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Home / Yanis Varoufakis: Thoughts for the Post-2008 World / On Dutch FinMin, the Eurogroup, its President, the euro, DiEM25 and MeRA25 – Interviewed by TSF Radio Noticias

On Dutch FinMin, the Eurogroup, its President, the euro, DiEM25 and MeRA25 – Interviewed by TSF Radio Noticias

Summary:
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 necessary increase in public debt. The reason why the eurobonds – that nine countries, including Greece and Portugal, demanded – are essential is because it constitutes a debt restructuring, so that debt does not go to the nations, it is spread out across Europe. By being spread out, its total net

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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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