Yanis Varoufakis: Merkel’s Comeuppance is Europe’s – and the World’s – Misfortune

Yanis Varoufakis is right, he predicted the results of Germany’s austerity policy years ago. But the Germans, with their typical hubris, did not listen. They know better. If you are wondering why the EU’s political elite is not panicking, with Trump and the rise of inexorable rise of ultra-right parties in Europe, the answer is simple: they cannot panic, they are frozen by fear.

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President Donald Trump and German Chancellor Angela Merkel

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