Yanis Varoufakis | The Euro Has Never Been More Problematic | Oxford Union 

Yanis was my lecturer back at The University of Sydney in the early nineties in Economics I, II, and III. He was 26 years old with 2 PhDs, one in mathematics and one in Economics. He was brilliant and he is even more brilliant today. I wish that he is more direct with less analogy usage or maybe he should just directly explain what the analogy exactly meant. Still lots of respect to my Master of Economics. 🙏

Where would we be without internet.

Another brilliant exposé on economy, banking, economics and politics delivered in under an hour. You're a true hero, Yanis

One of my favourite And most important intellectual of these times.

This man is one of the greatest minds of our time.

Read his books, I mean, he's not bad as a speaker, but as an author he's a genius.

"The quality of your food will go down." Well, this part was prophetic.

As an Italian not particularly illuminated in the science of economics I found this speech most informative and easy to follow. I have no doubt he would make a great Greek leader or even a European one. I just wish, amidst all the gloom about the EU and the Euro, that he pointed a way out of this potential crisis. What are we Europeans to do, invest en masse in German banks ? I hope he will focus more on a constructive way out in his future speeches.

This guy is has a mind like a razor, a heart like a lion and a soul full of compassion. He also makes economics interesting.

So refreshing to hear sensible, and challenging, arguments. Must listen out for his next talks. Sounds like a very decent chap too

this IS the best of the union talks. Yanis is a shining star in the dissconected world of politics. Listen and learn, form your own opinions and be heard - We are NOT in a unchangeable long winded historical situation.

Yanis Varoufakis' analogies are the best.

In the US, you have vastly different economies in each of the 50 states. In an effort to even this economic disparity, the federal government moves money around from wealthier states to less prosperous states. This allows the overall economy to work. This allows our farms to prosper, manufacturing, services, and our financial sector. Rather in Europe, you allow Germany to prosper while other smaller economies like Greece suffer. Germany makes cars, air conditioners, machinery, tools, etc. Greece makes peaches, plums, and gyros! So anytime someone from Greece buys a car, a fridge, an air conditioner, that large purchase leaves the Greek economy. In return, what does Greece get back? Tourism? Well that’s not enough. Over time money will continue to leave Greece for German coffers, though eventually Greece runs out of money. They borrow money from the Germans, eventually there is a debt that can’t be paid and the whole system collapses. Without one shot being fired, Germany took over Greece!

As an American, I wish I got to vote for this guy for president. You Europeans are fortunate to have him. Hopefully you can make good use of him.

Well done Oxford. A range of speakers leads to a broad mind.

Yanis, you're simply brilliant, I could listen to you for hours.

This guy is a genius.... this is why i love youtube. I would never find this on msm.... Thank you youtube. Thank you youtube creators!

I wish he'd come to Liverpool and give one of his lectures. A truly intelligent mind that challenges you to think, learn and question. These voices need to be given a platform if we're to survive the mess that's quickly engulfing our world

I think it is of massive credit to the OU that they listen so well to such a variety of points of view. It does you great honour.

Fascinating speech. I don't agree with everything Yanis said, but he is on point with the Euro.

This man is a genius.

“You are a wet dream for a German Banker” I am gonna have to sample that in the future.

Thank you so much for bringing your speakers to this forum. I greatly appreciate it and look forward to what you can provide in the future.

What I found disturbing is that when he mentioned he had been disinvited because of pressure from Dubrowski, there was literally no reaction from the students in the audience. The acceptance of such behaviour by the Oxford Union was chilling.

I've sen this few years, time is proving you right , Yanis stay on on this, stay on this message, I have feeling that people are waking up, you are needed for this intellectual change of society more of than ever before, we need you and other intellectuals more than ever

Yianis, you are the man! I hope people start believing in you and you are avle to create a positive future for us all.

Unbelievable Economic Genius.

Wonderful speaker on the Euro.

What a fascinating wonderful speaker.

As long as Greece keeps producing intellectual heavyweights like Varoufakis, there is hope for their future!

