"Freshly out of the Greek Finance Minister’s chair, Yanis Varoufakis has declared that his German counterpart Wolfgang Schäuble wants to punish Greece – sacrificing it to reform the monetary union.
"In his article for
Die Zeit, Varoufakis said that the goal of the German finance minister is to '
discipline member states who opposed his very special plan to reform the eurozone by sharpening the social crisis in a controlled way.'
"Grexit proposed by Schäuble is therefore only a tool.
"One of the final aims of Schäuble is, according to Varoufakis, to supervise budget policy of the eurozone member states with a special structure which will be able to impose a veto on national budgets.
"The Greek ex-finance minister wrote that Schäuble and other hardliners had told him at his first meeting of eurozone finance ministers that '
elections change nothing.'
“'That infringes basic principles of western liberal democracy,' concluded Varoufakis. '
The consistency with which Dr. Schäuble advocates for a political union that contradicts the basic principles of a democratic federation is striking.'"
"Elections change nothing,"
Private bankers know better.
Core Europe should admit their money didn't go to lazy Greeks, but, rather, to bankers who had already been bailed out, and, despite a face-value haircut, ended up "earning" even more profit from Greek misery.
http://www.rt.com/business/273946-varoufakis-schauble-grexit-bailout/