EU ECONOMICS MEETS DEMOCRACY – interviewed by the Green European Journal

Posted: July 30, 2016 by vequinox in Literature

Yanis Varoufakis

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The architecture of the European Union institutions is flawed. Its leaders seem to deny the ineffectiveness of the response given to the financial and economic crisis as we see inequality and extremism on the rise. The European Union will be unprepared for the next crisis unless it profoundly reforms its governance and enhances democracy.

Screen Shot 2016-07-22 at 10.35.00.pngToday in Europe we see it being bashed, mistrusted, and loaded with negative emotional charges. Why? What do you think are the big disintegration forces at play today in Europe?

Yanis Varoufakis: The European Union is a construct which was simply not fit for purpose. 

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