As the White House is backing calls for Greece to continue to implement widespread austerity measures, Democracy Now talks to former Greek Finance Minister Yanis Varoufakis.
Earlier this week, negotiations between Greece and international creditors hit an impasse over the bankers’ demands for extra austerity measures.
The International Monetary Fund is demanding cutting Greek pensions and eliminating income-tax exemptions if Greece does not hit its budget targets.
“Cutting down pension is not reform. It’s like confusing butchery for surgery,” says Varoufakis.
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