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123

The One That Got Away

6
terms
1
notes

Varoufakis, Y. (2017). The One That Got Away. In Varoufakis, Y. And the Weak Suffer What They Must?. Vintage, pp. 123-145

(adjective) requiring immediate aid or action / (adjective) requiring or calling for much; demanding

123

put under pressure by the exigencies of its most powerful social groups

—p.123 by Yanis Varoufakis
notable
4 years, 5 months ago

put under pressure by the exigencies of its most powerful social groups

—p.123 by Yanis Varoufakis
notable
4 years, 5 months ago

(noun) defensive wall

125

Lamont thus inherited Britain's place in the EMS-ERM fixed exchange system and tried to make the best of it, seeing it also as a bulwark for pushing down Britain's inflation rate

—p.125 by Yanis Varoufakis
notable
4 years, 5 months ago

Lamont thus inherited Britain's place in the EMS-ERM fixed exchange system and tried to make the best of it, seeing it also as a bulwark for pushing down Britain's inflation rate

—p.125 by Yanis Varoufakis
notable
4 years, 5 months ago
128

John Major, Britain's prime minister [...] committed his government to shunning 'the soft option, the devaluer's option that would be a betrayal of our future and our children's future'. It was the signal speculators needed, with George Soros famously ahead of the pack, to take the British government to the cleaner's: a once-in-a-century opportunity to profit from a commitment to an exchange rate with the Deutsche Mark that the Bundesbank had signalled it would not defend. [...]

I vaguely remember reading a long-form journalistic piece about it several years back, but at the time I didn't know much about the history of the European Union or anything so it's cool to revisit it with that context in mind

—p.128 by Yanis Varoufakis 4 years, 5 months ago

John Major, Britain's prime minister [...] committed his government to shunning 'the soft option, the devaluer's option that would be a betrayal of our future and our children's future'. It was the signal speculators needed, with George Soros famously ahead of the pack, to take the British government to the cleaner's: a once-in-a-century opportunity to profit from a commitment to an exchange rate with the Deutsche Mark that the Bundesbank had signalled it would not defend. [...]

I vaguely remember reading a long-form journalistic piece about it several years back, but at the time I didn't know much about the history of the European Union or anything so it's cool to revisit it with that context in mind

—p.128 by Yanis Varoufakis 4 years, 5 months ago

the management of resources according to a plan of economic or political development (from the French planifier)

134

the European Union remained capable of promoting planification, code for looking after large French companies through bailouts

defined in endnote 5 on p270 as French large-scale planning

—p.134 by Yanis Varoufakis
confirm
4 years, 5 months ago

the European Union remained capable of promoting planification, code for looking after large French companies through bailouts

defined in endnote 5 on p270 as French large-scale planning

—p.134 by Yanis Varoufakis
confirm
4 years, 5 months ago

(noun) a complete or impressive collection of things; (historically) a complete set of arms or suit of armor

136

To fill this institutional lacuna, the Maastricht Treaty and its successor treaties created a panoply of non-credible rules to constrain states.

—p.136 by Yanis Varoufakis
notable
4 years, 5 months ago

To fill this institutional lacuna, the Maastricht Treaty and its successor treaties created a panoply of non-credible rules to constrain states.

—p.136 by Yanis Varoufakis
notable
4 years, 5 months ago

an unfilled space; a gap (plural: lacunae)

136

To fill this institutional lacuna, the Maastricht Treaty and its successor treaties created a panoply of non-credible rules to constrain states.

—p.136 by Yanis Varoufakis
notable
4 years, 5 months ago

To fill this institutional lacuna, the Maastricht Treaty and its successor treaties created a panoply of non-credible rules to constrain states.

—p.136 by Yanis Varoufakis
notable
4 years, 5 months ago

(noun) a long parley usually between persons of different cultures or levels of sophistication / (noun) conference discussion / (noun) idle talk / (noun) misleading or beguiling speech / (verb) to talk profusely or idly / (verb) parley / (verb) to use palaver to; cajole

142

Given that the purpose of going through the palaver of re-creating a lost currency is to devalue it vis-a-vis the currency in people's hip pockets, leaving the euro is tantamount to announcing a major devaluation a year before it happens.

cool word

—p.142 by Yanis Varoufakis
unknown
4 years, 5 months ago

Given that the purpose of going through the palaver of re-creating a lost currency is to devalue it vis-a-vis the currency in people's hip pockets, leaving the euro is tantamount to announcing a major devaluation a year before it happens.

cool word

—p.142 by Yanis Varoufakis
unknown
4 years, 5 months ago