I love this man's rational speech in our current emotionally roller-coastering times. He reminds me of Christopher Hitchens...

Why do Kiwi and Aussie not share a common currency because we're not stupid enough to share a currency because we have vastly different economies despite being close , Having your own currency allows you at least some economic independence.

Great Guy he knows he’s stuff. Fantastic

At first I thought I was having a stroke but then realised I’d just agreed with a leftist on something. Great speech.

I love him!!! he's so funny and he ooooozes intelligence! lol

Just brilliant !!

brilliant narrator.....great mind

He was too clever for Scauble and the rest of the bureacracy of EEC. So hey've tried to achive a character assasination via public defamation

Regardless of your political views, I think Varoufakis's commitment to democracy will be looked back at in years to come as a defining moment for Europe and its values

His point from 34:00 onward reference the demonisation of opponents by the Lliberal / left / remainers is very well put. I was originally voting to remain, but was undecided until just before the referendum. What swung my decision to leave was the vile aggressive attitude of the remainers towards those who were choosing a different path. I went to listen to the leave tour in Winchester and was genuinely shocked, saddened the angered by the way the remainers bullied and heckled the leavers. After watching the final TV debate and witnessing the difference in attitude and presentation between the two sides - particularly that twisted angry face of Khan, It swung my vote (and i imagine many others) to Leave. The way the Remainers have behaved since has deepened my anger in them. I know of many others who voted to remain, who feel the same way.

honest, and well informed great man .

He and Noam Chomsky are two that I never pass up, both talk sense ... good luck to you Yanis.

May Democracy flourish in Europe.

What a great man & great speach!!!

only Yannis can explain the titanic fucked up mess that is called EU in a way that the average Joe can grasp, A true Master!

Yanis, what is your problem you know? you're toooo much intelligent, smart,intellectual for EU.

His analysis regarding the euro and the eurozone is spot on. His believe that this can be reformed, however, not so much. The euro must end.

In your description, please publish the precise date and location of the lectures and discussions.

Yanis, a nice guy... and here he is absolutely right about the EU.

that is ZE best video i have EVER watched. Thank you for sharing these thoughts with the world. I will try to enforce a subject in german schools on europa and economics in our Ministry of Culture (responsible for education ..i know it sounds stupid) i think we have to inform and educate the people with these kind of talks way more...especially beneeth the adult people! This is sadly a rare case in east germany at the moment Thank you again and i am looking forward for another talk from Yanis Varoufakis.

I would just love to see a Varoufakis vs Bannon debate.

Να'σαι καλά Γιάννη!

Well if you move your Euros to Germany, don't put it in Deutsche Bank!

Listening to him I get the feeling of looking at the world through a telescope, seeing just a small part of the picture through the eyes of an economist. I sense that there is so much being omitted and that almost all the pressing issues in the current state of the world and in the EU are being attributed to economics and only economics. He is clearly a brilliant and articulate man, but this talk reminds me of the saying: if all you have is a hammer, everything looks like a nail.

Brilliant and engaging speech...erudite and lucid...from a man who has been at the centre of the EU and now speaks wisely - we should listen carefully.

Not the hero we deserve, but the hero we need.

Great as always 😍

Yanis as Prime Minister would put the Great back into Britain again!

Love the speakers OxfordUnion presents

eloquent and well-read speaker ... thank you Oxford Union

I have a lot of respect for Yanis, I don't agree with all his conclusions but he over 50% correct which is a lot greater than most

Chaos,that’s what is coming and being engineered daily

A genius of a man. Intelligent and entertaining.

thanks for your insights and I hope your honest opinion this was great and confirm my theory that left right centre upper and down is obsolete we need to discuss all our problems in a free and intelligent manner with the help of all available facts to find solutions for our problems past present and future

I would like to know whether Steven Banon would have the moral courage to engage a conversation with an intelligent opponent such as Yanis Varoufakis With discourse at the level of the basic assumptions and parameters of investigation from which their world views - And thus their recommendations for action proceed....

