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" If this sounds like a Ponzi scheme it is because it is the mother of all Ponzi schemes. A merry-go-round of Ponzi austerity which, interestingly, left both the insolvent banks and the insolvent Greek state a little more insolvent while, all along, the Greek population was sinking deeper and deeper into despair. And all so the European Union could pretend that its inane rules had been respected. "

Yanis Varoufakis , And the Weak Suffer What They Must? Europe's Crisis and America's Economic Future


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Yanis Varoufakis quote : If this sounds like a Ponzi scheme it is because it is the mother of all Ponzi schemes. A merry-go-round of Ponzi austerity which, interestingly, left both the insolvent banks and the insolvent Greek state a little more insolvent while, all along, the Greek population was sinking deeper and deeper into despair. And all so the European Union could pretend that its inane rules had been respected.