Episode 1837 • • 2:13:20 - 2:18:44
1837: Moral Injury
Yanis Varoufakis, Euro Crisis, German Deindustrialization
Former Greek Finance Minister Yanis Varoufakis argues that the European Union's monetary union was a "grievous error" that poisoned the well for political consolidation. He notes that Germany is currently deindustrializing and that the single market is effectively finished. Varoufakis predicts that Europe is slipping into global irrelevance as it fails to create a viable military-industrial complex.