As it happened – Yanis Varoufakis’ intervention during the 27th June 2015 Eurogroup Meeting

Yanis Varoufakis

The Eurogroup Meeting of 27th June 2015 will not go down as a proud moment in Europe’s history. Ministers turned down the Greek government’s request that the Greek people should be granted a single week during which to deliver a Yes or No answer to the institutions’ proposals – proposals crucial for Greece’s future in the Eurozone. The very idea that a government would consult its people on a problematic proposal put to it by the institutions was treated with incomprehension and often with disdain bordering on contempt. I was even asked: “How do you expect common people to understand such complex issues?”. Indeed, democracy did not have a good day in yesterday’s Eurogroup meeting! But nor did European institutions. After our request was rejected, the Eurogroup President broke with the convention of unanimity (issuing a statement without my consent) and even took the dubious decision to convene a follow up meeting without the Greek minister, ostensibly to…

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4 thoughts on “As it happened – Yanis Varoufakis’ intervention during the 27th June 2015 Eurogroup Meeting

    1. Rosaliene,
      Best to get important information directly from the source. Historic events occurring which, though worrisome, have stimulated a worldwide economic/monetary debate with good odds of resulting in positive developments/reform.


  1. We live in very interesting times. It’s great that the Greek Government is sticking to their commitment to hold a referendum, even though it means closing their banks and imposing capital controls. I can’t believe it’s really happening.


    1. Stuart,
      While the distinct harms done through military/war and economic/finance tactics and actions are identifiable, in the case of Greece one can be thankful at least real bombs aren’t flying. Just a guess, but the Syriza government could already have negotiated a “Plan B” with BRICS, and is using the impasse to create a world debate/discussion for the purpose of exposing to the greatest extent how international bankers have actually operated in recent decades. Journalists, academics and researchers have engaged in world-record analysis and discussion of the international finance system and institutions, and in the process the world’s people have gained a profound awareness of the motives driving their owners. One could look at it as the world’s greatest ever act of whistleblowing/truth revelation. Very interesting for certain.


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