Yanis Varoufakis on austerity and the Democracy in Europe Movement (DiEM): OECD Podcast

One country that symbolised the crisis of the last 10 years was Greece. Its insolvency embarked the country on a long regime of bail-outs and austerity. This August, Greece officially emerged from the crisis, with the OECD forecasting GDP growth again. So, did the austerity work? The former Greek finance minister and co-founder of the Democracy in Europe Movement (DiEM) remains unconvinced. Mr Varoufakis was a guest at the OECD’s “10 years after the crisis” conference.

*Disclaimer: Our podcasters may express personal views and opinion, which do not necessarily reflect the official views of the OECD or its member countries.

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©OECD Observer 2018




Economic data

GDP growth: +0.5% Q2 2019 year-on-year
Consumer price inflation: 1.6% September 2019 annual
Trade: -1.9% exp, -0.9% imp, Q2 2019
Unemployment: 5.2% September 2019
Last update: 18 November 2019

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