Article EQ8W Greek debt crisis: reforms will fail, says ex-finance minister Yanis Varoufakis

Greek debt crisis: reforms will fail, says ex-finance minister Yanis Varoufakis

by
Jamie Grierson and Helena Smith
from Economics | The Guardian on (#EQ8W)

Varoufakis says conditions imposed on Greece by creditors will 'go down in history as the greatest disaster of macroeconomic management ever'

Economic reforms imposed on Greece by creditors are going to fail, according to the country's outspoken former finance minister.

Yanis Varoufakis told the BBC that Greece was subject to a programme that will "go down in history as the greatest disaster of macroeconomic management ever".

Related: Now a deal has been done, what lies ahead for the Greek economy?

Related: Tourists in Greece: 'Don't tell the cook we're German'

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