Amy Goodman
@DemocracyNow·3.2M subscribers·19.4K videos
Former Greek Finance Minister: Massive IMF Bailouts are "Ponzi Austerity" Scheme
Posted
April 28, 2016
Views
13,998
Likes
246
Comments
40
Engagement
2.04%
April 28, 2016
13,998
246
40
2.04%
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11:19Now PlayingAs 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 incometax 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 leftwing party took power in 2015, after promoting an antiausterity 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 panEuropean umbrella organization called Democracy in Europe Movement 2025, or DiEM25.
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