Greece’s Rock-Star Finance Minister Yanis Varoufakis Defies ECB’s Drachma Threats!
- Greece’s rock-star finance minister Yanis Varoufakis defies ECB’s drachma threats!
by Ambrose Evans-Pritchard, http://www.telegraph.co.uk/ , 3 Feb 2015
‘I will tell Mr Schäuble that we may be a Left-wing riff-raff but he can count on our Syriza movement to clear away Greece’s cartels and oligarchies,’ says Yanis Varoufakis
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Greece’s finance minister has denounced eurozone threats to cut off funding for Greek banks later this month as political intimidation, warning in fiery language that his country’s democratic revolution will not be crushed into submission.
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Yanis Varoufakis, the emerging rock-star of Europe’s anti-austerity uprising, said the European Central Bank is straying into murky waters by openly stating that it may cease to act as lender-of-last resort for the Greek financial system.
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“These threats are perfectly illegitimate. They are trying to asphyxiate us with arbitrary deadlines,” he told The Telegraph during a lightning tour of EU capitals to drum up support.
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A string of ECB officials have said in recent days that the institution would no longer accept Greek debt as collateral in exchange for loans after February 28, if Greece refuses to cooperate with the EU-IMF troika and walks away from its bail-out deal.
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