The Future Of The Greek Economy

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Article 8 – Yanis Varoufakis questions the Future of the Greek economy He was one of the most pivotal figures within the Greek political cabinet and now he has seemingly turned his back on the Greek economy. The new country reforms have been discussed by former Finance Minister Yanis Varoufakis, in which he has said that the new reforms are "going to fail", with the programme set to "go down in history as the greatest disaster of macroeconomic management ever". These are strong words from a man who once oversaw the financial direction of the Greek economy. During July 2015 the German parliament opted to approve additional negotiations after recent failures, with it proving to be a move that may have granted Greece a slim lifeline. The new bailout is set to top €86 billion, but it is only being offered in exchange for strict austerity measures. Following his resignation, Mr Varoufakis said "This programme is going to fail whoever undertakes its implementation”, when asked on how long he thinks it is before the bailout fails he said, "It has failed already”. Mr Varoufakis said that ' 'I may disagree with the PM and I declared that by resigning from my post”, shortly after walking away from his position in the Syriza government. What his resignation stood for was submission. After accepting the role with an apparent understanding of the country’s flagging financial position, he would subsequently clash with both eurozone finance ministers and fellow party members over the
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