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Greece’s Yanis Varoufakis: The Medicine of Austerity Is Not Working, We Need a New Treatment


#1

Greece’s Yanis Varoufakis: The Medicine of Austerity Is Not Working, We Need a New Treatment

Democracy Now!

With the debt clock ticking, Greece is fast running out of money. The country has ordered all state bodies to place their cash reserves in the nation’s central bank, the Bank of Greece, as it struggles to stay afloat. Greece is supposed to receive the last installment of its bailout funds from European creditors, but the country’s new leftist, anti-austerity Syriza party has expressed concerns about its terms.


#2

Yanis Varoufakis is exactly right about Greece’s economic position as he stated to Democracy Now’s Amy Goodman. For Americans it is a great opportunity to look back at out situation in 1929. If the IMF were a better, more liberal organization, one that represented a true democratic society, it would step in to help Greece without the silly austerian demands of the financial sector. Financialization of everything; the end of egalitarian democracy…


#3

The Vampire Squid hath spoken!