Edit: this interview is illuminating:
http://www.newstatesman.com/world-affairs/2015/07/yanis-varoufakis-full-transcript-our-battle-save-greece
Half way through reading this, and it is shocking stuff. Validates a lot of what MA has been saying about the political elite. Downright shocking if what Varoufakis says is true, and I don't have any reason to disbelieve the guy.
The best part is this one:
What is the greatest problem with the general way the Eurogroup functions?
YV: [To exemplify ] There was a moment when the President of the Eurogroup decided to move against us and effectively shut us out, and made it known that Greece was essentially on its way out of the Eurozone. There is a convention that communiqués must be unanimous, and the President cant just convene a meeting of the Eurozone and exclude a member state. And he said, Oh Im sure I can do that. So I asked for a legal opinion. It created a bit of a kerfuffle. For about 5-10 minutes the meeting stopped, clerks, officials were talking to one another, on their phone, and eventually some official, some legal expert addressed me, and said the following words, that Well, the Eurogroup does not exist in law, there is no treaty which has convened this group.
So what we have is a non-existent group that has the greatest power to determine the lives of Europeans. Its not answerable to anyone, given it doesnt exist in law; no minutes are kept; and its confidential. So no citizen ever knows what is said within. These are decisions of almost life and death, and no member has to answer to anybody.
PS: I know the guy, he's for real.
