| Yanis Varoufakis destroys ‘glorified cartel’ EU – Jab chaos exposes bloc’s ‘true weakness’. YANIS Varoufakis has lashed out at the European Union’s failings during the coronavirus crisis as he hit out at the shortage of vaccines across the bloc. The former Greek finance minister blamed the vaccine disaster on a lack of democracy and the EU originating as a “glorified cartel”. There is outrage across Europe at the number of vaccines acquired by the European Commission, which was put in charge of procurement. The failure of the French Sanofi vaccine to work, and a smaller than expected delivery from British-Swedish company AstraZeneca, has plunged the continent into crisis. Mr Varoufakis said: “The EU vaccines procurement fiasco is yet further proof that inefficient bureaucracy was never the EU’s true weakness “The roots of the union’s multiple failures can be traced to its origins in a glorified cartel. “The rules that have caused so much avoidable pain across the continent, and have guaranteed the oligarchy immunity from anything resembling a democratic process, are embedded in the unwritten corporatist covenant at the centre of the EU. “Unlike nation-states that emerge as stabilisers of conflicts between social classes and groups, the EU was created as a cartel with a remit to stabilise the profit margins of the large, central European corporations.IMPORTANT! -None of these images, music & video clips were created/owned by us. -This video is purely fan-made, if you (owners) have seen your content and want to remove this video, please message us privately or mail us [email protected] before doing anything. We will respectfully remove it immediately. -COPYRIGHT DISCLAIMER UNDER SECTION 107 OF THE COPYRIGHT ACT 1976 – Copyright Disclaimer Under Section 107 of the Copyright Act 1976, allowance is made for “fair use” for purposes such as criticism, comment, news reporting, teaching, scholarship, and research. Fair use is a use permitted by copyright statute that might otherwise be infringing. Non-profit, educational, or personal use tips the balance in favor of fair use. Latest News. |
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