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ABC [AU]: The Greek deal is too late: Varoufakis
ALI MOORE: Well indeed you make it sound so simple, we are out of time. But I have to ask, if you were a betting man, would you bet this will happen, or do you truly believe the system is that close to collapse?

YANIS VAROUFAKIS: There is a fundamental difference between the bet that I would place as a rational agent and the bet I would place as a sentimental agent. My sentimental bet is that it will work, because I can't even imagine what kind of postmodern 1930s we're going to end up with in Europe if the Eurosystem breaks up.

So let's stop crowing that "this couldn't happen to a more deserving government"...

Economics is politics by other means
by Carrie (migeru at eurotrib dot com) on Sat Jul 23rd, 2011 at 02:41:21 AM EST
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