Part 6/8:
When considering the unique case of Greece, Varoufakis acknowledges that the nation may not be directly affected by Trump’s tariffs due to its low export levels to the U.S. However, Greece's dependance as part of the EU means it will still feel the repercussions if Germany and other stronger economies struggle amid escalating global trade tensions.
With Germany facing challenges in maintaining its industrial output and competitiveness in emerging technologies, Greece finds itself vulnerable, relying predominantly on an industrial model that may be unsustainable under the pressures of global shifts in trade policy.