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marmar

(77,073 posts)
Sun Jul 19, 2015, 08:14 AM Jul 2015

Greece debt crisis: Reforms 'will fail' - Varoufakis


(BBC) Former Greek Finance Minister Yanis Varoufakis has told the BBC that economic reforms imposed on his country by creditors are "going to fail", ahead of talks on a huge bailout.

Mr Varoufakis said Greece was subject to a programme that will "go down in history as the greatest disaster of macroeconomic management ever".

The German parliament approved the opening of negotiations on Friday.

The bailout could total €86bn (£60bn) in exchange for austerity measures.

In a damning assessment, Mr Varoufakis told the BBC's Mark Lobel: "This programme is going to fail whoever undertakes its implementation." ......................(more)

http://www.bbc.com/news/world-europe-33578778




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