Yanis Varoufakis | The Euro Has Never Been More Problematic | Oxford Union
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Yanis Varoufakis is an economist, author, and politician who served as the Greek Minister of Finance in 2015. Since then, Varoufakis has launched the pan-European ‘Democracy in Europe Movement 2025’. In this talk, he will argue ‘the Euro has never been more problematic’.
ABOUT THE OXFORD UNION SOCIETY: The Oxford Union is the world's most prestigious debating society, with an unparalleled reputation for bringing international guests and speakers to Oxford. Since 1823, the Union has been promoting debate and discussion not just in Oxford University, but across the globe.
Yanis was my lecturer back at The University of Sydney in the early nineties in Economics I, II, and III. He was 26 years old with 2 PhDs, one in mathematics and one in Economics. He was brilliant and he is even more brilliant today. I wish that he is more direct with less analogy usage or maybe he should just directly explain what the analogy exactly meant.
Still lots of respect to my Master of Economics. 🙏
Azzam Hassan I think he uses the analogies to perhaps make his idea’s more understandable to those with less contextual knowledge.
However, I also look up to him so much; the fact that I study at the University at which he completed his undergraduate degree also makes me value my own place of education more, in hope that one day I can make as big a mark on the world as he has done!
I did not understand the weakness or oppressiveness of the Euro until he used that Jaguar example. Analogies help make economics understandableto laymen.
The505Guys
That’s what he told us back in Economics I. Unless he dropped out of his mathematics PhD? I will look into this. Please let me know if you find it first. Thank you for letting me know. 🙏🍺
The505Guys
“Varoufakis was born in Athens in 1961 and attended Moraitis School before moving to the United Kingdom, where he studied mathematics at the University of Essex before attaining a postgraduate degree in mathematical statistics at University of Birmingham and a PhD in economics at Essex.” Wikipedia
The505Guys
Maybe!
It’s not that clear. A postgraduate Degree must be at least a Masters. I will go to his official website shortly.
One of my favourite And most important intellectual of these times.
Another brilliant exposé on economy, banking, economics and politics delivered in under an hour. You're a true hero, Yanis
Where would we be without internet.
In no Economic bubble whit no Economic threat
This man is one of the greatest minds of our time.
this man is an idiot who costed us 100 billions in six months..a narcissist arrogant lunatic ....
nik b v
@@johnkonstantopoulos8192
Ξεφτιλισμένε Ελληνα .
@@johnkonstantopoulos8192 αυτα μην τα λετε παρα εξω γιατι θα σας παρουν με τις τοματες
@@antoniosparsalidis3847 καλα ...καποτε θα καταλαβης κι εσυ τι εστι μπαρουφα.... την τριτη φορα που θα τσακωθη με τελωνειακο ..θα του φορεσουν χειροπεδες...και ευχομαι να ειναι στην Αμερικη..
Read his books, I mean, he's not bad as a speaker, but as an author he's a genius.
@@johnkonstantopoulos8192 you my sir are misinformed about his cost , it literally wasnt ''his cost'' it was the cost of following the instructions of europe and he did try to go against it as EM but since Tsipras in the end gave in to the demands of Europe he resigned . As for him being psycho and narcissist thats just you attacking the person instead of the ideas do you know him personally or are you a clinical psychologist to deduce that from a screen, I say deduce that from his actions not a screen ? As for the arrogance I have no problem with it if its in acceptable levels (which it is in my opinion) im sick and tired of political correctness i think its high time someone talks genuinely without fearing if some snowflake is offended by him talking about a plan or a fact.
@@Nestoras_Zogopoulos people are ignorant, when they are in bad times they want a person to blame, this person was varoufakis. And in the end you have to risk looking bad in order to bring some good in the world. The things is, no one has the balls to do it or, they are sitting in their comfy chairs saying to themselves "it's not my problem".
@@johnkonstantopoulos8192 go to elstat and see the GDP during 2015
@@steliossiskos1209 ποσο πηγανε οι μετοχες των τραπεζων επι υπουργειας του ξερεις..? ΜΗΔΕΝ....!! ΜΗΔΕΝ ..και θελει να εχη και λογο το μουνοπανο...ασε τα capital controls..
