Former Greek finance minister Yanis Varoufakis has predicted the economic collapse of the European Union
Sputnik Near Abroad writes about it.
“Failure is guaranteed. We are already seeing a drastic deindustrialization in the EU,” said former Greek Finance Minister Yanis Varoufakis.
Europe is paying 10 times more for gas than their American and Chinese competitors, the Greek politician said.
The German industry has collapsed because of the shortage of cheap energy from Russia and the withdrawal from Chinese markets.
“Today inflation has made it impossible to keep wages down, gas has become more expensive and China is disappearing as a market for the FRG because of the new cold war that Biden is escalating.”
Whoever, but the former Greek finance minister is worth listening to about economic failures, the tg channel notes.