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Australia should ‘end servility to US’ and have independent China policy, Greek ex-minister says

  • Yanis Varoufakis says diplomacy is a ‘far better way’ for Canberra to engage with Beijing, and that the Aukus deal would ‘turbocharge a new Cold War’
  • In relation to China’s growing military base, Australia should only respond when there is real provocation, the former Greek finance minister adds

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Former Greek finance minister Yanis Varoufakis says Australia’s purchase of nuclear-powered submarines would only force “China’s political class to close ranks around an authoritarian core”. Photo: Shutterstock
Su-Lin Tanin Singapore
A year after the road map for Aukus nuclear-powered submarines was unveiled, a former Greek official has urged Australia to end its “servility” to the United States and rebuild its credentials as a country that “acts on its own”, including engaging with China towards peaceful cooperation.

Former Greek finance minister Yanis Varoufakis, who holds an Australian passport, said at the National Press Club in Canberra on Wednesday that a diplomatic approach would be a “far better way” of addressing Beijing’s “authoritarianism towards its own people” than buying nuclear-powered submarines, which would only force “China’s political class to close ranks around an authoritarian core”.

Varoufakis’ address comes one year after Australia, Britain and the United States unveiled the timeline for the delivery of nuclear-powered submarines to Australia, in an alliance aimed at countering China’s military threat. Expectations for the deal have since been dampened by news that Washington had planned to slow its submarine production.

President Joe Biden administration’s new defence budget has halved its submarine production to the construction of just one Virginia-class submarine in 2025, down from an anticipated two.
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This has raised questions over Washington’s ability to fulfil its commitment to sell Canberra up to five of the nuclear-powered vessels starting in the 2030s.

The US’ latest announcement was anticipated by Aukus critics, such as eminent Australian defence expert Hugh White, who have argued that Australia not only does not need these kinds of submarines, it was doubtful Washington would be able to deliver them.

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On Wednesday, former Australian leader Malcolm Turnbull told local media that the US was not going to sacrifice its own defence needs to meet Australia’s. “The Americans are not going to make their submarine deficit worse than it is already, by giving or selling submarines to Australia,” he said.

US President Joe Biden, Australian Prime Minister Anthony Albanese and British Prime Minister Rishi Sunak deliver remarks on the Aukus alliance in San Diego on March 13, 2023. Photo: Reuters
US President Joe Biden, Australian Prime Minister Anthony Albanese and British Prime Minister Rishi Sunak deliver remarks on the Aukus alliance in San Diego on March 13, 2023. Photo: Reuters
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