NEWS

Varoufakis sees EU collapse

TAGS: Politics, Economy

Yanis Varoufakis has warned that Europe is at risk of disintegration and that this could come at great human cost.

Speaking to CNBC in London Tuesday, Varoufakis, who served as Greek finance minister in 2015, said evidence of this was everywhere to be seen from the Italian banking sector to the French economy and insisted that “politics disintegrates when the economy is unsustainable.”

Referring to Britain’s decision to leave the European Union in June, he said that “I wish Brexit had not happened.”

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