In this interview, former Greek finance minister Yanis Varoufakis launches a scathing attack on Europe’s economic institutions. He likens the Troika – the European Central Bank, the International Monetary Fund and the European Commission – to an unelected neocolonial dictatorship. Varoufakis eloquently articulates the causes of the Greek economic tragedy and suggests reforms. While always politically neutral, getAbstract believes Varoufakis’s arguments will trigger essential discourse among economists and Europeans concerned about the euro zone’s future.
In this summary, you will learn
- Why, according to former Greek finance minister Yanis Varoufakis, Greece’s economy became entrenched in a sovereign debt crisis;
- Why he believes the Eurogroup is a “democracy-free zone”; and
- What reforms he deems necessary to save the European Union.
About the Speaker
Economics professor Yanis Varoufakis held the office of Greek finance minister for seven months in 2015.