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Former Greek finance minister Yanis Varoufakis says EU deal is a 'new Treaty of Versailles’ | News | The National
THE bailout deal forced upon Greece by its eurozone creditors was dubbed “a new treaty of Versailles” last night by the country’s former finance minister. [...] the deal comes with years of enforced austerity and privatisation of state assets. Yanis Varoufakis, who quit last week after falling out with his European counterparts, spoke of the “politics of humiliation”. He said the lenders were taking revenge on prime minister Alexis Tsipras. “It is an impossible deal,” he added. “A deal that is simply not viable.” [...] “This has nothing to do with economics. It has nothing to do with putting Greece back on the rails towards recovery. This is a new Versailles Treaty that is haunting Europe again, and the prime minister knows it. He knows that he’s damned if he does and he’s damned if he doesn’t.” [...] “It’s not that it didn’t go down well – there was point-blank refusal to engage in economic arguments. Point blank.
Yanis  Varoufakis  2015  Alexis  Tsipras  Syriza  Greece  Troika  Eurogroup  austerity  ideology  dogma  Angela  Merkel  IMF  Wolfgang  Schäuble  Career  Politicians  political  economy  political  science  political  theory  political  folly  political  error  economic  history  ChristineLagarde  MarioDraghi  ECB  No  Representation  European  European  Union  fiscal  policy  sovereign  debt  crisis  debt  restructuring  debt  jubilee  debtoverhang  sustainability  sustainable  bailout  zombie  banks  greatdepression  Great  Depression  Leadership  humility  Failure  insanity 
july 2015 by asterisk2a

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