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Tag: Yanis Varoufakis

Greek Finance Minister Says Austerity Is Bad Medicine

Greece’s new left-wing, anti-austerity Syriza Party raises concerns over international creditors’ demands to restructure the country’s labor market and curtail its pension system in exchange for a new package of bailout funds scheduled for release Friday. Greek Finance Minister Yanis Varoufakis speaks with “Democracy Now!”

Posted on Apr 22, 2015 READ MORE



Greece Submits Reform Proposals and Warnings to Eurozone Creditors

Their country would stop cooperating with creditors if negotiations failed and aid was not forthcoming, government leaders said as they submitted a long-awaited list of 18 policy reforms to eurozone administrators.

Posted on Mar 28, 2015 READ MORE


German TV Sensationalized Greek Minister’s Flipped Bird, Says Cameraman

German media pounced this week on footage of Greek Finance Minister Yanis Varoufakis raising a middle finger for foreign debt managers during a presentation on his country’s debt crisis. The man who filmed the talk says the clip was taken out of context to divert public attention from the substance of the crisis.

Posted on Mar 18, 2015 READ MORE



Greece Can’t Do It Alone: Austerity Victims of the World, Unite!

For the anti-austerity struggle in Greece and elsewhere to become effective and sustainable, it must be raised from the national level to the international level.

Posted on Mar 6, 2015 READ MORE


Greek Finance Minister Varoufakis Wants Austerity ... for the Rich

“The finance ministers of Europe are not all in favor of balancing the budget if it has to be balanced by taxing the rich,” says economist Michael Hudson (not pictured) of the ongoing confrontation over the Greek debt crisis.

Posted on Feb 25, 2015 READ MORE



Scourge of the Greeks: German Finance Minister Wolfgang Schauble

After the financial troika triumphed over the Greek government in debt negotiations last week, Germany’s veteran minister “indulged himself with some patronizing comments,” observed economics correspondent Phillip Inman at The Guardian.

Posted on Feb 22, 2015 READ MORE



Troika Deal Drives Greece Back Toward Austerity

“The rightwing orthodoxy that dominates thinking in Brussels has asserted itself over the hapless Greeks,” writes economics correspondent Phillip Inman at The Guardian.

Posted on Feb 21, 2015 READ MORE



Is Syriza in Retreat?

Greece’s anti-austerity party has declared itself willing to sign the leaked “Moscovici document,” which a central committee member says defangs the Greek government in its struggle against its creditors.

Posted on Feb 19, 2015 READ MORE


With Greece and Eurozone Creditors Far Apart, Bailout Talks Collapse

Eurozone finance ministers have designated Friday as the deadline for the country to accept yet another austerity-filled deal, but Greek Finance Minister Yanis Varoufakis has made it clear he will not rest until an “honorable agreement” is negotiated. 

Posted on Feb 17, 2015 READ MORE



NYT Criticizes Syriza Finance Minister, Gets It Wrong

The New York Times fell on its face when it suggested that Greek Finance Minister Yanis Varoufakis (pictured here) did not understand the basic debt dynamics of his country, writes Andy Robinson at Fairness & Accuracy in Reporting.

Posted on Feb 14, 2015 READ MORE



Truthdigger of the Week: Yanis Varoufakis

The Syriza finance minister confirmed his party’s intentions to fight EU oppression by refusing to negotiate with representatives of Greece’s “hated troika of lenders.”

Posted on Jan 31, 2015 READ MORE


‘We Are Going to Destroy the Greek Oligarchy System’

Yanis Varoufakis, tipped to become finance minister of what may become Greece’s leading party, describes what Syriza will do if it takes power.

Posted on Jan 25, 2015 READ MORE



Greek Austerity: Don’t Try This at Home!

Ironically, the very New Deal legacy that austerians work to euthanize in the U.S. is the chief thing that has prevented the country’s economy from completely crashing.

Posted on Feb 28, 2014 READ MORE



Can the Internet Democratize Capitalism?

Democracy requires a great deal more than “leveling.” It requires political institutions that enable the economically weak to have a decisive say on policy against the interests of the rich and powerful.

Posted on Feb 22, 2014 READ MORE



btckeychain (CC BY 2.0)

Bitcoin and the Dangerous Fantasy of ‘Apolitical’ Money

The crash of 2008 infused our societies with enormous skepticism of government and central bank authority. Naturally, many dream of a currency that politicians and bankers cannot manipulate. Bitcoin has emerged as the great white hope of something of the sort. Alas, that hope is false.

Posted on Dec 26, 2013 READ MORE


The Impracticality of Bitcoin

The presently unregulated digital currency has libertarians and currency speculators in a tizzy over the possibility of making a lot of money in a short time. Greek political economist Yanis Varoufakis tells RT whether there is any reason to believe Bitcoin, currently valued at $900, is practical for use by ordinary people and sustainable as a means of exchange overall.

Posted on Dec 23, 2013 READ MORE


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