The EU’s financial system operates in the shadows, with institutions like the European Investment Bank (EIB) wielding immense financial power, but who actually benefits?

In the latest episode of EU Watchdog Radio, we sit down with Yanis Varoufakis - former Greek Finance Minister, Member of the Greek Parliament, and relentless critic of financial elites - to dissect the EU’s economic machinery.

From the European Investment Bank’s role in fueling corporate capture to the EU’s relentless push for competitiveness at the expense of social and environmental justice, we dig into the flaws of a system designed to benefit the few.

In an exchange with Alexandra Gerasimcikova, Varoufakis unpacks the implications of Europe’s lack of political will to mobilise large scale public funds to build a green economy, prospects for Europe to compete with global actors in the field of artificial intelligence, the dangers of Europe’s growing military spending, and what bold changes are needed to shift power back to the people.

Tune in for an unfiltered conversation that exposes the reality behind EU finance.