yogi bear up the cagire
Life President⭐
Two very good reads/listens.
Adults in the Room - My Battle With Europes Deep Establishment.
In Adults in the Room, Yanis Varoufakis exposes the shocking reality of how power is wielded behind the scenes at the EU - and argues that only radical reform can save it from collapse.
Yanis Varoufakis became globally famous when was elected finance minister of Greece with a specific mandate to say no to the EU: to reject the forced loans and crushing austerity forced upon his country by the Eurozone.
The negotiations that ensued became one of the most spectacular and controversial battles in economic history. But no one actually knows what went on because Eurogroup discussions are held in secret. In this no-holds-barred account, Varoufakis reveals all: an extraordinary tale of brinkmanship and backstabbing that will shake the economic establishment to its foundations.
The future of the EU now hangs in the balance. As Varoufakis argues, the only way it can survive is if the truth is known, ushering in a new era of radical transparency and accountability in Brussels. Adults in the Room is an urgent wake-up call to renew European democracy before it is too late.
and
And the Weak Suffer What They Must - Europe, Austerity and the Threat to Global Stability
In 2008, the universe of Western finance outgrew planet Earth. When Wall Street imploded, a death embrace between insolvent banks and bankrupt states consumed Europe. Half a dozen national economies imploded, and several more came close. But the storm is far from over....
From the aftermath of the Second World War to the present, 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. Its woeful design ensured that collapse would be inevitable and catastrophic.
But since the hurricane landed, Europe's leaders have chosen a ****tail 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. Instead, the principle of the greatest austerity for those suffering the greatest recessions has led to a resurgence of racist extremism. Once more Europe is a potent threat to global stability.
Drawing on the personal experience of his own negotiations with the eurozone's financiers and offering concrete policies and alternatives, Varoufakis shows how we concocted this mess and how we can get out of it. And the Weak Suffer What They Must? reminds us of our history in order to save European capitalism from itself.
Just give them a go. Some might actually learn something...
I haven't read his book but from what you quote, I would have sympathy with some of his ideas. The unregulated banking system, IMO, is the root cause of most of today"s problems..........austerity, Brexit and the rise of the popular right. We should have dealt with bankers as they did in Iceland...........put them in jail. Sickeningly, IIUC, many of those who caused the crash in 2008 are still in control of the system and could be heading us for another crash.......maybe bigger than the last one. I've always believed that the EU is in desperate need of reform. The UK, with a consciencious government could have been a driving force for that kind of change. Difficult to change rules when you're no longer a member of the club. When you mention Varoufakis, I understand he would favour leaving the Euro? If they did, I'm not sure how it would work out for Greece, I imagine, at least initially, it could be very painful. You would also have thought he'd be singing the praises of 'Grexit'...........is that not the case? If it isn't, then why not???
This article, a little dated but still relevant offers another viewpoint from a Greek perspective. Not one I suppose you'd agree with.
https://www.independent.co.uk/voice...-support-uk-eu-european-economy-a8514701.html