More results...

Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
Search in posts
Search in pages
Filter by Categories
NoAds
Uploads
Videos
Greek
New Video
Subtitled

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

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 suppose 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. The creditors are reportedly pressuring the country to restructure its labor market and curtail its pension system; Syriza has instead done the opposite by increasing pension payments to lower-wage workers. On Friday, eurozone finance ministers will decide whether to release emergency funds to Greece. Without the funds, Greece may default on its debt payments in coming weeks and put its membership in the eurozone at risk. We go to Athens to speak with Greek Finance Minister Yanis Varoufakis.

Leave a Reply

Your email address will not be published.