Collaborative fact-checking of : Yánis Varoufákis, la fin de l'Europe et de l'Euro ? [EN DIRECT]

He (Macron) said "we need change the architecture of EuroZone "(...). We need a common budget.

The monetary system, especially in Europe, which was designed like the 1920's gold standard started deconstructing

"I'll make it proud again to be Italian" Matteo Salvini

The reason why someone created the Democracy Europe Movement back in 2016

What Ben Bernanke himself, the former chairman of the Fed, had called the Great Moderation

Remember Gordon Brown [...] who became eventually Prime Minister of Britain but he was the Finance Minister of Britain"

He came out with a theory as Chancellor of the Exchequer that we now are moving into a period where there would never be a crisis again

I remember even a former communist, Massimo D'Alema, who was Prime Minister of Italy

I remember him (Massimo D'Alema) come in 1996 with a statement. He was visiting New York City, Wall Street. He came back, saying: "I'm a communist but I have to say that I saw how capitalism works now, and it has gone beyond crisis"

Gordon Brown was funding the National Health Service out of city of London's taxes

He (Roosevelt) had said, especially in the 1936 campaign: "The bankers hate me and I consider their hatred to be a badge of honour for me"

She (Marine Le Pen) made François Hollande push legislation through your National Assembly that is racist

They (the UK) have had three referendums since the beginning of time.

One (referendum in the UK) was in 1975 to validate the membership of the European Common Market

They (the UK) had another referendum for proportional representation that didn't go very well

And they (the UK) had the Brexit referendum in 2016

Trained for referendum, like the swiss having one every week

The majority of the demos, of the citizens who had the vote, were poor. Aristotle defined the Athenian democracy where the poor govern

Remember the Lisbon Treaty? They asked the Irish people to vote and they said "no"

Remember our referendum in Greece on 5th of July 2015

Jean-Luc Mélenchon wants to stay in the European Union

2001, remember when the dot-com bubble burst

At that point (dot-com bubble burst, 2001), the Federal Reserve (Alan Greenspan), stabilized, refloated capitalism

During that year (2001), as that crisis was being stabilized by the Federal Reserve, global income (total income around the world) was around 55 trillions

The total size (around the world) of financial derivatives was 70 (trillions) (in 2001)

Global income had risen, because of globalization, from 55 to 70 (trillions) in six years (from 2001 to 2007)

Growth in the size, magnitude, volume of derivatives: from 70 to 780 (trillions) (from 2001 to 2007)

In Germany, it (the 2008 crisis) takes the form of very low unemployment but negative interest rates in the pension funds of the Swabian housewife

In France, you have complete inequality, with a part of France that is booming and another part of France that looks like Greece

China is now experiencing a slowdown because of Europe's inability to deal with the crisis that began in 2008

Last time I looked, we had about 1.5 trillion dollars of this (Collateralized Loan Obligation, CLO)

Most Italian banks now have only Italian debt in them, German banks have German debt, French banks have French debt

Trump is antagonazing China, at the time when he's boosting the budget deficit of the Federal Government of the United States that requires Chinese investors to buy it

Apple is shifting production back to the US

But if you're going to see the factories that they (Apple) are creating, firstly they are built by robots without construction workers and they will be building the new Apple laptops with no workers

For the first time in the history of capitalism, new technology creates fewer jobs than they destroy

The president of the European Comission (Jean-Claude Juncker) was the leader of the worst taxe heaven in the history of the world, right in the middle of Europe

Citation de George Stigler: "Je ne peux pas convaincre quelqu'un dont le salaire dépend du fait de ne pas se laisser convaincre"

DiEM25 is a small organization [...] 100,000 people accross Europe

The majority of people who voted for Trump [...] had voted for Obama in 2008"

In 2016, for the first time since 1949, more than half of families in America could not afford the cheapest car, which is a Nissan [TODO] for 13,000 dollars

We had the rules of the Euro zone facing us. Remember: 2% inflation

3% maximum deficit for the budget (rule of the Euro zone)

He (Macron) tried a little bit to help us (Greece), François Hollande slapped him down, and down he stayed

60% of GDP in terms of debt (rule of Euro zone)

And what does Schröder do, at the time when Germany was a sickman of Europe because of unemployment (before 2008), he pushes wages down and cuts down on public expenditures

At the time when the US, Wall Street in particular, was creating a massive boost in financialization, in expenditure

France was the only country that did exactly that (2% inflation rate). Greece was at 3 to 5%, so was Italy, so was Spain. Germany was at 0.8%.

Brexit won by 1.8%

From the moment the huge crisis hit in 2008, the idiotic ECB was practicing Contractionary Monetary Policy. Trichet was increasing interest rates.

And he (Jean-Claude Trichet) did it (increasing interest rates) again in 2011

1 million Europeans moved to Britanny (after 2008 crisis)

So it was the Chinese that boosted their investments from 32% of GDP to 51% of GDP (after the 2008 crisis)

When I moved into the government, in January 2015

I had already inherited a Troika program [...] (saying) that I should sell the port of Piraeus to the Chinese for peanuts, without any kind of restrictions, any kind of conditions.

My party was against any involvement with the Chinese, with COSCO

To cut the long story short, I spoke to the authorities and they confessed what had happened: they had received a telephone call from Berlin: cease in [TODO] any agreement with the Greeks because we need to deal with them first.

And what happened when I resigned, after the surrender of our government to the Troika, Berlin instructed my Prime Minister to sign the original deal that had none of those conditions

Where (Africa) we export guns, death, germs, steel, chemicals

If you go to Lesbos today and you go to Moria, you will see the misanthropy of Europe in action. We are keeping people in conditions of a concentration camp. They are dying, they are suffering

Think of the European Union Turkey Treaty or Agreement that Angela Merkel negotiated in 2015

After having let courageously 1 million Syrians come into Germany and almost lost Chancellery, her (Merkel's) position

Daniel Ellsberg