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Labour leader Corbyn contracts as advisor the “erratic Marxist” Varoufakis

Wednesday, March 2nd 2016 - 08:09 UTC
Full article 20 comments
“Varoufakis is interesting, because he has obviously been through all the negotiations (ECB, EC and IMF),” Corbyn was quoted “Varoufakis is interesting, because he has obviously been through all the negotiations (ECB, EC and IMF),” Corbyn was quoted
Varoufakis is scheduled to discuss his experiences and offer advice on Labour policy “in an attempt to raise the level of public debate on economics and policy making.” Varoufakis is scheduled to discuss his experiences and offer advice on Labour policy “in an attempt to raise the level of public debate on economics and policy making.”

Yanis Varoufakis, the self-described “erratic Marxist” who took Greece to the brink of a Euro zone exit by battling creditors over the conditions for a bailout, has got a new role: advising Britain’s opposition Labour Party.

 The former finance minister who shuns neckties and says the EU is falling apart will advise Labour due to his negotiating experience during the Euro zone debt crisis, said Labour leader Jeremy Corbyn.

“I think the way Greece has been treated is terrible and we should reach out to them,” Corbyn, who has taken the party of Tony Blair and Gordon Brown further to the left since he became leader in 2015, told the Islington Tribune.

“Varoufakis is interesting, because he has obviously been through all the negotiations (with the ECB, European Commission and the International Monetary Fund),” Corbyn was quoted as telling his local London newspaper.

A spokesman for the Labour Party said Varoufakis would take part in a lecture series to discuss his experiences and offer advice on Labor Party policy “in an attempt to raise the level of public debate on economics and policy making.”

In six months as Greece’s finance minister, the British-educated economist infuriated Euro zone colleagues by opposing the terms for a Greek bailout.

As Greece tumbled towards what some investors feared would be a disorderly exit from the euro, Varoufakis engaged some colleagues in political discussion on the economic theory behind the bailout terms while publicly criticizing the Euro zone.

He resigned in July 2015 shortly before Prime Minister Alexis Tsipras eventually finally agreed terms to avoid being bounced out of the common currency.

“We both want to see an economic strategy around anti-austerity, and we’re both very concerned about the activities and power of the European Central Bank,” Corbyn, 66, said.

Categories: Politics, International.

Top Comments

Disclaimer & comment rules
  • Marti Llazo

    As both are exemplary failure clowns, they are made for each other. Corbyn might do well to hire Kicillof as well.

    Mar 02nd, 2016 - 12:47 pm 0
  • T_Paine

    And posters here like to argue that the UK is fine
    Simple fools

    Mar 02nd, 2016 - 01:45 pm 0
  • Briton

    Corbyn
    just yearns to share that glass coffin wit Stalin.

    Mar 02nd, 2016 - 02:14 pm 0
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