@@johnkonstantopoulos8192 τα capital controls δεν τα επέβαλλε ο Βαρουφακης φίλτατε, πρώτον.
Δεύτερον εάν θες να βρίζεις και να μην κάνεις πολιτισμένο διάλογο δεν θα σταθώ εμπόδιο, οπότε ναι, έχεις δικιο
3. Ο Βαρουφακης ήταν ο μόνος, Ο ΜΟΝΟΣ που πανηγύριζε όταν βγήκε το όχι. Οπότε αντιτιθεσαι στον μόνο άνθρωπο που πίστεψε σε μια βιώσιμη εκτός του μνημονίου λύση. Εκτός και αν ψήφισες ναι, οπότε πάσο.
4. Δεν σε αμφισβητώ, απλά θέλω τις πηγές σου περί μετοχων
As an American, I wish I got to vote for this guy for president. You Europeans are fortunate to have him. Hopefully you can make good use of him.
he was run out of government in his country by the EU.
Sadly the elite are terrified of him!
@@feolender2938 Because German Government didn't like him.
@@Arkoudeides. He is very popular in the UK. I disagree with some of his solutions but he has certainly identified most of the problems and he does something most politicians fail to do. He listens.
@@peterd440 Well UK choose Brexit(good for you)but Varoufakis is against Grexit he thinks that we can live inside EU.I doubt.Greetings from Greece.
Yanis Varoufakis' analogies are the best.
This guy is has a mind like a razor, a heart like a lion and a soul full of compassion. He also makes economics interesting.
a heart of a lion, soul full of compassion?)) hah what are you on about...jeez. the man was a laughing stock when he was minister of economics in greece
As an Italian not particularly illuminated in the science of economics I found this speech most informative and easy to follow. I have no doubt he would make a great Greek leader or even a European one. I just wish, amidst all the gloom about the EU and the Euro, that he pointed a way out of this potential crisis. What are we Europeans to do, invest en masse in German banks ? I hope he will focus more on a constructive way out in his future speeches.
Admittedly, easier said than done as to paths out of the potential crisis. Nevertheless, I doubt he'd disagree with you!
In the US, you have vastly different economies in each of the 50 states. In an effort to even this economic disparity, the federal government moves money around from wealthier states to less prosperous states. This allows the overall economy to work. This allows our farms to prosper, manufacturing, services, and our financial sector. Rather in Europe, you allow Germany to prosper while other smaller economies like Greece suffer. Germany makes cars, air conditioners, machinery, tools, etc. Greece makes peaches, plums, and gyros! So anytime someone from Greece buys a car, a fridge, an air conditioner, that large purchase leaves the Greek economy. In return, what does Greece get back? Tourism? Well that’s not enough. Over time money will continue to leave Greece for German coffers, though eventually Greece runs out of money. They borrow money from the Germans, eventually there is a debt that can’t be paid and the whole system collapses. Without one shot being fired, Germany took over Greece!
Europe is 2000 years of Germanic problems.
this IS the best of the union talks. Yanis is a shining star in the dissconected world of politics. Listen and learn, form your own opinions and be heard - We are NOT in a unchangeable long winded historical situation.
@nik b are you for real? Congrats! you became a living caricature of the "ellinaras" model the way you formed your response...
If you disagree with the aforementioned opinion why don't you try to point out your opinion? A well-formed and constructive argument would suffice...
instead you followed the "neo-greek" kinda typecast-ed ignorant asshole way that makes all of us here in Greece to look bad!!!
So you were referring to another prominent speech happened on the roof of the building I 1943 as the actual best? Who am I referring to?
Yanis, you're simply brilliant, I could listen to you for hours.
So refreshing to hear sensible, and challenging, arguments. Must listen out for his next talks. Sounds like a very decent chap too
Read his books...all are good.
This man can be described as a clear thinker and he is Greek ; Greece the mother of all wisdom. Very few people can beat this man in a contest of wits.
