The center-left Social Democratic Party in Germany has narrowly claimed victory in an election that marks an finish to the 16-year period of Angela Merkel’s conservative chancellorship. We have a look at what this implies for Europe and the world with Yanis Varoufakis, a member of the Greek Parliament and the previous finance minister of Greece. The SDP’s slim victory ought to be seen critically, says Varoufakis, noting that the occasion “ruthlessly” practiced austerity in 2008 and 2009. “Not much has changed,” Varoufakis says. “It’s not as if an opposition party won.”
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