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.
Trend
recordings per month · last 12 monthsRecordings per month over the last 12 months — 3 in all, peaking in May 2026 with 1.
Appearances
The Greek bourgeoisie wanted to be in.
Why?
Because if you own a mansion in the leafy suburbs of North Athens, you don't want it to be denominated in a currency that is devaluing.
You prefer it to be in the hard currency, right?
So, if you're rich, you want to go into the hard currency zone.
At the same time, the people who had a lot to win, to gain by entering the common currency, managed to persuade...
organized labor to go along with them.
Why?
Because trade unions would go on strike when we had the drachma to catch up with inflation as happened here in the 1970s during your inflationary years under labor.
And, you know, they would win a pay rise of 10%.
Then the next day inflation would eat it up.
So the lie that was sold to the labor unions was if we get into the euro, whatever
you gain through industrial disputes and so on, is also key because there will be no inflation, very low inflation.
So the labor unions agreed, the establishment labor unions.
So there were many different forces at this.
And now to your question.
Once those bubbles built up, which I explained in answering in relation to the Deutsche Bank guy, and everything blew up, you have to remember that the main issue at the time was that the French and German banks had gone completely and utterly bankrupt.
Bankrupt.
Deutsche Bank had a black hole in the spring of 2009, Rory and Alistair, which was 12 times the GDP of Germany because of the bets on bets on bets on bets.
Remember, margin call and all that.
Showing 441–460 of 1,142 · page 23 of 58
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