Wednesday, 16 May, 2012

'Greece is just the canary in the mine'

The political elite of Greece is preparing to form an interim government today, ahead of a new nationwide vote in around a month’s time. The meeting comes after days of coalition talks failed to deliver a new government. In elections 10 days ago, a majority of Greeks backed political parties which had taken a stand against austerity measures. But European leaders say they’ll cut off funding to Athens if voters reject the external bailout deals. That could mean effective bankruptcy for Greece and an almost inevitable exit from the euro. WRS’s Pete Forster spoke to Yanis Varoufakis, a Greek political economist who’s written extensively about the eurozone and on globalization:

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