Yannis Varoufakis: The Greek economy is finished …. This is our Great Depression


Australian Broadcasting Corporation

Broadcast: 18/06/2012

Reporter: Leigh Sales

With a pro-bailout and pro-austerity party claiming victory in the Greek election, economist Yanis Varoufakis joins us from Athens to reflect on what the result means for the economy and the Eurozone.

Transcript

LEIGH SALES, PRESENTER: Joining us now from Athens is the Greek economist Yanis Varoufakis.

The obvious question is: what happens now?

YANIS VAROUFAKIS, ECONOMICS, ATHENS UNIVERSITY: Well, the derailment of the train that is the eurozone, which started with Greece and then other carriages started leaving the tracks sequentially – Ireland, Portugal, now Spain – is continuing. And yesterday’s vote is not going to change that at all. All exuberance and celebrations are completely and utterly misplaced. I’m afraid that the eurozone and Συνέχεια

Let’s get back our trillion dollars: Governments subsidize dirty energy


A trillion dollars a year! We’re in the middle of a global economic and environmental meltdown, yet this is how much our governments are handing out to dirty energy,the richest industry on earth. It’s madness, but finally a few bold countries are speaking out.

New Zealand, Mexico, and Switzerland are leading a call for action at a meeting of world leaders in Rio in June. Slashing these scandalous subsidies now is crucial to saving our planet. But the polluters have a powerful grip over many of our governments. Only massive global public support can drown out the lobbyists of big oil, coal and gas — it’s what our people-powered movement was born to do.

The agenda for Rio is being finalised now — this meeting could be our last chance to avert climate catastrophe. Let’s give our champions the political teeth they need to stop this trillion dollar trickery. Sign the urgent petition to stop our government’s colossal collusion with polluters: Συνέχεια