Greece Finance Minister Attacks Creditors

Yanis Varoufakis.
Yanis Varoufakis.

Yanis Varoufakis.

Greece braced itself Saturday ahead of a make-or-break bailout referendum as polls showed the ‘Yes’ and ‘No’ camps neck and neck and uncertainty rose over the future of the country’s battered economy. In an interview published Saturday the outspoken Finance Minister Yanis Varoufakis accused Athens creditors of terrorism. “What they are doing with Greece has a name- terrorism,” he told the Spanish El Mundo daily. “What Brussels and the troika want today is for the ‘Yes’ (vote) to win so they could humiliate the Greeks.” As tensions rose he was forced to deny a Financial Times report that suggested Greek savers could lose 30 percent of their bank deposits to shore up the banking system, slamming it a “malicious rumour.” The British business daily, quoting unidentified bankers and business men close to negotiators, reported that Greek depositors with over 8,000 euros in an  account may be forced to take a “haircut.” A defiant PM Alexis Tsipras told 25,000 cheering supporters at a rally held on Friday in Athens to “say ‘No’ to ultimatums and to turn your back on those who would terrorise you,” adding: “No one can ignore this passion and optimism. A rival rally of 22,000 ‘Yes’ supporters shouted pro-European slogans and voice fears of a so-called “Grexit” from the eurozone and a return to Greece’s former currency, the drachma, if Tsipras got his way.

About The Author

Chukwunonso Azinge is a Public health parasitologist whose variety of intrests ranges from international news reportage, writing articles on current world issues and of course football. Follow me on Twitter @azingelfc and on Facebook- Nonso 'King Kenny' Azinge.

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