Yanis Varoufakis: 'I prefer to cut my arm off' than agree to the current deal
REUTERS/Yves Herman
Asked if he'd sign bailout proposals that didn't include a restructuring of Greece's debts, he replied: "I prefer to cut my arm off."
"So that's a pretty big red line then," replied the interviewer.
You don't say.
Varoufakis' unequivocal refusal to agree to another "extend and pretend" bailout deal, as he calls them, explains why he's promised to resign as finance minister if Greeks vote in favour of the current proposals in Sunday's referendum.
In the Bloomberg interview, he also explained why he's so frustrated with the Eurogroup's refusal to let Greece restructure its debts, which even the International Monetary Fund has admitted are unsustainable.
Varoufakis said: "We're a radical left party who's making proposals that any bankruptcy lawyer in New York would sign up to in a jiffy."
Greeks go to the polls on Sunday to vote on whether the country should accept the current bailout deal offered by the Eurogroup. If they do back it, Varoufakis promised Syriza would sign up. You can see more of his comment here.
- I spent 2 weeks in India. A highlight was visiting a small mountain town so beautiful it didn't seem real.
- I quit McKinsey after 1.5 years. I was making over $200k but my mental health was shattered.
- Some Tesla factory workers realized they were laid off when security scanned their badges and sent them back on shuttles, sources say
- Stock markets stage strong rebound after 4 days of slump; Sensex rallies 599 pts
- Sustainable Transportation Alternatives
- 10 Foods you should avoid eating when in stress
- 8 Lesser-known places to visit near Nainital
- World Liver Day 2024: 10 Foods that are necessary for a healthy liver