A man in debt is so far a slave.
– Ralph Waldo Emerson
The one silver lining to emerge from Yanis Varoufakis’ resignation as Finance Minister of Greece, is his ability and willingness to come out and bluntly tell everybody the truth about what happened behind closed doors as Greece was put into conservatorship.
I highlighted one example of this last week in the post, Everything You Need to Know About the Greek Crisis and ECB Fascism in Two Paragraphs, in which we learned that:
Varoufakis said that Schäuble, Germany’s finance minister and the architect of the deals Greece signed in 2010 and 2012, was “consistent throughout”. “His view was ‘I’m not discussing the program – this was accepted by the previous [Greek] government and we can’t possibly allow an election to change anything.
“So at that point I said ‘Well perhaps we should simply not hold elections anymore for indebted countries’, and there was no answer. The only interpretation I can give [of their view] is, ‘Yes, that would be a good idea, but it would be difficult. So you either sign on the dotted line or you are out.’”
In his latest revelation, Mr. Varoufakis explains how the “Troika” rejected his proposal for the privatization of certain Greek public assets in favor of the draconian one which was ultimately agreed to.
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