The hopelessly corrupt structure of the Eurozone & the Eurogroup

by Ramin Mazaheri

Part 2 - The Eurogroup: The banker cabal hidden in plain sight

I reviewed the fake-leftist book “And the Weak Suffer What They Must?” by former Greek Finance Minister Yanis Varoufakis. The analysis and proffered solutions from this self-declared “erratic Marxist” are not Marxist at all, but his eyewitness unveiling of the cartelized capitalist structure that is the Eurogroup has truly been an enormous contribution to European democracy.

The Eurogroup is, at face value, an informal monthly meeting of the finance ministers of the member countries. Ah, government representatives getting together for discussions and planning – sounds democratic, right? Hardly….

I will quote Varoufakis often, because his matter-of-fact condemnations will carry more weight than my own:

“Moreover, the Eurogroup, where all the important economic decisions are taken, is a body that does not even exist in European law, that operates on the basis that the ‘strong do as they please while the weak suffer what they must’, that keeps no minutes of its proceedings, and whose only rule is that its deliberations are confidential – that is, not to be shared with Europe’s citizenry. It is a set-up designed to preclude any sovereignty traceable back to the people of Europe.”

So there are no rules, no records, no democratic process and no democratic accountability…and this is what is in charge of the world’s largest economic engine.

These are appalling realities. They cannot be diffused widely enough or often enough.

Thanks to the whistle-blowing of Varoufakis, we also know that there is also essentially no discussion at Eurogroup meetings: The Troika (the IMF, European Central Bank and European Commission) initiates, dominates and outlines the terms…and then the finance minister-members vote. In short, the overwhelming majority of participants in the group which governs economic policy (and thus social policy) are bankers, former bankers or intimately tied to high finance. When bankers run economic policy, one shouldn’t be surprised if the resulting social policy is for the benefit of bankers.

As Varoufakis relates, maybe the finance ministers will speak, or maybe they won’t even be allowed to speak. Maybe finance ministers will be allowed to disseminate documents which support the positions taken by their democratically-elected governments, or maybe they won’t even be allowed to champion a differing position. Many will justifiably ask: What’s the point of voting in any politician if they have little to no chance of influencing policy at the highest level – the Eurogroup?

The Eurogroup is not an EU institution and cannot declare any legally-binding decisions. It can never be blamed for a bad decision, nor held accountable, because it is not answerable to any parliament or body politic whatsoever.

In short: it is the perfect cabal.

Source, links:

https://thesaker.is/the-hopelessly-corrupt-structure-of-the-eurozone-the-eurogroup/

[1] [3] [4] [5] [6]

The birth and domination of the European Financial Dictatorship

Comments

How The CIA & Mossad Set Up Sudan for Genocide since the 1990s

MintPress News Sudan is being systematically destroyed - not by accident, but by design. This investigation reveals how US imperialism, through Israeli and UAE proxies, has engineered Sudan's collapse since the 1990s to crush the axis of resistance, block China's Belt and Road, and loot Africa's resources families are killed, children starve, and the west profits.

F-35s & AI Chips: How MBS Outplayed Washington & Beijing

GVS Deep Dive Saudi Arabia just secured two of the most powerful assets in modern geopolitics: the U.S. F-35 stealth fighter and tens of thousands of Nvidia’s most advanced AI chips. Washington hoped this would pull Riyadh firmly back into the American orbit. But the outcome is something neither side fully expected: Mohammad bin Salman outplayed both Washington and Beijing — and used the great-power rivalry to his advantage.

Greece, Palestine & Zionism: FPTV Reports from Athens

Free Palestine TV Laith Marouf & Rabih Ghannam travel to Athens, Greece, and take a walking tour with local activists Evan Katsounis and Maria Kosmidi, to discover the rich history of anti-Zionist and anti-Fascist actions in the city, as well as the current Zionist incursion into the property sector and the counter actions directed at the presence of these War Criminals on the streets of the city.

Trump Welcomes Syrian Leader & “REFORMED” TERRORIST To White House!

