Varoufakis: Creditor Proposal Offers "No Hope," Greece At "Historic Moment"

As Jerome Dijsselbloem fearmongers all the worst parts of the bible that are about to befall Greece, Yanis Varoufakis is explainiing the Greek decision:

  • *VAROUFAKIS: CREDITOR OFFER LACKED HOPE FOR INVESTORS, CONSUMERS
  • *VAROUFAKIS SAYS GREECE FIND ITSELF AT `HISTORIC MOMENT'

Adding that the decision by the Eurogroup (ex-Greece) to veto the program extension damages Europe overall, Varoufakis defiantly concluded, the Greek government has no mandate to accept a "recessionary" aid offer.

 

He added:

  • *VAROUFAKIS SAYS CREDITOR AID OFFER WAS RECESSIONARY
  • *VAROUFAKIS SAYS CREDITOR AID OFFER `BAKED IN' NEW AID PROGRAM
  • *VAROUFAKIS: CREDITOR OFFER LACKED HOPE FOR INVESTORS, CONSUMERS
  • *VAROUFAKIS SAYS GREECE FIND ITSELF AT `HISTORIC MOMENT'
  • *VAROUFAKIS: GREEK GOVERNMENT HAD NO MANDATE TO ACCEPT AID OFFER
  • *VAROUFAKIS SAYS GREEK GOVERNMENT DETERMINED TO FIND A SOLUTION
  • *VAROUFAKIS: CREDITORS INSISTED ON PREVIOUS AID FORMULA
  • *VAROUFAKIS: EUROGROUP VETO OF PROGRAM EXTENSION DAMAGES EUROPE

But offered a final branch for negotiations...

  • *VAROUFAKIS: `HIGH PROBABILITY' OF YES VOTE WITH LONGER PROGRAM
  • *VAROUFAKIS: IF GREEK PEOPLE `TELL US TO SIGN, WE WILL SIGN'
  • *VAROUFAKIS: GREEK REFERENDUM ISN'T ABOUT EURO MEMBERSHIP
  • *VAROUFAKIS: GREEK-AID PROGRAMS HAVE BEEN `QUITE CLEAR FAILURES'

In other words - extend the program and we may come closer to a deal.