Former Greek Minister Varoufakis Exposes EU Failure On Coronavirus

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Former Greek finance minister Yannis Varoufakis (picture: Getty)

As uncertainty continues over how best to deal with the coronavirus pandemic and the crisis deepens throughout Europe, economist and former Financial Minister in Greece’s short lived, Eurosceptic Syriza government Yanis Varoufakis delivered an incisive critique of how utterly wrongheaded the EU’s response to the spread of the pandemic has been.

In a video posted on his YouTube channel DiEM25 last week, Varoufakis said: “The other day there was a eurogroup meeting. That is a meeting of the European Union’s finance ministers of the countries that are using the euro.

“They decided that coronavirus poses a clear and present danger of a massive recession in Europe. They said it is a highly significant threat to European economies, So much so that the urgency was so great that they decided to do absolutely nothing.

“They decided they are going to monitor the situation and watch.”

Mr Varoufakis noted: “The eurogroup, the EU and in particular the eurozone are terribly structured.

“They are on autopilot.

“They simply follow particular rules that cannot be followed without racking our economies. It is a reflection of a system that has been created in order to prevent governments from acting on behalf of society.

“That is if you want the ‘neo-liberal kernel inside Europe’.”

Mr Varoufakis added: “They are talking about doing whatever it takes within the fiscal compact, which means nothing because the fiscal compact is like an iron cage austerity from which you then cannot escape.

“And you need to escape from an iron cage of austerity if you are going to do anything about the green transition or about dealing with with the wholesale recession that the coronavirus is going to bring again to Europe.

“A Europe that has fallen behind the rest of the world as a result of such stringent austerity package that increased in 2010 and spread out like a cancer out of control throughout the European Union.”

In an interview on Sky News this morning, the former Governor of the Bank of England Lord Mervyn King echoed Mr Varoufakis’ claims and noted that Britain should be very grateful it is not in the eurozone right now.

He said: “What we can take comfort from here I think is that the Bank of England and the Government are working very closely together.

“I think you can see that around the world nations are responding to this. People have to accept that tremendous sacrifices are made for other people. And the community in which we do that most naturally is the nation state.

“That is not something they have created in the euro area.

“They failed to create a fiscal union.

“Now, someone will hope that the crisis we are facing will lead them to do that but they have not got the political legitimacy to do that.

“We should be really grateful that we are not in the euro area and that we can coordinate our responses directly between Central Bank and Government here in Britain.”

Yannis Varoufakis has been a long time critic of the European Hierarchy in Brussels and was one of the few politicians in member states in the single currency system (The Eurozone”) to try to stand up to the central bureaucracy and defend the interests of the Greek nation’s citizens who had elected him. The reponse from The Bastards of Brussels was to force Varoufakis out of office and out of politics and to oust the left of centre, Eurosceptoc, Syriza paty government and install a government of appointees pledged to implement such draconian austerity measures on Greece, the nation was driven back to third world levels of poverty.

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The Daily Stirrer brings you opinion and comment on issues in the news that are likely to affect the lives of ordinary people. We therefore focus on economic matters, prices and inflation, jobs and unemployment, health, diet, education and social comment. Our contributors are old gits who are prepared to say what everybody is thinking.
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The Daily Stirrer brings you opinion and comment on issues in the news that are likely to affect the lives of ordinary people. We therefore focus on economic matters, prices and inflation, jobs and unemployment, health, diet, education and social comment. Our contributors are old gits who are prepared to say what everybody is thinking.
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Hundreds attend protest against Fianna Fail/Fine Gael coalition in Dublin

A few weeks ago the Irish General Election returned an inconclusive result as many voters rejected the traditional power duopoly of Finaana Fail and Fine Gael, both pro – EU, globalist parties, in favour of anti EU, nationalist parties with Sinn Fein (the political wing of the IRA being the main beneficiary. We predicted then that a bid by Europhile Prime Minister Leo Varadkar to hold on to power by taking his Fine Gael party into coalitioon with their traditional rivals Finanna Fail was doomed and would finish Varadkar, a Brussels puppet, and possibly lead to Ireland following the UK out of the European Union.

It looks as if the first part of our prediction is about to be realised already.

from The Irish Daily Mirror

Hundreds attend protest against Fianna Fail/Fine Gael coalition in Dublin city centre

“We’re here to show that we don’t want a Fianna Fail/Fine Gael government’
Hundreds of people came out to call for real change and protest at the possibility of a Fianna Fail and Fine Gael coalition on Saturday. People Before Profit’s Brid Smith TD, Homeless Action Ireland and Extinction Rebellion were among the groups that gathered at the Garden of Remembrance in Dublin. Protesters, holding the banner “Stop the Fianna Fail-Fine Gael Stitch Up – March for Real Change” walked from Parnell Square to O’Connell Street.

Ms Smith said voters called for change in the recent General Election – not another Government led by Leo Varadkar’s Fine Gael or Micheal Martin’s Fianna Fail. Ahead of the demonstration, she added: “We’re calling it a stitch-up between Fianna Fail and Fine Gael and the reason we’re using that term is because the very clear sentiment of the recent election was not Fianna Fail or Fine Gael.

