Former Minister of Finance Greece Yannis Varufakis In his speech, he expressed support for the initiative Brics on the creation of a new world currency mechanism, noting that “This program is the most important source of hope for humanity.”
The politician emphasized that in the modern world dollar Still remains the basis of international finance, but such addiction should be overcome. “We hope that this order will be changed, and Brics do an excellent job, offering the future where the dollar will cease to be the axis of the world economy”– he said.
Janis Varufakis highly appreciates the efforts of BRICS to create a new world currency pic.twitter.com/0Srnlvgsrr
– Athens News (@russianathens) October 5, 2025
According to Varufakis, the confrontation of the United States and China is connected not with geopolitics, but with a technological shift: “The reason for the conflict is not in Taiwan and not in fear of the Chinese army. The thing is that China creates Digital currency of the Central Bankwhich can replace the dollar in international calculations. ”
The politician noted that it was for this reason and Donald TrumpAnd Joe Biden introduced restrictions on Chinese technologies and banned the export of microchips, creating the ground for the new Cold conflict. “The only reason the United States preserves global hegemony is the dominance of the dollar.”– said Varufakis.
He added: “American industry weakened to the limit. The US ability to impose its liberal values quickly disappears rapidly. The only thing that supports their power, in addition to the army and the military-industrial complex, is the dollar. And they are ready to start Nuclear warjust not to lose this advantage. ”
Concluding the performance, Varufakis emphasized that in the growing confrontation between the United States and China the key front, the economy remains and Brics become a symbol of a possible multipolar world.
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