PressTV: Finance minister: Euro will collapse if Greece forced out . . . and so the game begins. . . seems to me much of the news today is indicating that ‘reality’ is beginning to arrive on the scene . . . ~J

File image of Greece's Finance Minister Yanis Varoufakis.

File image of Greece’s Finance Minister Yanis Varoufakis.

The Greek finance minister has warned that the euro will collapse if his country is forced out of the currency bloc.

“The euro is fragile, it’s like building a castle of cards, if you take out the Greek card the others will collapse.” Yanis Varoufakis said in an interview with Italian state television network RAI.

He also warned that the euro zone risks fragmentation and de-construction unless it accepts the fact that Greece is not able to pay back its debt under the current conditions.

“I would warn anyone who is considering strategically amputating Greece from Europe because this is very dangerous,…Who will be next after us? Portugal? What will happen when Italy discovers it is impossible to remain inside the straitjacket of austerity?,” the Greek finance minister asked.

The new anti-austerity government would propose a new deal for Europe like the one enacted in the United States in the 1930s, Varoufakis was quoted as saying.

He also described EU’s austerity policies as “counterproductive” and said such move will spread hatred of European democracy.

Meanwhile, Greece’s new Prime Minister Alexis Tsipras, who stormed to power back in January, announced that his country needs a bridge loan rather than an extended bailout.

Addressing parliament on Sunday, he also promised to cut bureaucratic spending and vowed to stick to all its pre-election pledges.

The new government has started rolling back austerity measures. The eurozone country’s debt stands at over €320bn.

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3 Responses to PressTV: Finance minister: Euro will collapse if Greece forced out . . . and so the game begins. . . seems to me much of the news today is indicating that ‘reality’ is beginning to arrive on the scene . . . ~J

  1. LHay says:

    I want freedom for the Greek people. But, every crisis and legal challenge everywhere in the world is beginning to look like pawns, like fodder, for the Derivatives market to buy and sell. Every situation can create “bonds” or “securities” for the global money market. Think of how many “bets” might have been placed for all the different possibilities for Greece! Each one worth MONEY to win or loose a fortune!
    There are those creating and orchestrating upsets and disasters so that the International money market has commodities to sell as derivatives. Otherwise, there aren’t enough resources in this world to satisfy the world money market, the largest CASINO that ever existed.
    Is Greece’s Finance Minister Yanis Varoufakis for the Greek people, or is he there to orchestrate the “GREEK COMMODITY” and which “DERIVATIVES” WIN?

  2. vlad says:

    I HOPE NOT !!!!!!!!!!!!!!!!!!!!!!!!!!!! I hope this is not the new TROJEN HORSE
    Fifth PAR from the bottom
    The new anti-austerity government would propose a new deal for Europe,like the one enacted in the United States in the 1930’s Varoufakis was quoted as saying.
    In 1933 president FDR stold the peoples gold and signed documents which were Bankrupcy of the
    United States giving more power to the calbla even though the USA was being operated under
    a fraudulent 2 nd Consitution since 1871.
    I hope this guy Varoufakis is not a trojen horse, I think I read that this guy worked for one of the big banks on wall st. when to school in England and the US.
    If this is any thing like FDR’s give away he is not only selling grecce but the entire Europe,
    down the river.

    vlad

  3. Pingback: Greece and EURO -

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