Yanis Varoufakis: Europe and the Austerity Fallacy

Yanis Varoufakis, Economist and Former Minister of Finance, Hellenic Republic

Yanis Varoufakis: Europe and the Austerity Fallacy by The Chicago Council

We will also live stream this program at 6 p.m. CT


The European Union is a house of cards threatening regional stability and global prosperity, argues Yanis Varoufakis. The flawed architecture of the EU’s institutions, which struggled to develop an effective or coordinated response to the Eurozone crisis, has never been addressed. Rather than reforming governance or enhancing democracy, Varoufakis contends that Europe’s leaders defended the status quo, while administering a punishing course of austerity on the EU’s weaker members. As a result, he believes, Europe will continue to see rising inequality and extremism, while remaining wholly unprepared for the next crisis. What are the key lessons from the Eurozone crisis? And what can global leaders and citizens do to build a more just, democratic, and sustainable economic system?

Yanis Varoufakis’ new book, And the Weak Suffer What They Must? will be available for purchase and signing at the program from the Book Cellar.


Speaker Bio


Lunch with the FT: Yanis Varoufakis
Peter Spiegel, Financial Times, 03/24/2016

Yanis Varoufakis on His Plan to Save the EU - with Julian Assange and Slavoj Žižek
Osia Katsidou, Quartz, 03/23/2016

Yanis Varoufakis in His Own Words
Giles Turner, The Wall Street Journal, 07/06/2015


5:30 p.m.
Registration and cash bar reception

6:00 p.m.
Presentation and discussion

7:15 p.m.
Adjournment and book signing