Tag Archives: EUROLEAKS

  The Eurogroup approved a 500 billion package to fight the crisis. You recently wrote in the Guardian that The EU’s coronavirus relief deal is a gift to Europe’s enemies. Explain. To begin with, the 500 billion euros is almost entirely loans. It’s exactly what Europe doesn’t need, especially like the countries that were hit the hardest, like Italy or Spain or Greece, which have the least capacity to have the...

The lack of EU help for the states hardest hit by COVID-19 is the latest sign of the hollowness of “European solidarity.” As Yanis Varoufakis tells Jacobin, the European Union’s institutions are hardwired to ignore the needs of the social majority — preferring to allow mass suffering than to change their own rules. Yanis Varoufakis is used to controversy. Since stepping down as Greece’s finance minister in 2015,...

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