The Sick Patient: EU between Authoritarianism and Incompetence. Yanis Varoufakis

The lack of democracy has been responsible for the economic disaster in the EU, says Yanis Varoufakis. In the U.S. a similar situation with unemployment rates still at 11 – 12 % would have led to the fall of the government while the bureaucrats got fired. Not so in the EU where the opposite is true.

The “comedy of errors” goes on since all important decisions are made in backrooms by unaccountable EU representatives like in the Euro working group. The cartel of interests behind it must be stopped to prevent a crash and an ever widening gap between public opinion and politics. And: Corporations should pay their taxes in Europe. “The reason why we have democracy in Germany, in Britain, in Greece, in the United States is because capitalism without democracy is a very uncivilized system. In which life is nasty, brutish and short.”

 

German Version: Yanis Varoufakis: Demokratie vs. EU-Kollaps

Gäste:  Yanis Varoufakis: Former Finance Minister of Greece and Co-Founder of “Democracy in Europe Movement 2025” (DiEM25)

Articles by: Yanis Varoufakis

Disclaimer: The contents of this article are of sole responsibility of the author(s). The Centre for Research on Globalization will not be responsible for any inaccurate or incorrect statement in this article. The Centre of Research on Globalization grants permission to cross-post Global Research articles on community internet sites as long the source and copyright are acknowledged together with a hyperlink to the original Global Research article. For publication of Global Research articles in print or other forms including commercial internet sites, contact: [email protected]esearch.ca

www.globalresearch.ca contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available to our readers under the provisions of "fair use" in an effort to advance a better understanding of political, economic and social issues. The material on this site is distributed without profit to those who have expressed a prior interest in receiving it for research and educational purposes. If you wish to use copyrighted material for purposes other than "fair use" you must request permission from the copyright owner.

For media inquiries: [email protected]