Tag Archives: European Central Bank ‘Asphyxiating’ Greece – Varoufakis

European Central Bank ‘Asphyxiating’ Greece – Varoufakis – 12 March 2015

RT logoGreek Finance Minister Yanis Varoufakis said the European Central Bank is holding cash-strapped Athens in a choke-hold in order to push through negotiations on the country’s bailout program.

The European Central Bank has essentially cut Greece off from short-term lending, which makes borrowing more expensive for the already heavily-indebted nation. If Athens doesn’t strike a deal with Brussels, they will lose emergency assistance funding from the ECB.

“The ECB in my opinion is pursuing a policy that can be considered asphyxiating toward our government,” Varoufakis was quoted by Reuters as saying in an interview with Greece’s Mega TV.

Read the full story at: www.rt.com / link to original article