Cash-Strapped Greece Rules Out More Austerity Measures – Finance Minister

‘Greece will not agree to more austerity measures as the debt-ridden country negotiates a deal with its international creditors, Greek Finance Minister Yanis Varoufakis said Monday.

In 2011, Athens and the European Commission signed a bailout plan to help resolve the Greek government debt crisis, a move that sparked anti-austerity protests in the capital and other Greek cities.
“Our government cannot – and will not – accept a cure that has proven itself over five long years to be worse than the disease,” Varoufakis wrote in an opinion feature published by the Project Syndicate website.’

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