Yanis Varoufakis
speaker
1,142 appearances
3 recordings
2 series
first heard Jan 2026
last heard 3 May
Yanis Varoufakis’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 3 in all, peaking in May 2026 with 1.
Appearances
You were really peeved every time your car gained competitiveness vis-a-vis a Fiat, an Italian car.
And the Central Bank of Italy would devalue the Italian currency, the lira, and suddenly you would lose that competitive advantage.
So the German industry really wanted Italy.
in the Deutsche Mark zone, in the Eurozone.
So they wanted to get them in.
The Italians had a debt to GDP ratio, which was much, much above what the Bundesbank, the central bank of Germany, considered to be the maximum that should be allowed.
But Volkswagen industry, against the Bundesbank, wanted Italy in for the reasons I explained.
So they found a way of manipulating the debt to GDP ratio of Italy using Goldman Sachs.
So effectively, Goldman Sachs, who know how to do these things, disguised part of the debt.
How did they do it?
One example is you securitize the various receipts of the state for the next 30 years.
So, you know, tolls.
motorway halls.
You say, again, the next 30 years we're going to receive all this money, so let's securitize this now, sell it to the markets for a much smaller amount and subtract that from the debt.
So this is, Goldman Sachs helped the industry of Germany and the state of Italy, you know, bring Italy in.
And then what the Greeks did in government, and I know that because they were telling me that some of these people were friends of mine in the Greek government at the time, they simply copied what the Italians did.
And they deduced
In the same way, in the same inventive way.
Is that because they wanted to be in?
They wanted to be in.
Showing 421–440 of 1,142 · page 22 of 58
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