Global Independent Analytics
Ioannis Mantzikos
Ioannis Mantzikos

Location: Greece

Specialization: Jihadist Groups, Islamic Terrorism, Global Security

Yannis Varoufakis: The Trojan horse?

On February 9 2016, a new pan-European leftist "progressive" movement called Democracy in Europe Movement 2025 (DiEM 25) was inaugurated in Berlin

George Soros, whose main mission is to infiltrate the progressive left movement and neutralize its anti-capitalist underpinnings, has struck again through one of his Trojan horses Yiannis Varoufakis. In a typical Hegelian fashion, the leader of this new group, which bills itself as anti-austerity, anti-bankers, and anti-bureaucratic, is none other than the former SYRIZA (Coalition of the Radical Left) Finance Minister of Greece, Yanis Varoufakis.

Yanis Varoufakis is a citizen of Australia who was educated in Britain and worked as a professor at the University of Texas. Varoufakis served as an economic adviser to the failed PASOK Social Democratic Government of Prime Minister George Papandreou since mid-2000, the man who first put Greece on the road to draconian austerity measures in 2010. Varoufakis now claims that he was ardently opposed to Papandreou’s deal with the Troika but no one will ever know how much the now supposedly anti-austerity figurehead agreed to while he was advising Papadreou on the proper course of action to settle Greece’s enormous debt problem. Interestingly enough, there is a deep connection between the Papandreou government and Tsirpas government. First, Varoufakis is a close friend of American economist and fellow University of Texas professor James K. Galbraith, the son of the late éminence grise of American economists, John Kenneth Galbraith.  Varoufakis and James Galbraith co-authored together. Galbraith’s ties to the global banking elite are exemplified by his guest scholar position at the elitist Brookings Institution in Washington.

Varoufakis’ second and most important connection is Jeffrey Sachs.

Sachs is well-known from his economic reforms in developing or fragile economies. Through the late summer and fall of 1991, as the Soviet Union fell apart, Jeffrey Sachs and other Western economists participated in meetings at a dacha outside Moscow where young, pro-Yeltsin reformers planned Russia’s economic and political future. Sachs teamed up with Yegor Gaidar, Yeltsin’s first architect of economic reform, to promote a plan of “shock therapy” to swiftly eliminate most of the price controls and subsidies that had underpinned life for Soviet citizens for decades. Shock therapy produced more shock – not least, hyperinflation that hit 2,500 percent – than therapy. One result of this was the evaporation of much potential for future capital investment: the substantial savings of Russians.[i] In 1995, in the Chubais-organized insider auctions of prime national properties, known as loans-for-shares, the Harvard Management Company (H.M.C.), which invests the university’s endowment, and billionaire-speculator George Soros, were the only foreign groups and individuals allowed to participate. H.M.C. and Soros became significant shareholders in Novolipetsk, Russia’s second-largest steel mill, and Sidanko Oil, whose reserves exceed those of Exxon Mobil.  H.M.C. and Soros also invested in Russia’s high-yielding, I.M.F.-subsidized domestic bond market.[ii]

Many years later, in Greece, Sachs, Varoufakis and Galbraith all became George Papandreou’s and Alexis Tsipras’ ad hoc advisers. Nevertheless, Varoufakis became the Finance Minister in Tsipras’ first cabinet despite its goal of renegotiating the bailout – agreed to by Papandreou for whom Varoufakis served as an adviser. There is much evidence to the claim that Varoufakis was a Soros implant within the "leftist" government of Prime Minister Alexis Tsipras - a claim supported by multiple different sources.[iii] Varoufakis's first move was to cut deals with the very same European bankers against whom the Greek electorate rebelled by electing SYRIZA. Rather than cancelling Greece's usurious debt arranegements with the bankers, Varoufakis began to negotiate with them in order to keep Greece within the disastrous "eurozone."

Varoufakis claimed to have been given an okay by Tsipras last December 2014 – a month before the general elections that brought SYRIZA to power – for a planning of a payment system that could operate in euros but which could be changed into drachmas “overnight” if necessary. He worked with a small team to prepare the plan, which would have required a staff of 1,000 to implement, but he did not get the final go-ahead from Tsipras to proceed, he argued. The plan would involve hijacking the AFMs of taxpayers and corporations by hacking into the General Secretariat of Public Revenues website, Varoufakis explained to his interlocutors.[iv] This would allow the creation of a parallel system that could operate if banks were forced to close which would allow payments to be made between third parties and the state and could eventually lead to the creation of a parallel banking system, he said. Since the general secretariat is a system that is monitored by Greece’s creditors and is therefore difficult to access, Varoufakis said he assigned a childhood friend of his, an information technology expert - who became a professor at Columbia University, to hack into the system.[v] A week after Varoufakis took over the ministry in February 2015, he said the friend telephoned him and said he had control of the hardware but not of the software “which belongs to the troika.”[vi]

When Alexis Tsipras told his fellow citizens he would call a referendum on the bailout accord that international creditors proposed to keep the debt-stricken country afloat on July 5, 2015, Jeffrey Sachs was one of the prominent “NO” supporters. Sachs saw a way out of the crisis if Greece’s debt burden is eased while the country stayed in the eurozone. According to Sachs, for that to happen Greece and Germany would need to come to a “rapprochement” soon after the referendum and agree to a package of economic reforms and debt relief. Sachs explained on Project Syndicate that “I recommend that the Greek people give a resounding “No” to the creditors in the referendum on their demands this weekend.”[vii] One day after the referendum Varoufakis was removed and his masterminded plan - perhaps meant to be carried out by Jeffrey Sachs of Columbia University- remained unimplemented.

