Varoufakis urges ‘New Deal’ for Europe, financed by EIB
Finance Minister Yanis Varoufakis in an interview on Italy’s Rai 3 public television “Presa Diretta” talk show, to be aired on Sunday evening, underlined that “the Greek government will suggest a New Deal for Europe, like US President Roosevelt had done. A New Deal for Europe that will be financed by the European Investment Bank (EIB) increasing 10 times the funds already allocated.”
Varoufakis said in the interview – a preview of which is posted on the talk show’s website – that important Italian institution officials have told him “they stand in solidarity with our country but they cannot tell the truth because Italy is also at risk of going bankrupt and they fear of possible consequences on behalf of Germany.”
“The entire Europe is covered in a cloud of fear. We are at risk of becoming worse than the former Soviet Union,” he said, adding that “we, the Greeks, don’t have the monopoly on the truth. What we can do, for the rest of Europe and for Italy in particular, is to open a small door to the truth. We cannot find the truth on our own, but we can open a door and move so that you can join us. This way, we will be able to leave the darkness of present austerity and enter into the light of a European rational and sober discussion.”
“It is all about ideas and proposals that concern the entire Europe, because we, the Greeks, don’t think that we have the right to ask for ourselves anything that will not be in effect for the Italians, the Portuguese or the Irish as well. Sooner or later, Chancellor Merkel will have to explain why she does not approve our proposals,” Varoufakis said.