@Snaggle Toothed Still it gave us Socrates Plato Aristotle and a host of Philosophers ans Yanis makes them proud
@Snaggle Toothed LOL
look after scotland first and the english pound,the party just started....envy and arrogance have a price...and dont try to justify that your nation been a global thief,everybody knows it so dont put your head into the ground like the ostrich
"The quality of your food will go down."
Well, this part was prophetic.
I mean, it was already bad. Half the food tastes like cardboard, the other half will give you salmonella.
If it's provided by the government it will go down. Been eating poor quality meat from all over Europe in the Navy for decades. Nothing new here, it has all been said before. He's not a prophet, he's a muppet.
@@AtlasofInfo Yes, because private industry does such a great job at regulating and inspecting itself.
Seriously, how do you become this brainwashed by neo-liberal propaganda as an adult?
@@richpryor9650 Why do they have to regulate and inspect themselves? Who do you work for? Are all companies which are made up of normal people all corrupt and backwards? This isn't a neo-liberal position commie.
@@AtlasofInfo Because they end up killing people or destroying the environment. Hence, the meatpacking circa 1920 using child labor and causing mass E-coli outbreaks. But I guess that's okay because "free market" and who needs laws anyways, am I right?
Speaking of meatpacking, we need to get your head packed with something other than Milton Friedman quiefs and PragerU schmegma, because you have such a major case of Chud brain that you think that billion-dollar corporations have your best interest at heart and anyone who doesn't think so is a pinko commie.
But we'll see what you think of that when Exxon sets up a fracking well in your front yard, and your tap waters become flammable. And every complaint that you lodge is dismissed because Exxon gets to set their own environmental regulations, and wouldn't ya know it, they happen to comply with all of them.
Well done Oxford. A range of speakers leads to a broad mind.
This guy is a genius.... this is why i love youtube. I would never find this on msm....
Thank you youtube. Thank you youtube creators!
I wish he'd come to Liverpool and give one of his lectures. A truly intelligent mind that challenges you to think, learn and question. These voices need to be given a platform if we're to survive the mess that's quickly engulfing our world
Fascinating speech. I don't agree with everything Yanis said, but he is on point with the Euro.
..and as an english citizen,greek native...i agree with you....just to mention to you...when he start saying to the greek people that we have to go out of euro...they kick him out of his possition..as a finance minister...coz he was the one who went to Brussels and not make a deal with those criminals.....very nice of him saying.."slightly corrupted"..tho...nice guy...and honest...in my opinion...
He never ever said to the Greek people or the people that he was trying to negotiate, that we have to go out of euro. NEVER. What he really said was that Greece under no circumstances can take another loan and he backed up his point not as a politician but as an economist. He never wanted to go out of euro but he was saying that if they leave us no other choice and they insist on these ridiculous policies then it is the only way forward.
This man is a genius.
I think it is of massive credit to the OU that they listen so well to such a variety of points of view. It does you great honour.
Yianis, you are the man! I hope people start believing in you and you are avle to create a positive future for us all.
Wonderful speaker on the Euro.
I've sen this few years, time is proving you right , Yanis stay on on this, stay on this message, I have feeling that people are waking up, you are needed for this intellectual change of society more of than ever before, we need you and other intellectuals more than ever
What a fascinating wonderful speaker.
Unbelievable Economic Genius.
Thank you so much for bringing your speakers to this forum. I greatly appreciate it and look forward to what you can provide in the future.
Great Guy he knows he’s stuff. Fantastic
What I found disturbing is that when he mentioned he had been disinvited because of pressure from Dubrowski, there was literally no reaction from the students in the audience. The acceptance of such behaviour by the Oxford Union was chilling.
You learn little from debates anyway. Better to have each speaker have his say on his own.
I love this man's rational speech in our current emotionally roller-coastering times. He reminds me of Christopher Hitchens...
LOL... and they love sheeple too...
@Neil Mo Oh do grow up and get a real life you sad muppet...
@Neil Mo There, there sparky... don't hurt yourself....
As long as Greece keeps producing intellectual heavyweights like Varoufakis, there is hope for their future!
It's almost like they were known for it at one point!
As long as Greeks disparage and disrespect intellectual heavyweights like Varoufakis, there is none, I'm afraid.
