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Politics

Varoufakis: The Recession Had Returned Long before the Coronavirus Outbreak

ATHENS – Opposition ΜeRA25 secretary Yanis Varoufakis expressed his opposition to the government's economic policy in a statement on Tuesday, saying that "a government that fails to predict the…past and admit and evaluate what was happening in the economy before the major pandemic-triggered recession, is not a government that can cope with the current tragedy."

Varoufakis asserted that things in Greece had been going awry long before the outbreak of the pandemic and that "the recession had returned before the lockdown, as we said in August in parliament." He concluded by expressing his certainty that "this is not a government with the virtue, boldness and courage to say the huge, necessary 'no' to the fifth memorandum, to the brutal austerity the troika will demand in 2021 as a result of [its] yielding and saying 'yes' to everything."

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