Europe’s identity crisis: Empty values & defence delusion - Varoufakis & Munchau | The Econoclasts

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This week, Yanis Varoufakis and Wolfgang Munchau take aim at Europe’s core illusions. Are Europe’s ‘values’ anything more than a slogan when its leaders fail to defend a French ICC judge sanctioned by the Trump administration? And why is Europe fixated on rapidly increasing defence spending to 3.5% of GDP – is this target a genuine strategy to counter Russia and achieve independence, or is it a doomed exercise that will only funnel money inefficiently and increase Europe’s reliance on American arms suppliers?

The Econoclasts is the podcast from UnHerd in which Yanis Varoufakis and Wolfgang Munchau each week pick pillars of the economic orthodoxy – so-called ‘settled facts’ – and shatter them. Why? Because, while they don’t always agree politically, they’re united in one conviction: the consensus is rotten and the establishment’s model is failing.

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