In this video former finance miniser of Greece and founder of the Democracy in Europe 25 Movement (DiEM25), Yanis Varoufakis, explains why the European Union lacks democracy and why there is a fundamental need to implement it on all levels. Varoufakis also addresses whether corporations need to be reformed in order to improve the economic situation in Europe.
In this video, acTVism Munich interviews Yanis Varoufakis, a world renowned economist who was a former member of the Greek parliament. He gained immense popularity when he served as finance minister (27 January 2015 – 6 July 2015) for the Greek government, a post that he left shortly after he found out that Greek government made the decision to implement the austerity package of the Troika against the popular vote (OXI) of the Greek people . This interview focuses on the history of the global economic system, the transformations that it underwent after World War II and attempts to connect it to the current economic crisis that is sweeping throughout Europe and the globe.