The Jimmy Dore Show President Donald Trump is planning a White House welcome for Syria’s new president, former al-Qaeda in Iraq leader Ahmed al-Sharaa, who was installed after the overthrow of Bashar al-Assad. Jimmy Dore argues that the U.S. and its allies, including Israel, have long funded extremist groups such as ISIS and al-Qaeda to serve foreign policy interests in the Middle East, so the embrace of al-Sharaa makes sense, even if it might confuse anyone who thought we took seriously the so-called “War on Terror.” He and Americans’ Comedian Kurt Metzger contrast Trump’s willingness to meet with alleged terrorists to his refusal to engage in dialogue with leaders like Venezuela’s Nicolás Maduro, accusing U.S. policy of hypocrisy and imperialism.

Trump RUINED: Israel First Lies & Economic Freefall Just ENDED MAGA

Danny Haiphong Tucker Carlson isn't the only journalist breaking with Trump. In this video, Patrick Henningsen goes scorched earth on Trump's massive betrayal of what he promised his "MAGA" base and blows the lid off how his massive lies serve as a cover up for a much bigger structural problem in America's 'Israel First' political system, what Tucker and major voices in elite MAGA won't tell you.

Trump BLEW IT: Israel, Candace Owens & Epstein BURY MAGA (But Not How You Think)

Danny Haiphong Trump has bent the knee to Israel for the last time. Patrick Henningsen exposes his horrid record and all the elements that has led to his rapidly coming collapse.

Zionists’ LONG HISTORY Of False Flags & STAGED Attacks!

The Jimmy Dore Show In recent years several alleged anti-Semitic incidents, including graffiti and vandalism, were later revealed to have been staged or “false flag” operations carried out by Jewish perpetrators to create sympathy or shift the public narrative in Israel’s favor. Jimmy Dore presents investigations that revealed hoaxes and uses them to argue that media and political institutions exploit victimhood to silence criticism of Israel. He then expands the discussion to accuse Israeli and Zionist figures of deceit in global politics and misinformation about Gaza. It ends with commentary that the term “anti‑Semitic” has lost meaning due to its politicization and misuse.

A response to misinformation on Nicaragua: it was a coup, not a ‘massacre’

There is so much misinformation in mainstream corporate media about recent events in Nicaragua that it is a pity that Mary Ellsberg’s article for Pulse has added to it with a seemingly leftish critique. Ellsberg claims that recent articles, including from this website, often “ paint a picture of the crisis in Nicaragua that is dangerously misleading. ” Unfortunately, her own article does just that. It looks at the situation entirely from the perspective of those opposing Daniel Ortega’s government while whitewashing their malevolent behavior and downplaying the levels of US support they have relied on. Her piece is an incomplete depiction of what is happening on the ground, ignoring many salient facts that have come to light and which have been outdated by recent events. The following is a brief response to Ellsberg’s main points from someone who lives in Nicaragua and has observed the situation directly and intimately: https://grayzoneproject.com/2018/08/15/a-res...

Priceless: Zelensky told the truth about the war in Ukraine at its beginning!

globinfo freexchange How did this escape the radars of mainstream media? Well, the answer is obvious, yet still, it is astonishing the fact that already back in 2022, at the beginning of the war in Ukraine, one of the major outlets of Western imperialism, actually translated this part of the interview with West's puppet, Volodymyr Zelensky. At 12:28 of the video, Zelensky starts spelling the truth about the real reason behind the war in Ukraine! Zelensky admits: There are those in the West who don't mind a long war because it would mean exhausting Russia, even if this means the demise of Ukraine and the cost of Ukrainian lives. This is definitely in the interest of some countries. For other countries, it would be better if the war ended quickly because Russia's market is big one that their economies are su...

Capitalism & Genocide - Yanis Varoufakis Speech at the Gaza Tribunal, 23rd October 2025, Istanbul

Yanis Varoufakis On 23rd October, Yanis Varoufakis testified in front of the Jury of Conscience in the context of the Gaza Tribunal. His speech focused on the economic forces underpinning the genocide of the Palestinian people. In particular, he spoke on the manner in which capitalist dynamics have historically fuelled the white settler colonial project and, more recently, how the accumulation of a new form of capital - which he calls cloud capital - has accelerated, deepened and amplified the economic forces powering and propelling the machinery of genocide.

the unbalanced evolution of homo sapiens

Search This Blog