At first I thought I was having a stroke but then realised I’d just agreed with a leftist on something. Great speech.
Yes me too
On what?
I love him!!! he's so funny and he ooooozes intelligence! lol
“You are a wet dream for a German Banker” I am gonna have to sample that in the future.
Whoever has the power to control the money supply calls the shots.The Fed, ECB.There are only german bank employees working for the the BANKSTERS.
@Peder Hansen As Yanis said for every irresponsible borrower there is responsible lender.
Not everybody has capacity to understand what he is signing up for when he gets credit from bank. Same happened in US with mortgage crisis. Banks had very aggressive policy of advertising and pushing people into debt. And people believed them it was good deal for them.
@@NJ-wb1cz
... And the children's children's, children. And... 😂 👍
@Peder Hansen that's not true. Loans are being pushed by all sorts of sneaky tactics, like for example replacing the list price of an expensive item with the first payment of an in-shop loan. Or writing "0% credit!" while hiding monstrous interest in the multiple pages of small print. Banks are dangling stuff people desire and the only thing that separates people from the thing they want is a signature.
@Peder Hansen where do you live? Do you have all ads for credits banned?
There's no "fraud" in those tactics. It's just dangling carrots for impulsive people to grab without thinking.
Why do Kiwi and Aussie not share a common currency because we're not stupid enough to share a currency because we have vastly different economies despite being close , Having your own currency allows you at least some economic independence.
Great point.
who gaf about 'kiwi' and 'aussie'?
@@guwest2 millions of people? Economists?
@Murray Mclellan.Why are you comparing Australia with Greece?
And Greece problem has nothing to do with Euro or shared currency.
Plus it was even given the chance to leave the Euro.Greece decided against it.
Not surprising as without the Euro and using Drachma Greece would have competed with Mugabe's toilet rolls for the position of most worthless currency in the world
I think that was more or less his point. Well not economic independence just for the sake of it, but because even the chances of 2 economies being compatible enough to work under a single currency is remote. Having 19 vastly different countries. That was nonsense from the very beginning.
Some in huge debt, some in huge surplus.. each country with it's own nationalist agenda. Each country with its own government needing the support of its voters to survive and those voters demanding different things of their finances - it never stood a chance.
I mean think about it?
How the hell could it?
How could one currency be run that would work for Germany and Greece? For France and Portugal?
We had Gordon Brown and his "5 fiscal measures that needed to be satisfied before we would join the EMU" (European Monetary Union later the Euro)
They weren't.... so we didn't
And thank FECK for that.
Just brilliant !!
What a great man & great speach!!!
Yanis, what is your problem you know? you're toooo much intelligent, smart,intellectual for EU.
hi is an idiot...
@@johnkonstantopoulos8192 ψήφισε εσύ μνημόνια το χρέος να μην αποπληρωθει ποτέ και να συρρικνώνεται η οικονομία μέχρι να χρεοκοπήσουμε με μικροσκοπικό ΑΕΠ...αν δεν διεκδικήσεις πράγματα είσαι τελειωμένος
@@johnkonstantopoulos8192 you are an idiot.
when the foreigners understand better our wrong choices and stance. we greeks are truly idiots. of course he made mistakes. he is not God but at the same time, his suggestions were gunned down by the convenient political agendas. enemies are not only those who want us to perish but it is more scary to think that the greatest enemies are within our country.
Regardless of your political views, I think Varoufakis's commitment to democracy will be looked back at in years to come as a defining moment for Europe and its values
brilliant narrator.....great mind
Yanis, a nice guy... and here he is absolutely right about the EU.
His - fewer than six - months as a minister cost the Greek taxpayers around 50 billion Euros, by moderate estimates. But yeah, he seems nice . .
maharajahdann yeah because he had Plan doing nothing in some way they will kick out from Eurozone, but it didn’t work, and it wouldn’t because Greece is 95% dependent on European market the same will happen with the UK.
only Yannis can explain the titanic fucked up mess that is called EU in a way that the average Joe can grasp,
A true Master!
