Creditors putting Greece in impossible position, Varoufakis says (Update)

[unhappycamper]

http://www.ekathimerini.com/4dcgi/_w_articles_wsite2_1_26/06/2015_551541



Creditors putting Greece in impossible position, Varoufakis says (Update)
Friday June 26, 2015

Demands for tax increases and pension cuts that Greece's creditors are setting as conditions for the disbursement of aid are putting the country in an impossible position, its Finance Minister said on Friday.

"I am against increasing the corporate tax, but then again I am against raising the tax on hotels and against cutting the pensions of people who live below the poverty line," Yanis Varoufakis said on Irish national radio RTE.

"These issues are putting me and my government in an impossible position, having to make a bad choice among really hard, difficult bad choices."

On Thursday, Greece again failed to clinch a cash-for-reforms deal with creditors, setting up a last-ditch effort on Saturday to avert a default next week or start preparing to protect the euro zone from financial turmoil.

[bemildred]

1. They want to make an example of you, Yanis. You have to know who you are dealing with here. nt

[unhappycamper]

2. If you can't pay the vig, the IMF/EU enforcers will kick you out of the EU.