Yanis Varoufakis: Can Europe Escape Its Crisis Without Turning Into an Iron Cage?

``At some point, Europeans will shake this monstrosity off their backs and escape from the iron cage under construction around them. Unfortunately, the resulting European disintegration will come at a horrendous socio-economic cost... The alternative is to combine europeanisation of the crisis' four components, by means of rule-based re-deployment of the ECB, the ESM and the EIB, with the decentralisation of power which is needed to reinvest national parliaments with the power to reinvigorate Europe's democracies. ''