Varoufakis advising Corbyn’s Labour “in some capacity”

29 February 2016
84 Views

The leader of the Labour party, Jeremy Corbyn, has revealed that former Greek Finance Minister Yanis Varoufakis is advising the British social democrats “in some capacity.”

Corbyn suggested in an interview with the Islington Tribune that Varoufakis is in contact with shadow chancellor John McDonnell, adding that Labour is interested in his view because of his experience in last year’s bailout negotiations with the eurozone.

“I think the way Greece has been treated is terrible and we should reach out to them,” said Corbyn.

“I realize we’re not in the Eurozone but it’s a question of understanding how we challenge the notion that you can cut your way to prosperity when in reality you have to grow your way to prosperity.”

Corbyn met Greek Prime Minister Alexis Tsipras recently and indicated that the two men agreed on a number of issues.

“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, although Britain is not in the Eurozone and isn’t likely to be.”

Varoufakis had suggested as early as last October that he was advising the Labour party.

“We are in conversation with the Labour party – the Corbynistas. My advice is to shift away from the narrative of austerity – pro-austerity/anti-austerity. Austerity is not the issue,” he told the BBC’s Daily Politics.

Varoufakis said he would encourage Labour to develop effective investment policies.

“Corbyn has to revive the Harold Wilson strategy of the 60s of reinventing Labour’s values in the context of a technologically driven investment program,” he said.

You may be interested

Village Hopping on Greek island of Tinos!
GREECE
shares61 views
GREECE
shares61 views

Village Hopping on Greek island of Tinos!

Panos - Jul 24, 2017

Architecture, crafts, local traditions and unique features, make a visit to each one of these 8 villages an unforgettable experience…

One of Oldest Schools in Greece to be Restored
GREECE
shares52 views
GREECE
shares52 views

One of Oldest Schools in Greece to be Restored

Panos - Jul 24, 2017

The tender for the restoration of one of the oldest schools in Greece was completed; works will begin soon in…

Greece on brink of return to sustainable growth, economists believe
FINANCE
shares55 views
FINANCE
shares55 views

Greece on brink of return to sustainable growth, economists believe

Panos - Jul 24, 2017

Greece could be close to returning to sustainable economic growth at last after almost a decade of devastating recessions and…

Leave a Comment

Your email address will not be published.