YANIS VAROUFAKIS: Yes, so I don’t need to theorize. It starts with Greece. Greece is a pipsqueak country, it’s not that important. With that small problem you impose these unsustainable loans, which give creditors huge power and then you start cutting, cutting, cutting, because the final intention, and I try to explain this in this book, is to curtail the Parisian elite’s long-standing ambition to usurp the power of the Deutsche Mark for the purpose of expanding the French nation-state’s reach and control of Europe.

NOAM CHOMSKY: And also I presume for the Bundesbank to be able to control the French budget.

YANIS VAROUFAKIS: Absolutely, not so much the Bundesbank, but the finance minister himself. And I don’t blame the Germans for that. If you go back to 1992, when the euro was first created, the Maastricht Treaty, to convince the French to vote for it, the French conservative newspaper Le Figaro had a headline that was offensive to human beings. It read, as an encouragement to the French to love the Maastricht Treaty, “Maastrict,” and underneath, “A New Versailles Treaty without a shot being fired.” Now that is offensive to the German people, it is offensive to anyone who understands the pain of the Second World War. It is offense to all well-intentioned human beings.

NOAM CHOMSKY: And do you think French elites actually believed that at Maastricht?

YANIS VAROUFAKIS: Absolutely. And this was the intention. The goal in 1965, in response to a journalist, who asked him don’t you worry that with this European Economic Union, Germany is going to become the powerful country here, and his response was, “They’re going to be the horse and we are going to be the carriage driver.” It’s clear.

NOAM CHOMSKY: The Brussels bureaucrats.

YANIS VAROUFAKIS: The French graduates of the great Grandes Écoles who would be populating the Brussels bureaucracy. We should not be anti-German, anti-French, we just must understand that the elites of Europe have made a complete and utter mess of the project of European union.

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