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Politics

Varoufakis Expresses Reservations over Impact of EU Aid on Greek Economy

ATHENS – The secretary of opposition MERA25 party, Yanis Varoufakis, on Wednesday expressed strong doubts that a 500-billion-euro aid package announced by German Chancellor Angela Merkel and French President Emmanuel Macron to support Europe's recovery will have a beneficial impact on the Greek economy.

In reply to a question about whether the decision will result in help from the EU, Varoufakis expressed his certainty that even if the Merkel-Macron proposal is implemented, a fifth austerity programme for Greece will not be averted.

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