Europe in its infinite wisdom decided to deal with this bankruptcy by loading the largest loan in human history on the weakest of shoulders … What we… - Yanis Varoufakis

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Europe in its infinite wisdom decided to deal with this bankruptcy by loading the largest loan in human history on the weakest of shoulders … What we’ve been having ever since is a kind of fiscal waterboarding that has turned this nation into a debt colony.

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About Yanis Varoufakis

Yanis Varoufakis (Greek: Γιάνης Βαρουφάκης, pronounced [ˈʝanis varuˈfacis]; born 24 March 1961) is a Greek-Australian economist. He is the former finance minister of Greece. Varoufakis was a member of the Hellenic Parliament for Athens B from January to September 2015; he regained a parliamentary seat in July 2019.

Also Known As

Native Name: Ιωάννης Βαρουφάκης Γιάνης Βαρουφάκης
Alternative Names: Ioannis Varoufakis Ioannis Georgiou "Yanis" Varoufakis
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Additional quotes by Yanis Varoufakis

So moving from the oligarchic ownership model, where you buy as many votes… and this is how you should think of shares; shares are votes! And they are the votes in the assemblies where serious decisions are made. The serious decisions are not made in the Houses of Parliament. They are not made in the Congress or the Bundestag. They are made in the boards of directors and the general assemblies of Goldman Sachs, of Volkswagen, of Google, and so on. This is where the big decisions are being made, the decisions that determine your life, as well as life on the planet. So these are the votes that count. And to say that there is a market for votes and the rich can buy them is the end of democracy... We have an oligarchy with elections and the elections are bought by the oligarchy.

Our view — that we’re not going to leave, and it’s up for the German government to leave, or to throw us out — is harder for them to deal with. The regime despised us because we neither want Grexit nor fear it. Our call unilaterally to implement perfectly moderate policies without fear or passion destabilized them. It was a danger to their system because of its widespread appeal....But things are also changing. In recent weeks, we have built strength among the trade unions, for instance among the electricity workers. They were betrayed by Syriza, who broke up and privatized the public energy company.... the cleaning workers in the public sector... bore the brunt of the troika’s assault against the poor...Social movements... need a political organization that allows them a voice beyond their specific localities... one that doesn’t dominate them. If they don’t have this, then they will be crushed by a new right-wing regime of a resurgent oligarchic right – one founded on.. the state of debt bondage until 2060 agreed with the creditors by Syriza...
Consider this, for instance: Syriza sold the railways for €43 million... they’d have got more money tearing up the rails and selling them as scrap metal. Or take gambling — Syriza enabled the deployment of thirty-five thousand poker machines by a private company, exploiting a bankrupt people with the fake promise of easy winnings. Even the Right’s privatizations were less deplorable than Syriza’s.

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