Varoufakis Wants EU Movement

Former Greek finance chief Yanis Varoufakis

ATHENS – Former Greek Finance Minister Yanis Varoufakis said he plans to form a pan-European movement with the goal of “democratizing” Europe.

Varoufakis revealed his intentions in an interview with Italian weekly magazine L’Espresso. It wasn’t said if he was paid for it as he was paid a thousand euros a minute by an Italian TV station earlier in the year to talk about his failed tenure where he was removed by Prime Minister and Radical Left SYRIZA leader Alexis Tsipras after butting heads with the country’s international lenders.

Varoufakis said he wants to show European voters that there is a third way between a return to the nation state and the “undemocratic structures” of today’s European institutions, according to a preview of the interview, without explaining how that would work.

Varoufakis also argues that the “Draconian” nature of the measures lenders offered to Greece in the summer was aimed at preventing left-wing Podemos from winning Spain’s elections.

Varoufakis called on the new party, which came third in Spain’s elections not to make too many concessions if it joins a governing coalition in Spain, as Tsipras did when he bowed to creditors.