The Econoclasts

Greece’s lethal warning to Europe


December 17, 2025

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This week, Yanis Varoufakis and Wolfgang Munchau take aim at two prevailing myths: the widespread belief that Greece’s recovery is a heartwarming success story—a model for debt-laden nations like Germany and the UK—and the soft center-left idea that the EU can “go it alone” and challenge the United States politically and economically. Is Greece’s success real, or just a financial illusion? And is a meaningful decoupling from a tariff-wielding America possible, or is the dream of a strategically independent Europe dead?


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