Varoufakis: Brexit Would Speed Up EU Disintegration

The video discusses the European Union's ongoing disintegration, accelerated by Brexit, and its deflationary impact on Europe and Britain. It critiques the eurozone's architecture post-2008 crisis, highlighting short-term solutions like the European Stability Mechanism and banking union, which are seen as destabilizing. The video also examines CDO-like euro bonds and systemic issues, emphasizing the embedded problems within the solutions created over the past years.

In what ways is the European Stability Mechanism considered destabilizing?

What is the significance of the banking union in the context of the European financial system?