Greece’s new Finance Minister on his ‘modest proposal’ for the Eurozone

alittleecon

Here is a nice video of Greece’s new Finance Minister Yanis Varoufakis being interviewed in Italy late last year before Syriza came to power. He talks about his ideas for resolving the Eurozone crises (plural) within the confines of  the current rules of the EU. These, he first set out in a paper entitled “A Modest Proposal for Resolving the Eurozone Crisis” (since updated). Notice how scathing he is of the President of the European Commission in particular. In his new role, he needs to be a little more diplomatic perhaps, but it will be interesting to see how he deals with the leaders of the Eurozone as they try to prevent Syriza from pursuing the policies it has a mandate to deliver.

Varoufakis was in Downing Street for a meeting with George Osborne today. It’s interesting to compare and contrast the two men. Varoufakis is a serious economist…

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