Sunday, February 8, 2015


Greece's finance minister spoke to ECB chief Mario Draghi in Frankfurt (Source: Getty)
In return, Mr Varoufakis assured German voters his government would seek to dismantle the "cronyism and corruption" that has held back the country for decades.
"Germans have to understand that it doesn’t mean we’re turning away from the reform path if we give an additional €300 a year to a pensioner living on €300 a month. When we talk about reforms, we should talk about cartels, about rich Greeks who hardly pay any taxes."
The finance minister ruled out any plea for financial aid from Russia, and called on the German Chancellor to put forward a "Merkel Plan" based on the post-war Marshall loans granted by the United States to rehabilitate Germany after the war.
"I believe the EU would benefit if Germany conceived of itself as a hegemon," said Mr Varoufakis. "But a hegemon must shoulder responsibility for others.
"Germany would use its power to unite Europe. That would be a wonderful legacy for Germany’s federal chancellor."
Who owns Greek debt?

(Source: Open Europe)

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