As it happened – Yanis Varoufakis’ intervention during the 27th June 2015 Eurogroup Meeting

29 06 2015

Yanis Varoufakis

The Eurogroup Meeting of 27th June 2015 will not go down as a proud moment in Europe’s history. Ministers turned down the Greek government’s request that the Greek people should be granted a single week during which to deliver a Yes or No answer to the institutions’ proposals – proposals crucial for Greece’s future in the Eurozone. The very idea that a government would consult its people on a problematic proposal put to it by the institutions was treated with incomprehension and often with disdain bordering on contempt. I was even asked: “How do you expect common people to understand such complex issues?”. Indeed, democracy did not have a good day in yesterday’s Eurogroup meeting! But nor did European institutions. After our request was rejected, the Eurogroup President broke with the convention of unanimity (issuing a statement without my consent) and even took the dubious decision to convene a follow up meeting without the Greek minister, ostensibly to…

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30 06 2015
Mark

One of the reasons Greece went down so bad was the repackaging of the debt they already had into what I call suicide loans.
Those in power at the time should be held accountable for what basically amounted to treason.

But it doesn’t help that a lot of Greeks do not pay their taxes, if the reports are accurate.

But again the little people are the ones bearing the brunt of the crisis, not the bankers and politicians who created the mess.

30 06 2015
Idiocracy

“But it doesn’t help that a lot of Greeks do not pay their taxes”

Au contraire… the less money that’s pumped into the global financial ponzi scheme the sooner it’s inevitable collapse is realised.

The longer we delay, the worse it will be…

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