Varoufakis buries the hatchet with Germany in EU parliament campaign

Berlin (dpa) – Former Greek finance minister and left-wing politician Yanis Varoufakis hopes to show through his Germany-based campaign for a European Parliament seat that tensions between Greece and Germany are in the past. The battles over Greece’s debt crisis in the early part of this decade represented two proud nations facing off against each other, Varoufakis told dpa Saturday on the sidelines of the “A Soul for Europe” conference in Berlin. The leftist politician said the main reason for his campaign was that “Europe is threatened with collapse.” Such a collapse would bring out “political monsters” from the right flank across the continent, he said. He called for drastic measures to pull the EU back from the brink.

Varoufakis hopes to win a seat in EU parliamentary elections in May. He has been placed at the top of the ballot for the Demokratie in Europa party, a German branch of his pan-European Democracy in Europe Movement 2025 (DiEM25). The 58-year-old served as Greece’s finance minister for one and a half years under the left-wing government of Alexis Tsipras, demanding debt relief from the EU to avoid deep cuts to social programs. He resigned in 2015 after repeated clashes over bailout funds with Germany’s then-finance minister, Wolfgang Schaeuble.

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