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Jack Rabbit

(45,984 posts) Thu Apr 28, 2016, 02:17 PM Apr 2016

Democracy Now! (April 28): Yanis Varoufakis speaks about the EU's Ponzi schme and Greece

Narmeen Sheikh interviews former Greek Finance Minister Yanis Varoufakis about the EU's Ponzi scheme.

Four parts/Runtime: approx. 44 minutes
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I would like to suggest the European banks are something like payday lenders in their relationship with Greece.

3 replies

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Democracy Now! (April 28): Yanis Varoufakis speaks about the EU's Ponzi schme and Greece (Original Post) Jack Rabbit Apr 2016 OP

As I was watching the second clip 'Payday Lender' came to mind. angstlessk Apr 2016 #1

Well, angstlesk, great minds think alike, as they say Jack Rabbit Apr 2016 #2

I say what they are doing to Greece is genocide angstlessk Apr 2016 #3

angstlessk

(11,862 posts)

1. As I was watching the second clip 'Payday Lender' came to mind.

Reply to Jack Rabbit (Original post)

Thu Apr 28, 2016, 03:40 PM

Apr 2016

Funny as I scrolled down to the 4th I saw your comment...cause it is so true...they give you a loan, which you cannot repay in full, so they loan you more money to pay themselves back, ad infinitum!

Jack Rabbit

(45,984 posts)

2. Well, angstlesk, great minds think alike, as they say

Reply to angstlessk (Reply #1)

Thu Apr 28, 2016, 09:48 PM

Apr 2016

I suppose Yanis is unfamiliar with payday lenders. In Greece, they're probably called loan sharks.

angstlessk

(11,862 posts)

3. I say what they are doing to Greece is genocide

Reply to Jack Rabbit (Reply #2)

Thu Apr 28, 2016, 10:05 PM

Apr 2016

it may not include bombs and actual assignations, but it will be the death to many Greeks, and maybe Greece altogether.

I am just too illiterate on world politics, but to watch the slow devastation to a once great nation makes me dumbfounded!

All this because they chose to become part of the EU and exchange drachmas for euros?

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