May Misinterpreted Brexit Referendum’s Result In Favour Of Xenophobia: Former Finance Minister
A former Greek finance minister said the European Union’s greatest nightmare is a mutually advantageous agreement between Britain and the EU.

Yanis Varoufakis, a Greek economist, academic and politician, who served as the Greek Minister of Finance from January to July 2015 told Business Insider that the UK Prime Minister misinterpreted the Brexit referendum‘s result.

The author of Adults in the Room: My battle against Europe’s deep establishment, believed that Theresa May falsely interpreted the verdict of the British people as a verdict in favour of xenophobia, of ending freedom of movement, when the sensible interpretation would have been that it was an attempt to restore sovereignty to the British parliament.

Varoufakis said Mrs May’s second error was to imagine that she was going to negotiate with the European Union.

“The European Union does not negotiate unless it is forced to because the European Union’s greatest nightmare is a mutually advantageous agreement between Britain and the European Union,” he said.

Read More: Lord Adonis In His Resignation Letter: Theresa May Has Become The Voice Of Ukip

The economist added: “They are only concerned with one thing: How to signal to the rest of Europe that anyone who votes in a government or who votes in a referendum in a manner which challenges the authority of the deep establishment in Europe will get crushed.”

Varoufakis predicted that the wreckage is coming out of the Article 50 process and that the only way Britain can rescue is for the PM to do the right thing, by Britain and by Europe, to stop these negotiations and simply file an application for a Norway-style agreement for a period of at least five years after the two-year Article 50 process is over.

Varoufakis believed this will give certainty to business, certainty to citizens, and in an important sense, “to honour the strongest argument in favour of Brexit, which is the restoration of sovereignty to the House of Commons.”

The Greek politician concluded that “only if you give the House of Commons a period of six, seven years of stability will the members of parliament have the opportunity to debate amongst themselves what kind of arrangements they want between the European Union and the United Kingdom.”

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