Now, Varoufakis is back with DiEM25.

The aim of the DiEM25 movement is, quite simply, ‘to democratise the EU in the knowledge that it will otherwise disintegrate at a terrible cost to all’. This is presented as the only viable alternative to the two remaining ‘dreadful options’: (i) retreat into the cocoon of the nation-state and (ii) surrender to the Brussels democracy-free zone.[viii]

DiEM25’s immediate priorities are: full transparency in EU’s decision-making: live-streaming of European Council, ECOFIN and Eurogroup meetings, full disclosure of trade negotiations and publicizing ECB minutes among other things, and the urgent redeployment of existing EU institutions in the pursuit of policies that genuinely address the crises of debt, banking, inadequate investment, rising poverty and migration. DiEM25’s long-term goal is, in other words, ‘to bring about a fully democratic, functional Europe by 2025’.

The idea that the European Left should aim for a radical, progressive overhaul of Europe’s institutions – rather than their rejection – is not new, of course, and has been the consensus among European progressive/leftist movements all throughout the crisis, despite the recent rise of left-wing euro-scepticism. Such a reformed system should rest on ‘a significantly empowered European Parliament, which should be the sole initiator of European legislation’, alongside a completely reformed executive branch: a revamped European Commission with a directly elected President (who would in effect become the President of Europe), alongside a European finance minister, foreign minister and so on.[ix] However, the extent to which such a system of supranational democracy could be made truly representative and respectful of the needs of the weaker states of the Union is far from clear. So far the EU elite has expressed an adamant refusal to consider the legitimate economic claims of countries as Greece and Portugal and has displayed outright contempt to countries as Greece. Greece has seen a high rise in people committing suicide due to poverty, and the EU still refuses to give it a path to economic growth that does not involve cutting down the already small pensions and refuses to create an economic stimulus. EU would not come at the expense of ‘national self-determination’ –the DiEM25 manifesto says. But the EU did just that. The Greek government has no say in its internal affairs and cannot make a single economic decision on its own. In addition, its army’s budget has been sliced significantly due to the memorandum and it cannot even protect its own borders. Anyone who today takes the position that a democratic reform of the EU is the way forward for Europe has a duty to explain, in concrete terms, what he or she means by this and how this matches with reality.

Finally, DiEM’s approach takes the survival of the EU/EMU for granted. But that remains to be seen. By concentrating on the reform of existing European institutions, isn’t there a risk for the Left of finding itself dangerously unprepared in the face of an unforeseen implosion of the monetary union? Especially if we take into account that there is little reason to believe that Germany and the other countries of the ‘ordoliberal bloc’ would yield to a reform of the EMU in a more Keynesian, progressive direction, even in the unlikely event where we could see a sufficient number of countries backing such a proposal.[x] If such a situation should emerge, the most likely outcome would be a German exit from the monetary union (leading to a possible collapse of the entire currency system).

DiEM's major task is to curtail support for Europe's right-wing nationalists. As Soros's disastrous mass migrant invitation has resulted in hundreds of women being raped and sexually assaulted by young Arab and North African males - newly-arrived migrants - on the streets of Cologne on New Year's Eve and as the Soros controlled European media attempted to cover up the story, there has been a huge backlash against pan-Europeanism and globalism across Europe. Varoufakis admits that the main goal of his new movement is to curtail the influence of anti-immigration parties, such as Golden Dawn, in his native Greece but he also ensures that left governments will not pursue the sovereignty of their respective nations. The second major goal of Varoufakis and DiEM25 is to co-opt Spain's leftist Podemos ("We can") party, the Portuguese left parties in the Portuguese coalition government, and the new leftist leadership of the UK Labour Party (whose Leader Jeremy Corbyn appointed Varoufakis as adviser) into supporting the globalist and pan-European goals of Soros and his banker friends.

 


Related ARTICLES

EU Blackmailed by Turkey, Member States blackmailed by EU

EU Blackmailed by Turkey, Member States blackmailed by EU

The crème-de-la-crème efforts of the EU to address the refugee crisis are pathetic.

03 June 2016

by Valerijus Simulik

Can we all just be like Berlin?

Can we all just be like Berlin?

Why do we all like Berlin so much?

14 May 2016

by Joshua Tartakovsky

SALAFISM IN CATALONIA: A NEW BELGIUM IN SOUTHERN EUROPE?

SALAFISM IN CATALONIA: A NEW BELGIUM IN SOUTHERN EUROPE?

