The ECB is literally printing its own money by lending to Greece through creating very high risk assets and yet people are complaining about Varoufakis? The ECB is temporarily preventing the economic failure of the Greek markets by employing high-risk techniques destined to fail eventually. Varoufakis is offering a solution which may fail, but may not (which has the side-benefit of improving the standard of living for the Greek populace). One of these methods is destined to fail whilst the other has the potential to succeed. Varoufakis is actually being realistic in his demands, the Troika is not. At this rate though, Greece is destined to fail and become the gangrenous limb of the EU - I wonder how fast the infection will spread? There is 50+% youth unemployment in Spain and 60+% in Greece unemployment generally throughout the EU - except for Germany (I wonder why). Living standards wages and income for ordinary people is deteriorating rapidly. These are the intended and desired results of the Neoliberal economic policies championed and shoved down the throats of European citizens (except Germany I wonder why) by Lagard and Dreghi. They are complete failures!! Does anyone out there really believe that its some uncontrollable factors causing this depression for working people??? Do people really believe that continuation of existing policies is in any way good for working people? Nothing could be more nauseating than to listen to them preen and fawn over each other. Over and over evidence is presented and ignored by them and by a compliant Guardian which must have a budget for economic reporting of a shilling, or a drachma perhaps, it is so pathetic. Can the Guardian not simply report on the projections and analysis of the IMF sense the crisis and compare them to what has actually happened?? You know, like the one that said unemployment in Greece would peak at 12% oh but its 26+% and rising ignore that. Just tooooo anti Neoliberal to present EVIDENCE.
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