He was too clever for Scauble and the rest of the bureacracy of EEC. So hey've tried to achive a character assasination via public defamation
@nik b go fuck yourself , german lackey(kourabie) !
the fact is that they achieved in a degree, what they wanted. propaganda in full to destroy his image. at least here in greece. he was/is different from them. and unpredictable in their political agendas. so they were scared of his character
With his potential he should have been gotten president of the commission, but of course the elites didn't let him... The media especially here in Germany portraied him very badly
honest, and well informed great man .
He and Noam Chomsky are two that I never pass up, both talk sense
... good luck to you Yanis.
...and Michael Parenti
czcams.com/video/VCcX_xTLDIY/video.html&ab_channel=Kraut
Να'σαι καλά Γιάννη!
Yanis as Prime Minister would put the Great back into Britain again!
just say no to drugs
@nik b You must be one of the most boring and saddest persons on earth, one fails to find a modicum of interest in what you write...but I'm sure you've been told that many times /-)
His analysis regarding the euro and the eurozone is spot on. His believe that this can be reformed, however, not so much. The euro must end.
May Democracy flourish in Europe.
His point from 34:00 onward reference the demonisation of opponents by the Lliberal / left / remainers is very well put. I was originally voting to remain, but was undecided until just before the referendum. What swung my decision to leave was the vile aggressive attitude of the remainers towards those who were choosing a different path. I went to listen to the leave tour in Winchester and was genuinely shocked, saddened the angered by the way the remainers bullied and heckled the leavers. After watching the final TV debate and witnessing the difference in attitude and presentation between the two sides - particularly that twisted angry face of Khan, It swung my vote (and i imagine many others) to Leave. The way the Remainers have behaved since has deepened my anger in them. I know of many others who voted to remain, who feel the same way.
The way other people behave shouldn't sway your vote, full stop. Neither side were particularly productive, but ultimately it isn't remainers or brexiteers making the decisions at the top end, so why does it ultimately matter how they behave?
I think you were always going to vote leave.
I think it's bizarre that you haven't seen the same behaviour from leave voters toward remainers?
@@CortezHoratio Not yet. . .wait until a second referendum (AKA do-over) is called for. That's the line in the sand.
Everything you say about Remainers' treatment of Leavers applies the other way round.
bugattieb110ss great comment thank you for your truthfulness
Brilliant and engaging speech...erudite and lucid...from a man who has been at the centre of the EU and now speaks wisely - we should listen carefully.
I have a lot of respect for Yanis, I don't agree with all his conclusions but he over 50% correct which is a lot greater than most
that is ZE best video i have EVER watched. Thank you for sharing these thoughts with the world. I will try to enforce a subject in german schools on europa and economics in our Ministry of Culture (responsible for education ..i know it sounds stupid)
i think we have to inform and educate the people with these kind of talks way more...especially beneeth the adult people! This is sadly a rare case in east germany at the moment
Thank you again and i am looking forward for another talk from Yanis Varoufakis.
...could work in a school where plebs have no %, where proper discusion takes place, where kids have an interest in other stuff than kiff.
Well if you move your Euros to Germany, don't put it in Deutsche Bank!
Nice one.
No one put it in Deutsche Bank, the most common bank in Germany is Sparkasse.
@@thrakiamaria most shity bank, rip off
A genius of a man. Intelligent and entertaining.
In your description, please publish the precise date and location of the lectures and discussions.
I voted Leave. Like this guy I would also love to see a federalised Europe, but the EU project has made such a hash of it by federalising into the hearts of different national statute books across the continent and then acting belligerently when nations see fit to complain. Not the way to do it. Trade federalisation without all the other stuff.
Listening to him I get the feeling of looking at the world through a telescope, seeing just a small part of the picture through the eyes of an economist. I sense that there is so much being omitted and that almost all the pressing issues in the current state of the world and in the EU are being attributed to economics and only economics.
He is clearly a brilliant and articulate man, but this talk reminds me of the saying: if all you have is a hammer, everything looks like a nail.
I suspect the same thing.
eloquent and well-read speaker ... thank you Oxford Union
Not the hero we deserve, but the hero we need.
