Tuesday , May 21 2019
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My candidacy in Germany for the European Parliament – Press Conference speech

Summary:
Germany is experiencing a paradoxical crisis. Germany is, on paper, flooded by… money. The federal government is in surplus. A tsunami of foreign money is flooding German banks. Families are saving. And even corporations hoard huge amounts of savings. So, why is the political centre not holding? Why are the major parties bleeding? Why is discontent, xenophobia and precariousness on a triumphant march? The answer is: Germany’s habitat, Europe, is in a deepening systemic crisis. The inhuman austerity policies first tried and tested in Greece were, soon after, extended to the rest of Europe, Germany as well. The result is low levels of investment in people and green technologies across Europe. A wall of money is

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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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