Britain Is Trapped Regardless of `Brexit' Vote, Varoufakis Says

  • Former Greek finance minister says U.K. should not leave EU
  • U.K. wants to be in Europe's single market: ex-finance chief

Brits Can't Really Leave EU in 'Brexit:' Varoufakis

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The U.K. “can’t really leave’’ the European Union and the country wants to remain part of the EU single market even if it votes in favor of “Brexit” in June, former Greek finance minister Yanis Varoufakis said.

“Whatever our criticism might be of the European Union, we are under the spell of the ‘Hotel California’ dictum: you can check out any time you like, but you can never leave,” Varoufakis told Francine Lacqua in an interview Wednesday on Bloomberg Television.