?

Normally, we would expect some stability in the coming years. But above all, Greece and Europe need to make up for lost time. Until now, Europe has obstinately refused to talk seriously about restructuring Greece’s debt. That was what caused the downfall of the last government. Continue reading