We still do not realize that Belgium is a country of immigration like all Europe is becoming.

21 April 2016

by Ester Gallego

POPULAR ARTICLES

Not Found

OPINION

Vladimir Golstein

Vladimir Golstein

The Danderous Acceptance of Donald Trump

James N. Green

James N. Green

Politics in Brazil: Fasten Your Seat Belts!

Barbara H. Peterson

Barbara H. Peterson

Health officials confirm spread of Zika virus through sexual contact in Texas, first in US

Danny Haiphong

Danny Haiphong

WHY IS OTTO(SUPER)MAN ERDOGAN LOSING HIS CHARISMA?

Miray Aslan

Miray Aslan

How relations between Saudi Arabia and Iran reached a breaking point

Navid Nasr

Navid Nasr

How relations between Saudi Arabia and Iran reached a breaking point

Writers

chief editor

Joshua Tartakovsky

Analysis should serve as a method to better understand our world, not to obscure it.

Materials: 42

Specialization: Israel and the Middle East, US politics

Materials: 7

Specialization: Balkans, NATO and EU policies, Strategic communications

Materials: 3

Specialization: Foreign politics, Immigration, Human rights.

Materials: 2

Specialization: Political Science, Social Anthropology

Materials: 3

Specialization: Eastern Europe

Materials: 14

Specialization: Industrial Safety, Corporations

Materials: 12

Specialization: Eastern Europe, Labor movement

Materials: 3

Specialization: American history, way of life, and principles

Danielle Ryan

Ireland

Materials: 10

Specialization: US foreign policy, US-Russia relations and media bias

Materials: 20

Specialization: War, Racism, Capitalist exploitation, Civil rights

Materials: 8

Specialization: Modern Japanese History, Modern Chinese History, Military History, History of Counterinsurgency, History of Disobedience, Dynamics of Atrocities in Wartime

Dovid Katz

Lithuania

Materials: 3

Specialization: Holocaust Revisionism and Geopolitics; East European Far Right & Human Rights; Yiddish Studies & Litvak Culture

Materials: 20

Specialization: History, Catalunya, Spain, Geopolitics, Nationalism in Europe, Islamization, Immigration

Materials: 5

Materials: 3

Specialization: migration, international relations

Materials: 1

Specialization: Syria, US Foreign policy and strategies, BRICS/SCO

Materials: 19

Specialization: Balkans, Yugoslavia

Materials: 10

Specialization: Jihadist Groups, Islamic Terrorism, Global Security

Materials: 4

Specialization: Geopolitics

Materials: 4

Specialization: Media and government relations

Materials: 2

Specialization: Latin America, Brazil

Jay Watts

Canada

Materials: 2

Specialization: History, Marxism-Leninism, Imperialism, Anti-imperialism.

Materials: 2

Specialization: International Relations, Sociology, Geostrategy

Materials: 1

Specialization: civil rights

Lionel Baland

Belgium

Materials: 22

Specialization: Euroscepticism, Patriotic parties of Europe

Maram Susli

Australia

Materials: 3

Specialization: Geopolitics

Materials: 2

Specialization: Civil rights, Racism, US politics

Materials: 1

Specialization: geopolitics, economics

Max J. Schindler

Palestine-Israel

Materials: 9

Specialization: Politics

Miray Aslan

Turkey

Materials: 12

Specialization: Media, Politics

Materials: 5

Specialization: Politics, International relations

Navid Nasr

Croatia

Materials: 13

Specialization: Global security, Politics

Materials: 9

Specialization: Development of European Union, Non-governmental organizations, Politics and economics in Baltic States

Materials: 9

Specialization: Greece, Crisis of the US hegemony; Israel / Occupied Palestine, Oppression of Black people in the US

Materials: 4

Specialization: geopolitics, Russia, USSR

Pedro Marin

Brazil

Materials: 17

Specialization: Latin America, Ukraine, North Korea

Materials: 13

Specialization: Sustainable development, International relations, Comparative European politics, European integration, Eastern European politics and EU-Russia relations

Materials: 8

Specialization: Politics

Materials: 16

Specialization: Counterterrorist Finance

Seyit Aldogan

Greece

Materials: 3

Specialization: ISIS, Middle East, Globalization, Migrant crisis

Materials: 1

Specialization: Head of "Srebrenica Historical Project"

Materials: 3

Specialization: Economy, Social politics

Stevan Gajic

Serbia

Materials: 1

Specialization: Full time researcher at the Institute for European Studies

Materials: 5

Specialization: Geopolitics, Geoeconomics

Materials: 2

Specialization: Civil rights

Tobias Nase

Germany

Materials: 8

Specialization: Syria, US Foreign policy, Ukraine

Valerijus Simulik

Lithuania

Materials: 2

Specialization: Politics and economics in Baltic States, education and science, non - governmental organizations, globalization and EU

Van Gelis

Greece

Materials: 17

Specialization: Middle East

Materials: 1

Specialization: Kosovo, Serbia, Belgrad bombing

Materials: 5

Specialization: international relations, Russia

toTop