{we asked voters to back our determination to end the “extend-and-pretend” bailouts that had pushed Greece into a black hole and operated as the template for austerity policies across Europe.}



Enough is enougy, Varoufakis.



It's been decades since Greece has flaunted all the rules of decency in formulating first a country without a great deal of resources (other than Tourism and Mercantile Services) with which to dynamize an economy.



And even then, it has government expenditures that are so sky-high due to over-stuffing with jobs that could be more effectively done in the private sector, that it has persistent deficits.



So, it had to go to Goldman Sachs to hide that deficit an lie its way in to the EuroZone in 2001. And ever since it has been living off the same debt-extensions from the EU.



That had to stop and Greek politicians should have known it has to stop, and implemented the necessary measures to take Greece off the Euro- transfusion line. But, no, various governments, envious to stay in power simply pushed off the inevitable - which has happened.



There is no indication whatsoever that Greece wants to take the measures necessary to (1) cut the budget by putting out government employees (the hard part), or change its constitution to tax Greek company profit revenues from abroad, or put a proper VAT-collection system in place to prevent avoidance by using cash-for-transactions in commerce.



Or cut the military budget for an Army/Nave it does no need since it is already a member of Nato.



Or, or, or - the list is long .



All we get is the mouthing of the "Austerity Argument" - which simply means Greece wants complete or near-complete Debt Forgiveness.



Aint gonna happin, Yanis ... Greece has to learn how to "grow up" into the middling-type economy that it is and will likely remain.



Unless, it can stimulate the petroleum/gas reserves that exist just offshore that are obtainable from onshore with modern equipment. Just then, Greece might have the sort of revenue that would help. But, unlike before, the prices obtained will for the product will not likely be as a good as before ...