Varoufakis Mockingly Praises Osborne’s Faux Austerity

Rock star former Greek finance minister and self confessed “unapologetic Marxist” Yanis Varoufakis used his slot on Question Time last night to compliment George Osborne for not actually implementing austerity.

“I don’t believe that we need an alternative to austerity because austerity is not an option. And indeed, I’m going to give a compliment to George Osborne and to the Tory government, it’s going to create some consternation I think in the Tory party. He hasn’t really practiced austerity, he’s talked about austerity, he did a little bit of it and then it didn’t work. He killed off this nascent recovery after 2009 with the little bit of austerity he did and he stopped, and indeed I can assure you that in discussions I have with good friends of mine in the Tory party, they have been very supportive to us here in Greece and to me personally in our struggle to end austerity in Greece.”

Varoufakis is right, Osborne jacked up welfare spending by £28 billion during his first four years on the job and is still overspending by £2 billion a week. In office Varoufakis, a socialist Greek finance minister, was more of a deficit hawk than the Conservative British Chancellor, Osborne’s austerity is only rhetorical, he is currently running a higher deficit than Greece




Tip offs: 0709 284 0531
team@Order-order.com

Quote of the Day

A senior Leaver tells Guido:

“Remainers have been outgunned. They were telling us EEA was nailed on and Spreadsheet Phil was going to get a 5 year transition.”

Sponsors

Guidogram: Sign up

Subscribe to the most succinct 7 days a week daily email read by thousands of Westminster insiders.
Hammond Overspending by Just £10 Million an Hour Hammond Overspending by Just £10 Million an Hour
Momentum Soft Smut Snapper Rejected as Labour Candidate Momentum Soft Smut Snapper Rejected as Labour Candidate
All Smiles After Cabinet All Smiles After Cabinet
Who’s The Eye’s Telegraph Mole? Who’s The Eye’s Telegraph Mole?
UK Green Lobby Funded by Anti-Immigrant Multi-Millionaire UK Green Lobby Funded by Anti-Immigrant Multi-Millionaire
Tory Glasto Hosted by Multi-Millionaire Gambling Magnate Tory Glasto Hosted by Multi-Millionaire Gambling Magnate
Hammond and Treasury “On Manoeuvres” Against Brexit Hammond and Treasury “On Manoeuvres” Against Brexit
Osborne Lands Job Number Seven Osborne Lands Job Number Seven
Civil Service ‘Not Really Preparing’ For No Deal Civil Service ‘Not Really Preparing’ For No Deal
Osborne’s Latest Duff Analysis Osborne’s Latest Duff Analysis
Corbynista Journo Banned from Conference Corbynista Journo Banned from Conference
Sheerman’s Shameless Shilling Sheerman’s Shameless Shilling
Carwyn Jones Picks a Winner Carwyn Jones Picks a Winner
Red Robbins: May’s Brexit Supremo is Soviet Sympathiser Red Robbins: May’s Brexit Supremo is Soviet Sympathiser
Owen Goes Full Brent Owen Goes Full Brent
What Caused Rachel Sylvester’s Volte Face? What Caused Rachel Sylvester’s Volte Face?
Labour Moderates Screwed Labour Moderates Screwed
WATCH Boris: “I’m Not Resigning” WATCH Boris: “I’m Not Resigning”
Corbynistas Seek Right to Suspend NEC Elections With “Venezuela Amendment” Corbynistas Seek Right to Suspend NEC Elections With “Venezuela Amendment”