this is the reply of Yanis Varoufakis to the Open Letter by George Souvlis and Samuele Mazzolini about the Democracy in Europe Movement 2015 DiEM25, which appeared earlier this week on LeftEast. George and Samuele raise crucial questions about DiEM25 and our project to democratise Europe.
Since the signing of the Single European Act in 1986, the European Union has been unable to agree on legislation which would provide working people with minimum social guarantees and common rights as workers in the face of the onslaught of the unified market forces. The result has been the continued erosion in the social well being of European workers.
The principles of democratic self-determination are hamstrung by the powerful Troika—the International Monetary Fund, the European Central Bank and the European Commission (the EU’s legislative and operational council)—which a disempowered citizenry increasingly views as an automaton that squelches democracy as it protects the interests of the power elite.
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