11:00 not a fair comparison. US was oversold in 2008. Of course it would have yielded more gains by today I'd like him to compare from 2006

yanis i love you my brother

'Former Greek Financial Minister, the on repeat song in the Ministry before the Crash was "Take the Money and Run!"

Credit cycles,they exist and are getting more volatile with time,study them, they provide great information about what is really going on,this man wrote a book called the global Minotaur which is a good read,he knows economically what he is talking about,the Euro is very problematic,but it’s not the only currency that is going to be problematic,the world is bigger than just one of it’s continents

The Euro has never been more problematic. That's an understatement.

Everything he says is so true. And the solution is so simple: Let the money flow in the EU and ensure stability and trust, and Europe will become an economic boom which they had never dreamed of. Key word is thrust , that will solve everything

This man is so smart and inciteful.

i know this guy as the conomy expert for valve

Thanks Yanis, 'Liked', in the first minute!

Wish there were more like him!!!

Excellent talk, thanks

Alexander The Great's Tutor, Aristotle, had a very jaundiced view of all forms of Government. All of them had faults. I am no scholar, but perhaps Aristotle might have approved of the principle that a small amount of the poison that does you harm, in carefully controlled minute doses, may do the body politic some good. Maybe controlled doses of a little 'Anarchy' might prove beneficial. Even if Aristotle might have abhorred such a concept, Scholars will know, I feel inclined to believe Aristotle may have permitted a debate on this hypothesis.

Great to see what was originally a road built to reduce congestion in and around London evolve into a democratic movement. Who saw that one coming? #M25

thanks foe inviting him

About time this guy was on.

The EU leaders and bureaucrats think political project > economy for "normal" people. It is a principle for them. You have to give it to them, they are sticking to their principle / priority. It's just not for us. Hence we want to leave the EU and didn't join the Euro.

The EU is one of the greatest political experiments ever. Mr. Varoufakis has the practical and ethical prescriptions for it to thrive.

The last comment he made was the best and as far as I am concerned on that he was 100% right

He has a fine memory and a deep understanding of the countries and the issues he's talking about.

I voted Leave. Like this guy I would also love to see a federalised Europe, but the EU project has made such a hash of it by federalising into the hearts of different national statute books across the continent and then acting belligerently when nations see fit to complain. Not the way to do it. Trade federalisation without all the other stuff.

816 bankers didn't like hearing the truth from Yanis.

I would go further than ‘miamistorm’ and say that it has been quite a while (if ever) since democracy existed: what we have, in fact (in my opinion), is the appearance of a democracy by a political class that mostly works only for itself by presenting various candidates (each with his/her own agendas) who swindle people into giving them their votes so that they can not deliver on their promises and who are mostly at the service of great interest groups.

A big mind really if you ask me.i have seen his way of thinking back in the day 2015 i was 15 years old.i can now understand him more and i wish him the best of time's.

I wish, you were my economy teacher!

The fact that this mastermind is widely disliked in Greece says a lot about us Greeks as people. No one bothers doing any research beyond what they're being fed from the media. And when someone tries to explain that things are not what they seem, they just won't listen. I have great respect for Yanis for keeping on fighting and not losing hope on his home-country.

Such beautiful turns of phrase -- LMAO. The Grasshoppers of Europe. A Banker's Wet Dream. Designer Idiocy.

Oh, this video aged like good wine.

Ironically Bannon made as much or more sense in his speech here as does Varoufakis.

Varoufakis criticises the nationalistic rise in European countries but not coming with a clear alternative to the "poisonous" European design. He mentioned a few weaknesses of the EU, like: lack of democracy/transparency, lack of accountability of the local governments towards their own electorate. We should probably start from there.

He is my intellectual crush and will remain so until I am alive. I am obsessed by him intelligence and charm.

A banker lends you his umbrella when the sun is shining, but wants it back the minute it begins to rain.

The 'elephant in the room' is the economic and political problem of mass migration. Curiously, there is no mention of this issue during the discussion.

5:30 note to self: get a bank account in a German bank, Just in case

Amazing talk

Wonderful speaker on the uru