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ECB Restrictive Policy Choking Greece: Varoufakis

From wbponline.com

Greek Finance Minister Yanis Varoufakis is not known for mincing with words and this reputation remains intact also after an interview with Greece's Mega TV today, in which he said the ECB is “asphyxiating" Greece. Varoufakis was referring to how the European Central Bank (ECB) was choking the country by not allowing it to issue short-term debt for essential funding while bailout funds are frozen. “The ECB in my opinion is pursuing a policy that can be considered asphyxiating toward our government,” he said, noting how the ECB's restrictive stance was being used to lever an agreement out of Greece and its ... (full story)

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