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>All this Germany bashing and his constant condescending remarks remove a tad of his credibility I think it’s the exact opposite. He’s speaking from the experi
by MsMowz 8y ago
>All this Germany bashing and his constant condescending remarks remove a tad of his credibility
I think it’s the exact opposite. He’s speaking from the experience of being in the Eurogroup and negotiating directly with Germany. Anything he has to say on the matter is far more credible than any of the pro-Euro claims made by people who have no skin in the game.
>Is there anyone here on HN who has further reading advice on these claims (E.g that the € is malice by design)?
It’s a bit dated now, but pretty much anything Keynes wrote about trade balances under the Bretton Woods system corroborate what Varoufakis says. He really presents a pretty standard Keynesian perspective on monetary unions, so you won’t have to look far.
- JumpCrisscross 8y ago> He’s speaking from the experience of being in the Eurogroup and negotiating directly with Germany. Anything he has to say on the matter is far more credible than any of the pro-Euro claims made by people who have no skin in the game. By that metric, the German finance minister's claims are also the gospel truth on the situation. "Skin in the game" helps when one can affect future outcomes. It aligns incentives. It does nothing for the accuracy of a primary source defending past decisions.
- geezerjay 8y ago> I think it’s the exact opposite. He’s speaking from the experience of being in the Eurogroup and negotiating directly with Germany. The man is a fraud who believed that throwing veiled and not so veiled accusations of naziism at Germany in specific and the EU in general was a reasonable course of action. He is a delusional attention-seeker who had a self-destructive legacy in his stint as head of greece's finances who decided to quit immediately before the result of his actions blew up in Greece's face just to personally avoid being held accountable for his actions.