Yanis Varoufakis. Former Greek Finance Minister: Massive IMF Bailouts are “Ponzi Austerity” Scheme via DemoctacyNow.Org
Aside Posted on
http://democracynow.org – As the White House is backing calls for Greece to continue to implement widespread austerity measures, we spend the hour with former Greek Finance Minister Yanis Varoufakis. Earlier this week, negotiations between Greece and international creditors hit an impasse over the bankers’ demands for extra austerity measures. The International Monetary Fund is demanding cutting Greek pensions and eliminating income-tax exemptions if Greece does not hit its budget targets. “Cutting down pension is not reform. It’s like confusing butchery for surgery,” says Varoufakis. He served as the Syriza party’s first finance minister after the left-wing party took power in 2015, after promoting an anti-austerity platform. He is in the United States promoting his new book, “And the Weak Suffer What They Must?: Europe’s Crisis and America’s Economic Future.” Earlier this year, he launched a new pan-European umbrella organization called Democracy in Europe Movement 2025, or DiEM25.
Democracy Now! is an independent global news hour that airs weekdays on nearly 1,400 TV and radio stations Monday through Friday. Watch our livestream 8-9AM ET: http://democracynow.org
Please consider supporting independent media by making a donation to Democracy Now! today: http://democracynow.org/donate