Yanis Varoufakis: Grim prospects for Greece

‘It [Greece] was the first and flimsiest economy to betray the common secret that our Eurozone project was badly flawed.’

Facts and an outlook regarding Greece. In short: no bail-out can save Greece and ‘Greece defaulted twice already and will be defaulting a third time – since the reduction in interest rates coupled with the extension of the repayment period is an effective haircut of its debts to the troika.’

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