Thanks for posting the text. Compare Varoufakis' experience with the observations of Timothy Geithner in his book Stress Test as I mentioned somewhere up the t

Thanks for posting the text. Compare Varoufakis' experience with the observations of Timothy Geithner in his book Stress Test as I mentioned somewhere up the tree. His book is mainly about US but his observations of the process in Europe (middle chapters) reach a similar conclusion regarding the wisdom of the policy, albeit expressed in less polemical language. Brexit sidenote: Did you notice how the Bank of England simply guaranteed a huge amount of money to cover loans more or less the day of the result?