In Greece he failed, but he does not care
11:00 not a fair comparison. US was oversold in 2008. Of course it would have yielded more gains by today
I'd like him to compare from 2006
Great as always 😍
This man is so smart and inciteful.
Credit cycles,they exist and are getting more volatile with time,study them, they provide great information about what is really going on,this man wrote a book called the global Minotaur which is a good read,he knows economically what he is talking about,the Euro is very problematic,but it’s not the only currency that is going to be problematic,the world is bigger than just one of it’s continents
yanis i love you my brother
The EU is one of the greatest political experiments ever.
Mr. Varoufakis has the practical and ethical prescriptions for it to thrive.
Death to e.u imperialism
Everything he says is so true. And the solution is so simple: Let the money flow in the EU and ensure stability and trust, and Europe will become an economic boom which they had never dreamed of.
Key word is thrust , that will solve everything
thanks for your insights and I hope your honest opinion this was great
and confirm my theory that left right centre upper and down is obsolete
we need to discuss all our problems in a free and intelligent manner
with the help of all available facts
to find solutions for our problems past present and future
The EU leaders and bureaucrats think political project > economy for "normal" people. It is a principle for them. You have to give it to them, they are sticking to their principle / priority. It's just not for us. Hence we want to leave the EU and didn't join the Euro.
@Sam Black exactly. But they knew at the time the people didnt
Thanks Yanis, 'Liked', in the first minute!
He’s been prophesying the demise of the Euro for 10 years now. I remember the pre Euro era and it was not pretty.
The elephant in the room is the British FPTP electoral system. Totally unrepresentative and undemocratic. This has shafted high swathes of England making BREXIT.
California and Louisiana are in a monetary union but their economies are far from convergent.
Ireland and Greece have different experienced of the Euro. One good and one bad. Lesson learnt, and Greece is sexy again. Life is better than ever before.
But he’s a good speaker. Agreed!
Wish there were more like him!!!
I would like to know whether Steven Banon would have the moral courage to engage a conversation with an intelligent opponent such as Yanis Varoufakis
With discourse at the level of the basic assumptions and parameters of investigation from which their world views -
And thus their recommendations for action proceed....
Great to see what was originally a road built to reduce congestion in and around London evolve into a democratic movement. Who saw that one coming? #M25
....and eventually by 2021 charge us for making that movement.
Love the speakers OxfordUnion presents
The last comment he made was the best and as far as I am concerned on that he was 100% right
Chaos,that’s what is coming and being engineered daily
...the sooner the better? Well, two years down trhe road now and it's gone all toffy.
816 bankers didn't like hearing the truth from Yanis.
I don't agree with his stances on populism and the Godwin-like comparisons, but regarding the Euro and economics, and the design of the EU, Yanis is right on the money (pardon the pun). I can respect his idea to have a European movement that runs indifferent of EU-membership to fill in the democratic debt. Also, his stance of giving everyone a platform, even the people he detests, is admirable.
So yeah, a mixed bag for me. It was worth listening to though.
he is another radical leftist lunatic...everyone he doesnt like is labeled a fascist... famous leftist tolerance shows again
yeah people who said what you said a hundred years ago most likely were killed by the same fascists, over and over again all the way from Ancient Greece in one form or another @@TysonFuryTheGOAT
Excellent talk, thanks
I would just love to see a Varoufakis vs Bannon debate.
Alexander The Great's Tutor, Aristotle, had a very jaundiced view of all forms of Government. All of them had faults. I am no scholar, but perhaps Aristotle might have approved of the principle that a small amount of the poison that does you harm, in carefully controlled minute doses, may do the body politic some good. Maybe controlled doses of a little 'Anarchy' might prove beneficial. Even if Aristotle might have abhorred such a concept, Scholars will know, I feel inclined to believe Aristotle may have permitted a debate on this hypothesis.
IF YOU COMPARE Aristoteles to this lunatic ...i suggest u study plumbing .. the man is a paranoid narcissist who costed 100 billion to Greece in just 6 months [that's why they send him out..] ...economics have to do with numbers ...not with Marxist theories ...
