Europe’s economy is at a crossroads . With sluggish growth, an energy crunch, and inflation squeezing wallets, the continent faces tough questions about its future. Add to that the push to “de-risk” from China while balancing global partnerships, and the stakes get even higher. So, what’s the path forward? We sat down with Yanis Varoufakis, former Greek Finance Minister and outspoken economist, to unpack these challenges.
Europe’s Tightrope Walk: Growth vs. Geopolitics
Varoufakis didn’t shy away from the hard truths. “Europe’s energy crisis isn’t just about Ukraine,” he noted. “It’s a wake-up call to rethink how we build resilience.” He stressed that while reducing dependency on Chinese supply chains is a hot topic, cooperation—not division—could be key.
China and Central Europe: A Belt and Road Boost?
Could the Belt and Road Initiative (BRI) bridge gaps? Varoufakis sees potential, especially in Central and Eastern Europe. “Infrastructure projects under BRI aren’t just about economics—they’re about trust-building,” he said. But with the EU’s “de-risking” strategy gaining momentum, balancing competition and collaboration will require diplomatic finesse.
The Youth Factor: Jobs, Climate, and Hope
For young readers eyeing their futures, Varoufakis had a message: “Demand policies that tackle climate change and create jobs—*together*. That’s where Europe and China can align.”
As debates over trade and security heat up, one thing’s clear: Europe’s next moves will shape not just its economy, but the global order. Stay tuned for more insights from our full interview!
Reference(s):
Dialogue with former Greek Finance Minister Yanis Varoufakis
cgtn.com