Yanis Varoufakis — Democratizing the Eurozone

Only very recently, as a result of the Greek government’s intense negotiations with its creditors, did Europe’s citizens realize that the world’s largest economy, the eurozone, is run by a body that lacks written rules of procedure, debates crucial matters “confidentially” (and without minutes being taken), and is not obliged to answer to any elected body, not even the European Parliament.

Project Syndicate
Democratizing the Eurozone
Yanis Varoufakis | former finance minister of Greece, is a member of parliament for Syriza and Professor of Economics at the University of Athens