Saturday, July 18, 2015

Greece debt crisis: reforms will fail, says ex-finance minister Yanis Varoufakis

Yannis Varoufakis

Saturday 18 July 2015 

Economic reforms imposed on Greece by creditors are going to fail, according to the country’s outspoken former finance minister.

Yanis Varoufakis told the BBC that Greece was subject to a programme that will “go down in history as the greatest disaster of macroeconomic management ever”.

He insisted Tsipras did not fire him from his role as finance minister. “He didn’t get rid of me,” he said.

“Alexis Tsipras at some point decided that his government, our government, was at gunpoint [by the criminal gangsters of Angela Merkel]. We were given a choice between being executed and capitulating and he decided that capitulation was the optimal strategy.

“We’re completely united in lambasting the highly undemocratic and economically irrational policies of the European Union  towards the [Greek] government.”

Source: The Guardian

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