From the horse's mouth - Yanis Varoufakis on the EU ultimatum

Can anyone imagine ANY minister of finance (or politician for that matter) in the West giving an interview like this? 

Can anyone imagine anyone in the NZ media runnign an interview like this?

Yanis Varoufakis makes it clear that the EU put a an ultimatum to them - ether accept our proposal (that will destroy Greece) or we will close down your banks on Monday.

It was also made clear that the EU do not like democracy very much.

HIGHLY recommended

Why a NO vote in the Referendum is a Yes for a proud Greece in a Decent Europe

Yanis Varoufakis talking with Phillip Adams, on LNL ABC Radio National

01:06

13:52

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To hear interview GO HERE

Late Night Live has been a daily companion of mine since 1989. Phillip Adams, its presenter, is someone I consider a friend (he, in fact, interviewed me in 1991 on the… Greek crisis!). In this (yesterday’s) program he added a touch at the very end of the interview that made me (almost) to break down. Thanks Phillip.

---Yanis Varoufakis

See the ABC article HERE 

Yanis Varoufakis:

Why we recommend a NO in the referendum – in 6 short bullet points

Yanis Varoufakis,

1 July, 2015

• Negotiations have stalled because Greece’s creditors (a) refused to reduce our un-payable public debt and (b) insisted that it should be repaid ‘parametrically’ by the weakest members of our society, their children and their grandchildren

• The IMF, the United States’ government, many other governments around the globe, and most independent economists believe — along with us — that the debt must be restructured.

• The Eurogroup had previously (November 2012) conceded that the debt ought to be restructured but is refusing to commit to a debt restructure

• Since the announcement of the referendum, official Europe has sent signals that they are ready to discuss debt restructuring. These signals show that official Europe too would vote NO on its own ‘final’ offer.

• Greece will stay in the euro. Deposits in Greece’s banks are safe. Creditors have chosen the strategy of blackmail based on bank closures. The current impasse is due to this choice by the creditors and not by the Greek government discontinuing the negotiations or any Greek thoughts of Grexit and devaluation. Greece’s place in the Eurozone and in the European Union is non-negotiable.

• The future demands a proud Greece within the Eurozone and at the heart of Europe. This future demands that Greeks say a big NO on Sunday, that we stay in the Euro Area, and that, with the power vested upon us by that NO, we renegotiate Greece’s public debt as well as the distribution of burdens between the haves and the have nots.