This video explains the former finance minister of Greece and founder of Diem25 - Democracy in Europe Movement 2025 Yanis Varoufakis why the European Union has a lack of democracy and why it is fundamental enforce them in all areas. Varoufakis also examines why companies must be reformed so that the economic situation in Europe can be improved. Excerpts from the video:
Yanis Varoufakis about the democratization of the EU:
"In Germany, the government can be dismissed by the Bundestag. In Europe there is no such a process, not at all. There is no democratic deficit in the European Union. It is not as if not the EU democratic 'enough'. Imagine someone in front in a spacesuit on the moon, and the person takes off his helmet: "Oh, here is an air-deficit." There is no deficit; there is simply no air the same applies to the EU, there. there simply is no democracy Indeed, there is the opposite. contempt Demokratie.Demokratie is used as a pretext to legitimize what they do ".
Varoufakis about the idea of democratization of transnational corporations:
"For starters, it would be nice if we could tame them, put them limits. You pay also compel taxes. We stop tax competition, which allows them to go to Ireland and to pay 12% corporate tax rate, to avoid the German tax ,
But even they do not pay because they have a deal with the Netherlands, where the money first flows before it lands in the Caribbean, and in the end they pay 1%. So before we democratize it, we should get them to their taxes to pay where they also sell.
