On June 10, 2025, DiEM25 co-founder Yanis Varoufakis delivered a powerful, unflinching speech at the European Parliament — a direct challenge to the EU’s transformation from a peace project into what he now calls a fully-fledged war machine.
At an event hosted by The Left in the European Parliament and M5S Europa, and joined by Jeffrey Sachs and Giuseppe Conte, Varoufakis made the case that Europe’s military Keynesianism is not only deepening inequality and debt but also locking the continent into permanent conflict.
In this sweeping address, he lays bare the EU’s structural dependence on the United States, its complicity in the war in Gaza, and the growing alliance between liberal authoritarianism and the xenophobic far-right. He argues that the economic foundation for peace begins with ending Europe’s submission to U.S. deficits and reimagining a sovereign, democratic, green Europe.
“The EU is now a War Project – a project that will either land us in permanent war, or bankrupt us further. Or both.”
Watch this urgent intervention in full — and decide for yourself: is Europe marching toward peace, or toward perpetual war?
Read the full speech: https://diem25.org/yanis-varoufakis-the-economics-of-europes-descent-into-warmongering-and-our-duty-now/
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