Yanis Varoufakis

Vintage Lecture 2016: Yanis Varoufakis

Europe, Austerity and the Threat to Global Security

May/
Sun 29 May 2016

Vintage Lecture 2016: Yanis Varoufakis

Europe, Austerity and the Threat to Global Security

Yanis Varoufakis
Sun 29 May 2016,

From the aftermath of the Second World War to the present day, Yanis Varoufakis recounts how the eurozone emerged not as a route to shared prosperity, but as a pyramid scheme of debt with countries such as Greece, Ireland, Portugal and Spain at its bottom. Propped up by the banking book, its woeful design ensured that collapse would be both inevitable and catastrophic.

He argues that since the collapse, Europe’s leaders have chosen a cocktail of more debt and harsh austerity rather than reform, ensuring that the weakest citizens of the weakest nations pay the price for the bankers’ mistakes, while doing nothing to prevent the next collapse.

Drawing on his personal experience of negotiations with the eurozone’s financiers, and offering policies and alternatives, he shows how we concocted this mess and how we can get out of it.

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