STOCK MARKET WATCH -- Monday, 20 April 2015

[Ghost Dog]

3. Greek Finance Minister Yanis Varoufakis TV interview (Spanish/English)

Last edited Mon Apr 20, 2015, 04:44 AM - Edit history (3)

Greece's Finance Minister Yanis Varoufakis said in an interview broadcast on Sunday that if Greece were to leave the euro zone, there would be an inevitable contagion effect.

"Anyone who toys with the idea of cutting off bits of the euro zone hoping the rest will survive is playing with fire," he told La Sexta, a Spanish TV channel, in an interview recorded 10 days ago.

"Some claim that the rest of Europe has been ring-fenced from Greece and that the ECB has tools at its disposal to amputate Greece, if need be, cauterize the wound and allow the rest of euro zone to carry on."

"I very much doubt that that is the case. Not just because of Greece but for any part of the union," he said, speaking in English.

"Once the idea enters peoples' minds that monetary union is not forever, speculation begins ... who's next? That question is the solvent of any monetary union. Sooner or later it's going to start raising interest rates, political tensions, capital flight."...

/... http://www.smh.com.au/business/markets-live/markets-live-china-fails-to-save-the-day-20150420-1molec.html (towards bottom of page)
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This is a first class lengthy interview with Yanoufakis in which he very calmly and clearly states and explains his positions. The questions are in Spanish and Yanoufakis's replies are in English with Spanish subtitles. More work needs to be done to subtitle the Spanish questions in English, and La Sexta / Atresmedia has material here that can be widely sold internationally. Highly recommended.

You can see some extracts here: http://www.lasexta.com/programas/salvados/mejores-momentos/yanis-varoufakis-obedezco-representante-aleman-eurogrupo-creo-que-nadie-hace_2015041900185.html
And the whole interview here: http://www.atresplayer.com/television/programas/salvados/temporada-10/capitulo-8-varoufakis-ministro-finanzas-griego_2015041800089.html
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And note that, from such an expansive, wide-ranging and sincere interview on Greek, European and international financial issues, this is the only snippet the Anglo-American propaganda source Thomson-Reuters, which acts as a mouthpiece of economic neo-liberal and political neo-conservative interests, chooses to widely channel...