Yanis Varoufakis: Politicians ‘not what they used to be’ in 2016
On Twitter, the former Greek finance minister was asked his thoughts on a common European Budget which Italy’s soon-to-be Prime Minister Mario Draghi suggested. Mr Varoufakis responded: “A Federal Budget is a splendid idea. But it requires a Federal Treasury.
“Which, in turn, requires a Federal Government. Which, to be democratic, requires a Federal Constitution.
“Ergo, we need a fully-fledged Democratic Federation. Is Draghi still on board? I think not!”
Replying to the economist, one social media claimed the EU lacks the “political will” to use the framework for a “functioning government”.
They replied: “Doesn’t a directly elected parliament elect the Commission now?
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“Europe has the framework for a functioning government.
“What it lacks is the political will to use it.”
However, Mr Varoufakis lashed out at the claim.
In a stinging attacking on the democratic way the European Commission President was elected, he claimed Angela Merkel and Emmanuel Macron simply “chose” Ursula von der Leyen.
The economist replied: “Are you serious?
“Here is what happened: Merkel and Macron chose Ursula.
“They then told everyone else.
“Then national governments sent commissioners and Ursula, behind closed doors, conducted horse-trading that to the Commission – which the EP said yes to!
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Earlier this week, Mr Varoufakis lashed out at the soon-to-be Italian Prime Minister warning he is “like everyone else in Brussels and Frankfurt”.
He said: “Humanly, Draghi is like everyone else in Brussels and Frankfurt, at least as I remember him at the Eurogroup.
“Politically he is at the service of the financial order.
“Technically he is very capable and has shown great ability to understand what is good and what is not in the logic of service to the financial order and the establishment.
“In this sense, he is the ideal prime minister for Italy if what you really want is to implement the policies of Brussels and Berlin and to pretend that the Recovery Fund is truly the salvation of Italy.
“While it is nothing more than a debt package.”
Asked whether Mr Draghi could be seen as an envoy of the European Troika, Mr Varoufakis said: “It would not be the first time, it has already happened with Mario Monti, another intelligent man whose technical government acted as the Troika wanted, otherwise the proper Troika would have arrived.
“This is how things work in the eurozone, especially in countries close to bankruptcy, those that are not sustainable within this monetary union, where political decisions are dictated from abroad, from the centres of financial power and with the enthusiastic support of local oligarchies, whether Greek or Italian, against the great majority of people, of the people.”
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