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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Just What Don’t They get?

Well it’s happened again.
We get to the fourth test, Two draws and one win.
The press start up, lauding in this instance Freddie Flintoff, and guess what? He has to pull out, hurt.
The press are undaunted, they bang on about how Engerland can clinch the Ashes at Headingly even without Freddie.
So what happens?
Day one, England all out for 102 by three o’clock.
Well you think to yourself it’s obviously a bowler’s wicket, the Aussies will be all out by the end of play today.
What happens?
10 off the first over. Ten!
But in the next over the balance is redressed, yes, 14 for 1.
Everything will be alright after all.
Uh oh, Australia 117 for one after the tea interval.
Oh shit.
Why don’t those press pundits keep their big gobs shut?
I’m sure if they said, “well it’s going to be a tricky match, five days is a long time, you musn’t get complacent and our best bowler is suffering with sore knees, Australia could be in with a shout to level the series.” our expectations would be lower and consequently the players would try harder and consequently would do better.
What you want some empiracal evidence to back up this theory?
Any world cup campaign since 1966, the press always reckon this could be England’s year.
In F1 Brawn were storming away, then some smart alec writes that if they only win two more GPs they will be uncatchable and what happens, the wheels come off and Brawn have no idea what’s gone wrong.
Tom Daley wins a European gold medal and gets selected for the Olympics. The press make a big fuss and tip him for a medal. Where did the boys finish? Tenth out of ten.
And how many times have we been told that a particular football team, usually Arsenal, are dead certs to carry off the Premiership as early as Christmas, only for them to be overhauled during the soggy months of January and February by a team that had been written off.
I rest my case. If the press would be a little more restrained England would be the great sporting nation it so wants to be.

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Failed Businessman Fails Again

A failed businessman shot his mother and four dogs, before setting his house on fire and attempting to shoot himself, because the mortgage company were about to re-posess his home.
The man had run up debts of £109,000 against his home, which doesn’t actually seem that much to me, considering the bungalow was worth £250,000.
He claims his mother begged him to shoot her rather than be kicked out of her home.
He was rescued from the burning home after finding that when he put the barrel of the shotgun to his head he couldn’t reach the trigger.
Doh. Doesn’t everyone know that if you are going to shoot yourself with a shotgun you put the barrel in your mouth and pull the trigger with your toe.
Seems like some people are too stupid even for a Darwin Award.

And if you thought this story was a downer you have not read Dogged By Depression. Find it at Greenteeth Multi Medias

Everybody loves a Stupid Criminal story. We bring you a recent one at Told by An Idiot