Yanis Varoufakis: Why we should all be wary of the euro

Former Greek finance minister

If you think the point of monetary union is to increase the interdependencies between our economies, trade and foreign direct investment, then think again, writes Yanis Varoufakis, an economist and former Greek finance minister.

The greatest success story in terms of meshing together economies applies to those such as Poland, Hungary, the Czech Republic and Germany - countries that do not share the euro. If you look at the relationship between the German, Portuguese, Italian and Greek economies, the incongruities and imbalances between us have been deteriorating from the first day we created the euro. Peter Navarro, the head of the National Trade Council of President Donald Trump, came out with a rather interesting accusation recently.  Why is Europe still maligned by investors? He accused Germany of ef...