@@johnkonstantopoulos8192 I started working as a bean counter for The Bank of England, circa 1975. I was introduced Christmas Eve 1974, by the Daughter of the gentleman Gerald Enderby-Smith. M.D. of The FUJI Bank, who Mrs Thatcher summoned later to No 10 Downing Street to accept the Governorship of The Little Old Lady at Threadneedle Street. My Portfolio back then was counting $4.5 Trillion Dollars worth of Aduki beans. $100 billion, would have been a very serious error. 1/45th of the entire budget! 0.02222222.....22222 ...etc % Tut! Tut! I would have been sacked!
Wonderful speaker on the uru
He is my intellectual crush and will remain so until I am alive. I am obsessed by him intelligence and charm.
Fracking hell... I can't believe anyone still takes any notice of this
babbling Baroufucky clown with delusions of adequacy....
just ask his former fellow treasonous "comrades"...
i know this guy as the conomy expert for valve
I wish, you were my economy teacher!
A big mind really if you ask me.i have seen his way of thinking back in the day 2015 i was 15 years old.i can now understand him more and i wish him the best of time's.
Such beautiful turns of phrase -- LMAO.
The Grasshoppers of Europe.
A Banker's Wet Dream.
Designer Idiocy.
The Euro has never been more problematic. That's an understatement.
How would you "overstate" it?
The fact that this mastermind is widely disliked in Greece says a lot about us Greeks as people. No one bothers doing any research beyond what they're being fed from the media. And when someone tries to explain that things are not what they seem, they just won't listen. I have great respect for Yanis for keeping on fighting and not losing hope on his home-country.
Right! This Man is very Brave...
Very interesting and thought provoking speech
I would go further than ‘miamistorm’ and say that it has been quite a while (if ever) since democracy existed: what we have, in fact (in my opinion), is the appearance of a democracy by a political class that mostly works only for itself by presenting various candidates (each with his/her own agendas) who swindle people into giving them their votes so that they can not deliver on their promises and who are mostly at the service of great interest groups.
Varoufakis criticises the nationalistic rise in European countries but not coming with a clear alternative to the "poisonous" European design. He mentioned a few weaknesses of the EU, like: lack of democracy/transparency, lack of accountability of the local governments towards their own electorate. We should probably start from there.
Ironically Bannon made as much or more sense in his speech here as does Varoufakis.
The advantage of native speech shouldn't be underestimated. Both are extremely smart men.
He is really great...
He has a fine memory and a deep understanding of the countries and the issues he's talking about.
5:30 note to self: get a bank account in a German bank, Just in case
Just avoid Deutschebank!
You are skating on thin ice when you disagree with Yanis on economics , but on the on the politics of immigration and the manifestation of nationalism , I find that he underestimates the situation of the ordinary working family ,: manufacturing jobs have shifted to China /indonesia/India /etc, at the very same time as feminism altered the patriarchy , low birth rates , high divorce rates, and then the migration of divergent cultures, plus debt and austerity, means that the demos , the people, have had enough , so for me, its not a 1930 type fascism, but an ordinary expression of dissatisfaction . So dont worry about another Hitler , at the most you might get another Spartacus , who could also suffer death at the hands of the ever increasing power of the unelected bureaucrats of Brussels , the EU(SSR). So in fact the EU has 3 imbalances , First its economics , 2. politically it is sucking in too much power , 3.Internationally it is undermining NATO , and even the United Nations which has kept the peace since 1945 , not the EU . The lecture was however excellent , and compelling .
your issue is with capitalism not with Varifakis
gary symons He’s a Marxist this explains what you say. Some things Marx said we’re right but the basis of his philosophy was utterly flawed so politically this results in disaster.
We are getting more Hitlers than Spartacuses so far and that is very worrisome.
Yanis Varoufakis is suspect
Well, NATO needs to be disbanded altogether. It's a completely useless and undemocractic construct that only serves to enrich US military industrial complex.
Similarly, EU does not "suck in too much power". EU prevents US (or anyone else for that matter) from using divide and conquer tactics in Europe, and it has about the same political power as US.
If you advocating for breaking up EU - you should be advocating for breaking up US to maintain balance.
Amazing talk
A most intelligent and charismatic speaker.