“They got roughly around 43% of the vote, which together is significant, but it doesn’t give them majority rights. “But the sentiment of the election is that we need real change – on housing, on health, on the cost of living, on reversing the pension age.”

Meanwhile, spokeswoman for Homeless Action Ireland Leah Daly said the wishes of half a million voters are being ignored. She was previously homeless with two of her children for two years, and forced to live in emergency shelter even though she was working for a private senior care company. Ms Daly added: “We’re here to show that we don’t want a Fianna Fail/Fine Gael government.  READ FULL ARTICLE >>>

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Spain Arrests People Traffickers And Drug Smugglers Crossing From North Africa in Speedboats

by Arthur Quinnell, 7 March, 2020


Spanish police helicopter buzzes traffickers’ speedboat off the coast around Malaga (Picture credit: Central European News Agency )

Spanish police announced the arrest of 90 people suspected of being involed in an organised crime network that operated lucrative smuggling rackets that moved both people and drugs across The Strait Of Gibraltar from Africa to Europe.

The Civil Guard released a statement today stating that the smuggling network regularly moved people and drugs across the Strait from Ceuta, a Spanish enclave in northern Africa to The Costa del Sol in high powered RHIB (rigid hull inflatable boat) speedcraft of the type often used to move illegal immigrants from Libya to Italy or Turkey to Greece.

The Spanish national law enforcement agency said their investigators found evidence that 11 speed boats operated by the gang had carried a total of 269 people and over 10,000 kilograms of hashish from Africa to the Spanish mainland. The ring used radar systems and lookouts stationed along the coast to avoid detection, the police alleged. The advantage of the semi inflatable boats is they can operate in very shallow water.

The migrants moved by the racketeers were allegedly detained by the traffickers at a remote location in Spain until their families paid 5,000 euros ($5,600), a senior police officer said. The Civil Guard did not say when the arrests took place but revealed that another 39 people are under investigation in the case.

The police agency said officers involved in the operation against trafficking had so far confiscated over 10 tons of hashish, 26 boats, 29 vehicles, 250,000 euros ($282,000) in cash, and 12 firearms, during the investigation.

Ceuta is one of Spain’s two northern African enclave cities on the Mediterranean coast. Spain´s southern coast has become a major entry point for drugs and illegal immigrants into Europe since the mass migration crisis of 2015 when Italy, Greece and the Balkan States defied Brussels to tighten border controls. Since a far left government seized power in Spain, the Spanish government has taken a very lax line on preventing illegal immigrants posing as refugees and asylum seekers entering the EU though Spain’s leaky borders..

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Salvini Accuses Leftist Govt of Giving Away Italian Sovereignty to EU


Italian Prime Minister Guiseppe Conte, aonter European leader prepared to betray his country

Matteo Salvini leader of the hugely popular Populist League (Lega) party, which, despite having a democratic mandate, was excluded from the government of Italy by a stitch up enigineered by the Euronazi EU Commission in Brussels, has accused Giuseppe Conte the Italian prime minister apponted by the EU, of handing over Italian sovereignty to the European Union bureaucrats without parliamentary approval with changes to an EU bailout fund.

Changes the European Stability Mechanism (ESM), a fund that gives emergency loans to countries and banks, has been criticized by Salvini and his colleagues in League, who argue that the new system could force Italy to restructure its massive debt in a way that would have the subsequent negative effect of preventing the heavily indebted nation from leavthe Euro single currency, according to a report from Reuters. We should remember that it was the EU’s forcing Italy to join the single currency system that is responsible for most of Italy’s current economic woes.

On Friday (29 Nov,) Salvini said that the reform was a danger for Italian sovereignty and that, as was the case with the creation of the single currency system, the beneficiary would be Germany, which has banks in crisis, such as Deutschebank which recently laid off a large section of its workforce after losing billions of euros this year. The future of Deutschebank is still in doubt as the bank was forced by the EU to buy €€€billions of negative performing bonds from the EU’s basket case economies to fund previous bail outs.

Salvini, who along with his party becomes more popular with Italian voters as a result of every EU power grab, went as far as to address Italian President Sergio Mattarella directly, stating that if Prime Minister Conte signs the treaty to go ahead with the reform “it would sanction a sale of unbalanced national sovereignty.”

We expect the collapse of the Brussels appointed, pro Brussels government in Rome imminently.

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Italian Political Crisis Threatens As Former Prime Minister Quits New Democrat / Five Star Coalition

If, after reading our report of how the EU and Italian establishment stitched up the hugely popular leader of League when he called for elections after the collapse of his ruling coalition, and instead, with the backing of the Brussels bureaucracy, installed an unelected coalition to govern and revrse moost of Salvini’s reforms, you had bet against appointed overnment coalition of two politically incompatible parties, you would now he confident of picking up your winnings sooner ratherr than later. coalition between the Five Star Movement and Italy’s Democratic Party would swiftly fall apart might have been on to something.

