EUROPE - Yanis Varoufakis claimed the break up of the eurozone would not be because of crisis-hit Greece or Italy but because of Germany, with Berlin the first capital to drop out of the monetary union and print Deutsche Marks. Amid fears the eurozone might not be able to survive, a speech by former Greek Finance minister Yanis Varoufakis has resurfaced, in which he claimed the eurozone will not break up because of countries like Italy or Greece but because of Germany. In a 2018 debate at the Oxford Union, the ex-Greek minister said: “The euro will break up, if it breaks up, I am not wishing that it does, I am simply describing the future as I see it. The way it will happen is that Germany will leave the euro once the Berlin political class has had enough of the riff raff, asking Greeks, the Italian, the French, the Portuguese and so on. The moment they start sniffing in the wind that possibility they might have to bail out 2.7 trillion euros of Italian debt, believe you me, the Bundesbank already has a plan in the drawer for printing Deutsche Marks.”