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Home / Yanis Varoufakis: Thoughts for the Post-2008 World / The campaign goes on: Did the ECB break the law in closing Greece’s banks? Sign the petition today!

The campaign goes on: Did the ECB break the law in closing Greece’s banks? Sign the petition today!

Summary:
Europe has created a central bank with the exorbitant power to close down a member-state’s banks. This central bank, the ECB, was supposed to be independent of politicians. Except that, as the case with closure of the Greek banks in 2015 proves, no central bank has less independence of politicians operating behind closed doors (e.g. the Eurogroup). This combination of EXORBITANT POWER and OPAQUENESS (i.e. LACK OF TRANSPARENCY) makes it impossible even to imagine of European democracy, let alone practise it. SIGN THE PETITION NOW! CLICK HERE [embedded content] [embedded content] #TheGreekFiles – Resources CAMPAIGN SITE: https://diem25.org/thegreekfiles PETITION: http://www.change.org/thegreekfiles VAROUFAKIS VIDEO: https://www.youtube.com/watch?v=Qttt9OHiGG8 DE MASI VIDEO: https://www.youtube.com/watch?v=eFIvxYWbkfU BACKGROUND INFORMATION: https://goo.gl/ndJWje MEDIA INQUIRIES: press@diem25.

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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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