by Pater Tenebrarum, Acting-Man.com:
An Interview with Yanis Varoufakis
The UK television station Channel 4 interviewed Greek ex-finance minister Yanis Varoufakis on the referendum one day before the vote tool place, giving him an opportunity to clarify the Greek government’s position. The interview can be seen below and is well worth checking out, not least because the reporter isn’t soft-balling, but is confronting Varoufakis with his opposition’s talking points.
So essentially it boils down to: even though the offer of the creditors and that presented by Alexis Tsipras two days earlier were only a smidgen apart, the negotiations were scuppered because no agreement could be struck regarding a debt restructuring. Varoufakis says he believes that the surge in payments the Greek government would face in 2022 represents a hindrance to investment. He’s no longer insisting on a haircut (knowing it is politically impossible), but wants the repayments stretched out even further.
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