Varoufakis recommends a different Brexit strategy

Yanis Varoufakis on Question Time, Oct 2016 / BBC

The Mirror — Theresa May has miscalculated her Brexit strategy, says Yanis Varoufakis the ­former Greek finance minister who handled his country’s EU negotiations.

Prime Minister May should try to avoid a defeat at the hands of EU negotiators determined to do to the UK that which they did to Greece in 2015.

She has set out to arm herself with the credible threat of a ‘hard Brexit’, but she may have miscalculated her optimal strategy.

London’s greatest miscalculation would be to assume that the EU’s negotiators are committed to the bloc’s economic interests  warns Varoufakis.

“Whilst negotiating Greece’s debt to the EU with them, I realised in horror that they cared very little about getting their money back and a great deal more about shoring up their relative positions in the games they play with one another – even if this sacrificed large economic gains.

Mrs May will encounter this mindset soon in Berlin, Brussels and Paris.

If my experiences are anything to go by, a frustrating two years await British negotiators.

They are faced with the EU’s favourite tactics:

The EU Run-Around (as Brussels refers them to Berlin and vice versa), the Swedish National Anthem Routine (the feeling that whether you have outlined a sensible proposal or sung Sweden’s national anthem they react the same way), the All-Or-Nothing Ruse (refusing to discuss any issue unless all issues are simultaneously discussed) and the Blame Game (censuring you for THEIR recalcitrance).

Nothing good, for Britain or for the EU, will come out of this process.

It is why I recommend a strategy that robs Brussels of all room to manoeuvre.

That is: Request a Norway-like agreement for an interim period – something that they cannot refuse – and empower the next UK parliament to design and pursue Britain’s
long-term relationship with the EU.