Home » Business » Varoufakis: 100% agreement with creditors, but after the referendum – 2024-08-28 23:34:11

Varoufakis: 100% agreement with creditors, but after the referendum – 2024-08-28 23:34:11

/ world today news/ Greek Finance Minister Yannis Varoufakis said on Thursday that there is a “100% chance” of reaching an agreement with Athens’ creditors after Sunday’s referendum, regardless of its outcome.

“There will be an agreement, whether it’s yes or no, coming out of the chambers (on Sunday’s referendum),” Varoufakis told BBC News.

“If yes, it will be a bad agreement, the banks will open with a bad agreement (…). If no wins, we will have another agreement that will be viable. Something in the style of the proposals that we were made in recent days,” he continued.

Varoufakis urged Greeks to vote against the creditors’ plan in a referendum that could determine Greece’s future in the eurozone.

He sharply criticized the austerity policy implemented in Greece over the past five years and the length of negotiations with international creditors.

“We have a very bad system of governance in Europe. This is not the right way to manage a currency union. It is a travesty. It has been a comedy of errors for five years,” said the finance minister.

“The program imposed on this country, and which they want to continue to impose (…) will go down as the biggest failure in economic history,” he added.

Yanis Varoufakis made it clear on Thursday that he would resign if “yes” prevailed in Sunday’s referendum. /AFP

Athens / Greece

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