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Varoufakis: Spain is Next to Drown in Debt After Greece

varoufakis-800x450Greece’s former finance minister Yanis Varoufakis said that the third bailout creditors offered was really meant to drown Greece in debt in order to divert attention from other EU problems.
Varoufakis spoke to Spain‘s El Pais and claimed that the reforms imposed on Athens by the European commission, the European Central Bank and the International Monetary Fund are “going to fail.”
“The third package will not work because it was initially designed to divert attention from the problems other EU countries are facing, not to save Greece. To lend it money only to drown it in debt… The German Finance Minister Wolfgang Schaeuble wants to reconstruct the Eurozone, and pushing Greece out is only part of this plan,” Varoufakis said.
“The main goal is to deprive the European Commission of its right to handle budgetary issues and set up some observatory fiscal body that would force EU states to draw up their budgets the way the troika deems right… He wants the troika to dictate its terms where it has not been invited yet: in Madrid, Rome and above all in Paris. Greece is just a pawn on their chessboard,” the ex-minister added.

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