Mr. Varoufakis’s concern today is not merely the health of Greece. He worries about the survivability of the EU and the euro zone in the post-Brexit era. Indeed, the EU is under siege. Britain is leaving. Marine Le Pen, leader of France’s xenophobic, anti-EU National Front, could win the country’s spring presidential election. In Italy, the Euroskeptic Five Star Movement, already the biggest opposition party, could easily win the next election. The grand European-integration project seems dead. The challenge is to keep what’s left more or less intact.
by Eric Reguly for The Globe and Mail
Having lost the old fight over Greece’s financial future, Mr. Varoufakis is focused on a different cause: preserving the European Union
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