Eurozone is Toast in Two Years Unless it Reforms Euro says New Greek Finance Minister

So what does the Greek power change mean for France as a leading member of the eurozone? Listen to Yanis Varoufakis, the new Greek Finance Minister spell it out, the eurozone he says is toast in two years unless it reforms….

Yanis  Varoufakis Greek Finance Minister (Credit Wikipedia copyright but free to use)

Yanis Varoufakis Greek Finance Minister (Credit Wikipedia copyright but free to use)

“We are witnessing”, writes Ambrose Evans Pritchard; “a democratic revolution. Never before have the EMU elites had to face a eurozone government that refuses to play by any of their rules, and they have yet to experience the lascerating tongue of Yanis Varoufakis, a relentless critic of their 1930s ideology of debt-deflation and ‘fiscal waterboarding’ … it is hard not to feel a welling sympathy for this popular revolt. If it takes a neo-Marxist like Alexis Tsipras to confront the elemental folly of EMU crisis strategy, so be it… Mr Varoufakis has vowed to smash the ‘rent-seeking’ kleptocracy that enjoys legal tax immunity and have turned state procurement into an enrichment scam. ‘We will destroy the bases which they built for decade after decade,’ he said”.

Watch the new Finance Minister spell it out below:

“We are going to destroy the Greek oligarchy system” – Yanis Varoufakis, Syriza’s new finance minister, tells Channel 4 News’ Paul Mason what they will do and admits the prospect of power in Europe is “scary”.

Listen below to his interview with the Australian Broadcasting Corp’s Phillip Adams on Late Night Live, where the finance minister suggests that Europe’s Left and Right could benefit from the catalyst for change that the Greek election represents, and promises his party, beholden only to Greek voters, will call a spade a spade at all times:

Click on link below an mp3 player opens in new window:

Before he became Greek Finance Minister, Yanis Varoufakis wrote a prolific blog on Greece, the Eurozone and the ‘suicidal’ approach to ‘resolving’ Europe’s ongoing sovereign debt crisis.

Below are links to some of his articles republished with his permission in French News Online:
The EU and Its Dirty War for Survival
Euro Crisis Alive, Well and Still a Threat
Euro Survival – Ponzi Growth vs Ponzi Austerity
Mitterrand Warned Delors In 1993 That Eurozone Collapse Lay Ahead – Claims New Book


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