might as well have sung swedish anthem
Last Updated : GMT 13:46:32
Arab Today, arab today
Arab Today, arab today

Outgoing Greek Minister Yanis Varoufakis:

Might as well have sung Swedish anthem

Arab Today, arab today

Arab Today, arab today Might as well have sung Swedish anthem

Outgoing Greek Finance Minister Yanis Varoufakis
Athens - Arab Today

Yanis Varoufakis said in an interview about the reasons for his surprise resignation as Greek finance minister that whenever he tried "to engage in economic arguments" with his eurozone colleagues, all he got was "blank stares".

"You might as well have sung the Swedish national anthem -– you'd have got the same reply," Varoufakis told the New Statesman magazine as he summed up five months of tense talks with his 18 peers to secure a new bailout.

"There was no engagement at all. It was not even annoyance, it was as if one had not spoken."

The outspoken economist, who clashed repeatedly with Greece's creditors during the talks over a debt rescue, announced his resignation a day after the Syriza-led government won the backing of 61 percent of voters in a July 5 referendum on rejecting creditors' bailout terms.

At the time, he said his departure would help Prime Minister Alexis Tsipras reach a deal with European leaders to stop Athens going bust and crashing out of the eurozone.

But he told the British weekly he relinquished his portfolio after being marginalised within the government over his plot to fight back against the European Central Bank.

He said was outnumbered in the Greek government's inner cabinet by two to four over a three-stage plan.

Varoufakis said he had proposed issuing euro-denominated IOUs, applying a "haircut" to Greek bonds issued to the European Central Bank in 2012, and taking control of the Bank of Greece.

"This was the triptych, the three things, which I thought we should respond with if the ECB shut down our banks," Varoufakis told the New Statesman.
"The referendum gave us an amazing boost, one that would have justified this type of energetic response against the ECB," he added. But he failed to convince Tsipras to follow suit.

The interview was conducted just before Tsipras on Monday morning finally agreed a eurozone bailout deal after marathon 17-hour talks, requiring the Greek parliament to approve a raft of market-friendly measures in the coming days.

Offering more insights into this year's eurozone squabbling, Varoufakis said German Finance Minister Wolfgang Schaeuble dominated "completely and utterly" the Eurogroup of eurozone finance ministers.

"It is all like a very well-tuned orchestra and he is the director," Varoufakis said.

"Only the French finance minister [Michel Sapin] has made noises that were different from the German line, and those noises were very subtle... the French FM in the end would always fold and accept."

Varoufakis, who spent Friday with his family instead of voting in parliament to authorise fresh negotiations between Tsipras and the country's creditors, said he was relieved to no longer be part of the government.

"I'm feeling on top of the world -- I no longer have to live through this hectic timetable, which was absolutely inhuman, just unbelievable. I was on two hours sleep every day for five months," Varoufakis said.

"I'm also relieved I don't have to sustain any longer this incredible pressure to negotiate for a position I find difficult to defend."
Source: AFP

arabstoday
arabstoday

GMT 12:51 2017 Wednesday ,08 November

Al Walwel says Palestinian people able

GMT 22:32 2017 Tuesday ,07 November

UK queen's offshore investments

GMT 19:27 2017 Monday ,30 October

Govt committed to economic reform

GMT 17:50 2017 Wednesday ,18 October

UK Brexit budget offer is 'peanuts'

GMT 07:18 2017 Monday ,09 October

takes eurozone farewell bow

GMT 15:08 2017 Sunday ,08 October

Deutsche Bank plots more moderate

GMT 16:07 2017 Saturday ,07 October

Saudi companies invest in liquefied gas

GMT 21:52 2017 Tuesday ,03 October

Saudi , Russia to set up $1bn energy fund
Arab Today, arab today
Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

might as well have sung swedish anthem might as well have sung swedish anthem

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

might as well have sung swedish anthem might as well have sung swedish anthem

 



Arab Today, arab today
Arab Today, arab today Jordanian woman reveals her project

GMT 00:46 2017 Saturday ,11 November

Jordanian woman reveals her project
Arab Today, arab today Japanese regulators raid Airbnb

GMT 00:44 2017 Monday ,20 November

Japanese regulators raid Airbnb
Arab Today, arab today Keep kids busy at Thanksgiving gatherings

GMT 11:14 2017 Friday ,10 November

Keep kids busy at Thanksgiving gatherings
Arab Today, arab today Saudi, Bahrain target Iran

GMT 00:48 2017 Monday ,20 November

Saudi, Bahrain target Iran
Arab Today, arab today Europe turns on Facebook, Google

GMT 02:26 2017 Monday ,20 November

Europe turns on Facebook, Google
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Australian academic's book pulled

GMT 15:20 2017 Monday ,13 November

Australian academic's book pulled
Arab Today, arab today May under Brexit pressure at EU reform summit

GMT 02:14 2017 Saturday ,18 November

May under Brexit pressure at EU reform summit
Arab Today, arab today Delhi half-marathon to go ahead

GMT 03:51 2017 Saturday ,18 November

Delhi half-marathon to go ahead
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Driverless, electric future just round

GMT 02:45 2017 Monday ,20 November

Driverless, electric future just round
Arab Today, arab today Tesla unveils its all-electric semi truck

GMT 02:59 2017 Saturday ,18 November

Tesla unveils its all-electric semi truck
Arab Today, arab today Mona Abdel Ghany increased artistic activities

GMT 12:15 2017 Friday ,17 November

Mona Abdel Ghany increased artistic activities
Arab Today, arab today paObama climate envoy slams Trump's rejection

GMT 16:04 2017 Friday ,17 November

paObama climate envoy slams Trump's rejection

GMT 12:22 2017 Thursday ,16 November

Hanan Metawe denies apology for “Major Treason”

GMT 11:15 2017 Thursday ,16 November

Angola oil boss sacked by father's protege

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation

GMT 11:38 2017 Wednesday ,15 November

Unloved vultures fight for their survival

GMT 11:49 2017 Thursday ,17 August

Egyptian artist presents new collection of designs

GMT 02:28 2017 Saturday ,18 November

Anti-drug operation nets 4 tonnes

GMT 01:34 2017 Friday ,17 November

Banyan Tree Phuket Takes Festive Season

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday