Varoufakis in La Tribune: In the end Germany always pays

Varoufakis in La Tribune: In the end Germany always pays

Athens, January 21, 2015/ Independent Balkan News Agency

By Spiros Sideris

“We want to make proposals to Wolfgang Schäuble, he won’t be able to refuse”.

With the title: “Greece can force Europe to change,” the business newspaper La Tribune, in its online version, hosts an interview of economist and parliamentary candidate of SYRIZA in Athens B’, Yannis Varoufakis.

Speaking at the beginning of his relationship with Alexis Tsipras, Varoufakis says that for a long time I was not in SYRIZA. Since 2010, when analysis began to contradict the affirmations of politicians, and he argued that Greece was in bankruptcy, many were the politicians who approached him, he says. But from all of them, Alexis Tsipras was he who suggested the application of all of his proposals for the country, as there was a gradual approximation of their positions.

“When a leader proposes it to you, you cannot deny”, he notes, adding that it is not certain that his proposals will be implemented, as “the only sure thing in Greece is that nothing is certain, however when you have a chance you go for it”.

When asked what the proposals to the troika will be, Varoufakis replies:

“We will first ask for a deadline of 10-15 days to complete our project, which we want to be very detailed, and very thorough”.

This plan will be based on four pillars: The first will address the Greek debt. We want to make proposals to Wolfgang Schäuble, which he won’t be able to refuse.(…) The idea is that Europe should be our partner in development, and should not bet on our misery”.

The Greek economist continues by strongly criticising to the project of Juncker, but also to Mario Draghi:

“I cannot cease to be amazed by the stupidity of the project  (of Juncker). It’s like giving aspirin to a dead. Similarly, the quantitative easing of Mario Draghi is not a very good idea. Undoubtedly, it will feed bubbles to the financial markets(…) And if Mario Draghi wants to buy government debt, it will be more useful to do so in the secondary market of the European Investment Bank shares. It would be much more useful from the repurchase of the german debt”.

In the case of a refusal of Germany to these proposals, the economist responds that “whatever it says or does, Germany in the end always pays”.

“Why should we ask for Greece to borrow the German taxpayers’ money to repay the ECB, because it was once decided by Jean-Claude Trichet, the worst central banker in history?”, he wonders.