University of Athens economics professor Yanis Varoufakis discusses in the below interview how Greece has quickly lost its ability to make decisions for itself. He argues that the delays and restructurings have done and will do more harm than good for Greece’s long-term economic health.
Greece is asking for more breathing space to implement financial reforms and spending cuts, which have sparked years of widespread protests.
The Prime Minister has to convince the Eurozone top brass later this week that he’s done enough to receive the next bailout installment. It’s worth 31-and-a-half-billion Euros, without which Greece will default and potentially exit the currency union.