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CNN op-ed following Article 50: The EU cannot survive if it sticks to business as usual

Summary:
March for a Different Europe in Rome, March 25, 2017. From DiEm25 facebook page. Allowing EU member states to move in different directions and at different speeds is precisely the wrong way to address the differing concerns of Europeans living in different countries – and it seems an odd way to unite them behind a single way forward for the continent.  As British Prime Minister Theresa May triggers Article 50, rendering Brexit inescapable, Europe is gripped by two paradoxes, both of which pose clear and present threats to the European Union and to Britain. David Cameron – May’s predecessor who lost the Brexit referendum – has reason to be puzzled by the upshot of his defeat. Britain is now leaving the EU because of his request for a “variable geometry” – allowing Britain to opt out of basic EU tenets – which was unceremoniously turned down by Berlin and, less consequentially, by Paris. Yet, as a direct result of Brexit, Berlin and Paris are now adopting the idea of variable geometry as the way forward for the EU. This first paradox is easier to understand when seen through the lens of the conventional European practice of making a virtue out of failure.

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Yanis Varoufakis
An accidental economist Let me begin with a confession: I am a Professor of Economics who has never really trained as an economist. But let’s take things one at a time.

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