Theresa May has only “one option” that would be good for Britain and good for Europe

Speaking on BBC Radio 4’s Broadcasting House, Yanis Varoufakis has said that Prime Minister May’s “abysmal” negotiating position leaves a general election in Britain as her only “solution”. “Mrs May is then allowed to go away in peace and to have a new government that negotiates a Norway-style agreement for Britain for a five-year period at least so that Mrs Merkel and Mr Macron can say ‘OK, well this is a problem for our successors’.”

Mrs May has only one option that would be good for Britain and good for Europe and that would be to file for a Norway-style single market agreement with the customs union for a five-year period and restore the sovereignty of the House of Commons and defunct this whole process

 Credit: BBC - Getty

Credit: BBC - Getty

Mr Varoufakis said: “Grimly predictable. The European Union was never going to negotiate with Mrs Theresa May. I’ve been warning about this since the day of the referendum.” Citing the negotiating performance of UK counterparts as “equally abysmal” and “verging on suicidal”, he further noted that: “You do not accept this sequencing of negotiations that Mr Barnier clearly outlined when he was appointed without heading straight for defeat.”

“The tragedy we now have is we have two teams… the Brussels-based negotiators and the London Government. Neither of those teams are particularly interested in a mutually advantageous agreement.

 “Mrs May is struggling to survive. The EU has a nightmare in their minds. The worst thing that could happen for them is a mutually advantageous agreement because that signals to the riff-raff of Europe – the Poles, the Hungarians, the Austrians – that if you challenge Brussels you may end up with a good deal. So I’m very much afraid that Mrs May has only one option that would be good for Britain and good for Europe and that would be to file for a Norway-style single market agreement with the customs union for a five-year period and restore the sovereignty of the House of Commons and defunct this whole process.”

Varoufakis went on to lament the calls for a second Brexit referendum as “delusional”, emphasising that “There can be no second referendum because a referendum by definition involves a binary choice and now you have two, three, or four choices. You have no Brexit deal, no deal Brexit, you have no Brexit, you have a Norway style so the only way out of this impasse now is for a general election – that’s the way I see it.”

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