Varoufakis: Greeks blackmailed to vote 'yes'

Greek Finance Minister Yanis Varoufakis says the Eurogroup has failed miserably and they have "blackmailed" Greeks into voting "yes".

[eyess]

Proud to be a Varoufakis fan!
Bring him Back!

[miketimder]

From the moment he quited Greece is once again a colony

[KARABNAS]

Yanis Varoufakis speaks the language logic. The problem is that all idiotic in nature loan sharks want to get their money back at the cost of stability of the monetary zone. But the problem is that they just want the money like blind vampires.
 A country under ongoing recession cannot pay back and on top of that a gradual social chaos is the only byproduct of this recession. Development is the wise line of thinking to follow which promotes a stable and strengthen Greek economy and in the big picture a stronger European monetary zone. Growth ensures profits and increased likelihood the money to be paid back.

[epafos]

Previous greek governments of the past five years were implementing austerity programs demanded by creditors. Those programs trapped the greek economy into recession and worsened the debt-to-GDP ratio. What is more, the bailout programs put the burden on the weakest part of the population, preserving the tax immunity of the rich.

The current greek government proposed a plan which included a 12% tax on the profit of corporations with annual net income of €500, 000 or higher. This was rejected by the institutions, which instead demanded further cuts on the lowest of pensions.

[mariettestabel]

Brilliant and honest Mind. Thank You Mr.Varoufakis.
2015-2025.
Support for Diem25.

[SomethingImpromptu]

I am so glad that the comment section reflects how awesome Varofaukis is and how obnoxious the interviewer is. Yannis Varofaukis is brilliant. If this guy was finance minister in a period of non-crisis, he would've done some really amazing things.

[tinaalexiou]

Varoufakhs is the stuff Bond movies are made out of.

[poolsideprofessionalservic]

Varofakis is very sharp and owns this interview; despite the belligerent line of questioning. This Greek administration has been daring and has captured the imagination of the entire world of finance.

What we have seen throughout this Grexit episode is the rise of Germany not only as the economic powerhouse that it is, but also emerge as the barometer for EU social policy... Ultimately, when finances become so dire, the issues become purely social.

Given to emotions like fear, trust, and a desire for a better future within the existing framework, other marginal EU states will hesitate or not act all as Greece has acted. This will provide an overall stability in the EU for years to come. There even appears to be a 'let's make an example out of Greece' aspect to this debate. However, if all of the marginalized EU states aired their grievances simultaneously, the effect would be catastrophic.

[carolcheny]

I can see why Greece's PM didn't want to deal with this man because he's lecturing and combative.

[alexkossagian]

Varoufakis is not really a Finance Minister, but a bankruptcy trustee. . .The grim truth is that Greece has already defaulted on all the bonds by extending the debt terms and reducing the interest rates. . .Any investor who got the extend and pretend terms on loans made like the Greeks have now . . would have to write down the loans' value anyway.  The German government is willing to starve the Greek people than own up to a loss that has already happened  The German banks are extending the misery and pretending they did not make any mistakes. . ... . .Poor Yanis is stuck trying to pull the balloon payments and the fake numbers out of the payment schedule. . .It's a pity that he didn't really shoot the German banks the finger and formally default. . .it could not be worse than it is now. ..

[carolcheny]

HE is coming out to do 10 interviews a day cuz he's losing the liars poker. He thought global financial markets would crash and burn by now, and that's not happening. Gig is up.

[rnegoro]

If Greeks exit and DON'T pay their debts, dont even think it will be over that soon. 
1. Public distrust of Drachma  and the greek government -> bad liquidity.  There is no guarantee, it'll be better outside the euro. Just look at Argentina, a very good example. On the other hand, if you stick to austerity, then you'll take a hit (pay your debt), but you still have some credibility. Like paying a What this guy is suggesting is like a debtor who doesn't wanna pay his debts, and just keeps borrowing and threatening to not pay back if you don't lend him.