The 3rd Option Needed in the UK Referendum Debate – in Newsweek

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We need a third way
Yanis Varoufakis, former Greek finance minister, speaking at the launch of the DiEM25– Good Europe campaign.

“David Cameron came back with the mother of all euro-fudges to address…an electorate that is sick and tired of euro-fudges. So there is a delicious irony there… The Euroskeptics have a legitimate case. Those who…come to the conclusion that Britain is better off outside the European Union due to their commitment to the sovereignty of Parliament and so on, they have a very interesting case. [But] I disagree with them…because at the same time they want to be part of the single market. You cannot have a single market unless you have common industry standards. And you cannot have those common standards and a judiciary and a system of implementing those common standards unless you have pooled sovereignty.

“So in the referendum I would like to campaign for a third option, neither Brexit nor surrender to this euro-fudge of Cameron and his mates in the European Council.


  • Yanis, your position is coherent since you believe in EU collectivism and the super state concept. I do not think this is realistic. I do not think that Brussels can be reformed. I certainly find appalling the current German hegemony via the Euro zone, where they have gained at everyone’s expense and have created misery for millions of Europeans in the Periphery, putting them in an economic cage along the lines of what they did in East Germany.

    My point is that we are not Germans!!! Do not want to be Germans, etc. I believe in the nation state and right of self-determination. Let Europe return to the concept of a Union of sovereign states with their own currencies, each country a laboratory or innovation, free to choose its destiny.

    I do not share anything related to this kind of socialist internationalism or Soviet-style central planning of which I find the EU a hideous reincarnation and major threat to economic well-being and civil liberties.

    • It is very strange that the so called progressive left share the same internationalist aims as the globalists.

  • As Nassim Taleb says: The European Union Is A Horrible, Stupid Project. The idea that unification would create an economy that could compete with China and be more like the United States is pure garbage. What ruined China, throughout history, is the top-down state. What made Europe great was the diversity: political and economic. Having the same currency, the euro, was a terrible idea. It encouraged everyone to borrow to the hilt.

    The most stable country in the history of mankind, and probably the most boring, by the way, is Switzerland. It’s not even a city-state environment; it’s a municipal state. Most decisions are made at the local level, which allows for distributed errors that don’t adversely affect the wider system. Meanwhile, people want a united Europe, more alignment, and look at the problems. The solution is right in the middle of Europe — Switzerland. It’s not united! It doesn’t have a Brussels! It doesn’t need one.

    • Agree totally.

      Switzerland’s constitution (its localized system) was written by the great Greek statesman Capodistrias with Greece in mind. Including neutrality.

    • Anyone using SWITZERLAND as a blueprint is obviously reaching for straws. That country is a complete anomaly! And to argue that the “top down” state has “ruined” China is to ignore the FACT that China has become the largest economy in the world that will shortly rival America´s hegemony – all with just such a “top down” State. You people trying to sell your neo-liberal BS are always so transparent and full of weak analogies and arguments.

  • It is also very strange that Yanis and Diem 25 share the No Brexit platform as David Cameron – one of the super-elite, who wants to protect the finance sector in the City of London!