Tuesday morning after former Prime Minister Matteo Renzi officially quit the Democratic Party to start his own political group. Though Renzi has said he will back PM Giuseppe Conte, investors are clearly worried about the prospects for more political instability.

“I have decided to leave the PD and to build together with others a new house to do politics differently,” Renzi wrote on Facebook.


Former Italian leader Matteo Renzi plunged Italy into political chaos again?

Renzi, who was seen as a centrist reformer when he was elected in 2014, left office in 2016 amid a wave of dysfunction. But since his time in office, the party has shifted further to the left, with many left-recruits loyal to current party leader, Nicolas Zingaretti. Some have long suspected that Renzi might leave the Democrats to start his own more-centrist party.

According to reports in Italian media, about 30 Democratic Party lawmakers might declare their loyalty to Renzi, but he has promised to continue to support the Conte government…for now at least.

There may be more trouble in store for Italy’s Brussels puppet government however, as well as a likely split in the Democratic Party rumours are rife in Rome that a significant number of Movement Five Star assembly members are ready to defect to League, feeling that the leaders of the party have betrayed its Eurosceptic principles and sold out to the EU rather than adhering to the founding principle of reclaiming Italian sovereignty from the wannabe pan – European empire of unelected bureaucrats.

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BoJo To Go For Election Again On Monday After Chlorinated Corbyn Chickens Out

In spite of The Labour Party rejecting Boris Johnson’s offer of the opportunity to challenge him in an election, the Prime Minister’s team of advisers believes the general election campaign underway despite Wednesday’s failure to in the required majority enabling an early election. Sources in Whitehall say the government is expected to try again on Monday after first allowing the opposition to pass a law to prevent britain leaving the EU without a deal which would make our country a vassal state of The Brussels Fourth Reich.

Traditionally the government of the day could call a general election at will, but a law introduced by the Conservative / Liberal Democrat coalition government in 2011 changed that arrangement, requiring a two-thirds majority in Parliament to bring an early election. With polling showing many anti-Brexit members of Parliament are likely to lose their seats when that vote comes, and Labour on track to be virtually anihilated outside Londonistan it is perhaps unsurprising the motion failed on Wednesday .

Now the government will bring the vote for a second time on Monday, top Brexiteer Jacob Rees-Mogg announced Thursday. It is not presently clear what the prime minister will be able to change in terms of voting numbers in four days, given he was over 100 votes short on Wednesday night. However Corbyn and other Labour leaders have gone on record as saying Labour will support the vote for an election providing their bill to make a ‘no – deal Brext’ legally impossible is passed before te vote to call an election is held.

Labour leader Jeremy Corbyn laid an obligation on his MPs to abstain on the vote for a snap election, an incongruous position given his long-standing demands for the country to hold fresh elections, claiming he would not back an election while a full no-deal Brexit was still a possibility.

The Labour leader has made the call for an election near-daily for nearly two years; indeed, a quick search of Mr Corbyn’s official Twitter account — managed on his behalf by staffers and sharing his main talking points daily — shows hundreds of messages calling for an election. As recently as Monday, Mr Corbyn wrote: “We are ready for a General Election, which will be a once in a generation chance for a real change of direction for our country.”

The Daily Telegraph confirmed claims made by the prime minister that Mr Corbyn has become the first opposition leader in British history to block a general election.

With his conditions for supporting an election, Mr Corbyn has attempted to lay a trap for the government. If Mr Johnson accepted the Labour leader’s demands of blocking Brexit before the vote, he would enter a general election without his greatest electoral trump card — the promise to deliver a Brexit “do or die” by the end of October. This shows incredible naivete or perhaps it is just stupid arrogance on the part of Labour strategists.

With a good result at the ballot box and a majority in Parliament, Mr Johnson would leave him capable of simply repealing the anti-Brexit legislation presently being pushed through the House.

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Italy PM Giuseppe Conte resigns, launches blistering attack on deputy Matteo Salvini

In another huge blow to the efforts of the Brussels bureaucracy to create an illusion of solidarity among remaining EU member states in the run up to Brexit, Italy’s Prime Minister Guiseppe Conte has resigned, citing the behaviour of his Deputy Matteo Salvini the man who was prevented from assuming the leadership of Italy after his party won the most recent election, by Brussels’ undemocratic refusal to accept a Eurosceptic politician as leader of any member state.

Since then the Brussels elite has constantly interfered in Italy’s political and economic life, in a bid to prevent Salvini, who as leader of League, the largest party in the Italian legislature from carrying out their populist agenda. Salvini, the de facto political leader of Italy as Conte had no party backing him and no electoral mandate has been seeking confrontation with the EU principally over immigration and economic policies.

This development is certain to end the League / Five Star governimg coalition, resulting in a general election in which the hugely popular League is likely to win an overall majority. If that is the outcome Brussels will be powerless to prevent Salvini becoming Prime Minister and his party assuming overall control. And that would certainly result in Italy Leaving the European Single Currency system (the Euro,) as a step towards quitting the EU entirely. READ MORE at Vanguard News

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