Amy Goodman
@DemocracyNow·3.2M subscribers·19.4K videos
“We Were Elected to Say No to the Creditors”: Varoufakis on Resigning as Greek Finance Minister
Posted
April 28, 2016
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13:39Now PlayingThe International Monetary Fund is demanding additional austerity measures from Greece if it does not hit its budget targets. It’s the latest impasse in years of fierce political clashes between Greece and international creditors. We are joined by a man who had a frontrow seat to these battlesthe former Greek finance minister for the antiausterity Syriza party, Yanis Varoufakis. In his new book, "And the Weak Suffer What They Must?Europe’s Crisis and America’s Economic Future," he describes how he helped lead Greece’s battle against European Central bankers and a historic referendum in which Greeks resoundingly voted down austerity. But only days after the "no" vote, he resigned. Varoufakis elaborates on the resignation statement he issued last July, when he wrote, "Soon after the announcement of the referendum results, I was made aware of a certain preference by some Eurogroup participants, and assorted 'partners', for my … 'absence' from its meetings; an idea that the prime minister judged to be potentially helpful to him in reaching an agreement. For this reason I am leaving the ministry of finance today." He famously said at the time, "I shall wear the creditors’ loathing with pride."
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