Yanis Varoufakis on the Greek Bailout

Greek economist Yanis Varoufakis is a vociferous critic of the current bailouts of Greece that bring back memories of Structural Adjustment Programmes and the ensuing production of a new Third World in Southern Europe. In this short documentary, he warns against this process, by warning that the all-too-common story of German industrious ants and Greek lazy grasshoppers has remained what it was since Aesopus first elaborated this imagery in one of his fables. A story. However, it is one that is being used to push savage reforms that might – in the end – do little to improve anyone’s lot.

Yanis Varoufakis on the Greek Bailout