Yanis Varoufakis exposes the duplicity of the EU’s current argument on state aid saying “London is in a strong position and has the argument on their side.”

Today, Yanis Varoufakis exposes the duplicity of the EU’s current argument in regards to Britain adhering to EU state aid rules. Yanis stated that London is in a very “strong position” in these negotiations.

Yanis said: “The main issue at the moment is not fishing, it’s not ideology, it is state aid.

“State aid is going to shape the future of our economies, both in the EU and in Britain.
“I have no doubt that Boris Johnson prefers a deal to come out of this process, to eliminate the cost of a sudden rupture. He is not seeking a no-deal outcome.”
“If the EU moves on state aid, I believe there will be a breakthrough.
“But, Johnson will not allow the EU to set the parameters to decide the UK’s future state aid regime, which will be crucial.”

The BBC’s Mishal Husain said: “It’s interesting that you say state aid is the crucial stumbling block.
“I say it’s curious because it’s not as if the EU is against state aid. It happens all the time in different industries and different countries.
“There are versions of it going on across the EU right now because of the coronavirus.”
Mr Varoufakis responded: “Absolutely. I think this is where London is in a strong position and has the argument on their side.
“Mr Barnier and the bureaucracy in Brussels are pretending that we are in 2019, but we were not in 2019.

“COVID-19 has completely upended the whole state aid regime, and Brussels is no longer capable of directing state aid rules to France and Germany.
“France and Germany are providing state aid to companies that a year ago would have been ruled out of court by the EU.
“So for Barnier to be insisting that the UK stick to rules that France and Germany are no longer bound by is a bit rich.”

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5 thoughts on “Yanis Varoufakis exposes the duplicity of the EU’s current argument on state aid saying “London is in a strong position and has the argument on their side.”

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