European Studies Logo

Crisis in the Eurozone

This page details a past conference co-hosted by CES. For current and upcoming events, click here.

With no end in sight for the Eurozone debt crisis, leading European and American economic policy experts will gather for a two-day conference starting Nov. 3 to discuss the financial and economic threats currently facing Europe.

"The Crisis in the Eurozone" will take place Nov. 3 through 4 and is sponsored by the Center for European Studies, EU Center of Excellence, and the Lyndon B. Johnson School of Public Affairs at The University of Texas at Austin with the assistance of the Institute for Historical Studies, the Department of Government, and the France-UT Institute. This conference will provide an opportunity to assess the performance of Europe's financial architecture and to learn about one of the most serious economic threats of our time.

The event will focus on "A Modest Proposal for Overcoming the Euro Crisis" by Yanis Varoufakis and Stuart Holland, a plan which would combine the innovation of the Eurobond with a "New Deal" approach to European development.

This event is free and open to the public but registration is required. To register, visit: This event will take place at the Bass Lecture Hall at the LBJ School of Public Affairs located on The University of Texas at Austin campus.


The crisis in the eurozone - The continent is destroying the weak to protect the strong. But will that be enough? by James Galbraith,, Nov. 10, 2011

La crisis de Europa vista desde Tejas - La Pais, Nov. 19. 2011

«Η επιλογή είναι μεταξύ καρκίνου και ανακοπής» - Eleftheriotypia , Nov. 20, 2011

Eurokrise: umverteilen statt sparen - Swiss Public Radio,  Dec. 7, 2011

Não há sinal de aprendizado dos líderes - O Globo, Dec. 12, 2011

Sauvez les citoyens avant les banques! - Le Monde, Dec. 14, 2011

Conference Materials and Working Papers:

Download the program - Please note that this program is subject to revisions and change

Notes on the Eurozone Crisis by Jan Toporowski

L'Italia: una crisi nella crisi by Carol D'Ippoliti and Alessandro Roncaglia

Monetary Union Stability: The Need for a Government Banker and the Case for a European Public Finance Authority by Thomas I. Palley

Monetary Policy and Central Banking after the Crisis: The Implications of Rethinking Macroeconomic Theory by Thomas I. Palley

Rethinking Europe and the EU by Bruno Amoroso

Notes on the Eurozone Crisis by Jan Toporowski

The Euro imbalances and Financial Deregulation: A Post Keynesian Interpretation of the European Debt Crisis by Esteban Pérez-Caldentey and Matías Vernengo

Euro Shield by Stephen S. Cohen, The Wall Street Journal, April 23, 2003

Could Euro-bonds stop the public debt black plague which is destroying Eurodom? by Alain Parguez

Proposed Solutions by Alain Parguez

The Unfolding Euro Implosion: Can the Modest Proposal Save Europe? by Joerg Bibow

Conference Video

Thursday, November 3, 2011

Keynote speech "The Modest Proposal", by Yanis Varoufakis - introduced by James Galbraith

Opening Session: Maciej Pisarski, Deputy Chief of Mission, Embassy of Poland; James Galbraith, Professor and Lloyd M. Bentsen Chair in Government and Business Relations, LBJ School of Public Affairs, The University of Texas at Austin

Session One: The European System: Dream or Nightmare?

Bruno Amoroso, President of the Federico Caffè Study Centre, Roskilde University, and Professor at the International University of Hanoi, Vietnam; Terri Givens, Associate Professor, Department of Government, College of Liberal Arts, The University of Texas at Austin; Alain Parguez, Emeritus Professor of Economics, University of Franche-Comte, BesanconFrance; Matias Vernengo, Associate Professor, Economics, Department of Social and Behavioral Science, University of Utah

Session 2: Why the Crisis in the Eurozone?

Dr. Heiner Flassbeck, Director of the Division on Globalization and Development Strategies of the United Nations Coonference on Trade and Development (UNCTAD); Robert Guttmann, Professor, Department of Economics, Hofstra University and Visiting Professor at the Université Paris XIII-France; Jan Toporowski, Professor of Economics and Finance, Chair of the Economics Department at the School of Oriental and African Studies, University of London; Gilles Raveaud, Assistant Professor of Economics at the Institute for European Studies, University of Paris

Session 3: Can the Modest Proposal Save Europe?

Joerg Bibow, Associate Professor, Skidmore College; Kunibert Raffer, Associate Professor, Department of Economics, University of Vienna; Yanis Varoufakis, Professor of Economics, University of Athens

Session 4: Eurobonds, the Green New Deal and other Euro-Solutions

Marshall Auerback, Research Associate, Levy Economics Institute; Olivier Giovannoni, Assistant Professor of Economics, Bard College; Dr. Thomas Palley, Economics for Democratic & Open Societies

Friday, November 4, 2011

Session 5: If Europe Fails

Stephen S. Cohen, Professor of Regional Planning, University of California at Berkeley, and Co-Director of the Berkeley Roundtable on the International Economy (BRIE); Norman Birnbaum, Professor Emeritus, Georgetown University Law Center; Richard Parker, Lecturer in Public Policy and Senior Fellow Shorenstein Center, John F. Kennedy School of Government, Harvard University; Aurore Lalucq, Economist, Executive Staff at Institut Veblen for Economic Reforms

Session 6: Concluding Roundtable

James Galbraith, Bruno Amoroso, Joerg Bibow, Robert Guttmann, Alain Parguez, Kunibert Raffer, Jan Toporowski, Yanis Varoufakis

  • Center for European Studies

    University of Texas at Austin
    158 W 21st Street
    Austin, Texas 78712