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23 January 2019updated 26 Jul 2021 11:55am

Yanis Varoufakis: Britain needs a People’s Debate, not a second Brexit referendum

If I had a magic wand by which to annul Brexit now, I would not use it. 

By Yanis Varoufakis

Britain is teetering on a knife’s edge: about to crash out of, or back into, the European Union. Either outcome would represent a defeat for democracy in the UK and in the EU.

Crashing out would inflict substantial economic hardship on the weakest in Britain. It would boost jingoism and parochialism, drive England further apart from Scotland and Ireland, and expose the UK to the vagaries of a Trump administration eager to divide Europe and to liberate US corporations operating on British soil from all social and environmental constraints.

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