Greece’s New FinMin Explains “This Is What Happens When You Humiliate A Nation & Give It No Hope”!

[youtube=https://www.youtube.com/watch?v=QRCO8SK_iCg]

• Who has all the cards and a strong hand? Greece or the troika (EU, IMF and ECB)? IMO, Greece has all the cards. They have nothing to lose. They are already in austerity hell for the past 5 years. If the troika do not give in: Greece can simply say Adios Amigos. There is no way they can repay back their debts. Default is inevitable. The strategy (of the troika) that they should keep borrowing money to bailout the European TBTF banks is NONSENSE. You cannot solve a debt problem with more debts.
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• The new Greek government are already prepared to shift economic and financial allegiance to the Russians ie. BRICS alliance. The end of the Eurozone is at hand!
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• Greece’s New FinMin Explains “This Is What Happens When You Humiliate A Nation & Give It No Hope”! 
  by Tyler Durden, www.zerohedge.com
  “This is not blackmail,” explains new Greek Finance Minister Yanis Varoufakis, “we simply want to end this seemingly never-ending Greek Crisis.” In what must be worryingly calm and simple to comprehend words for Brussels, Varoufakis tells CNBC’s Michelle Caruso-Cabrera, “this is what happens when you humilate a nation and don’t give it any hope.” Carefully noting that membership in the Euro is not imperative, Varoufakis concludes “bankruptcy cannot be dealt with by borrowing more,” asking rhetorically, “how can I look the German and Finnish taxpayer in the eye and tell them you know I can’t really pay you the money I have already borrowed from you…” but lend me more so I can pay back the ECB?
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  As Varoufakis explains, he believes Europe is willing to negotiate haircuts – anything else appears a waste of time.

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