In an interview with the Deutsche Welle TV station, the Greek Finance Minister Yanis Varoufakis described the current negotiations with the institutions as a "renegotiation of a Loan Agreement which for five years was not sustainable." In terms of the proposal agreement submitted by the creditors Varoufakis as a deal put forward "when one does not want an agreement." Yanis Varoufakis reiterated that the current Greek government will not sign an agreement that will not be viable. He made clear that the current government will not follow the example of previous ones, which, he said, "made suggestions and gave promises, knowing that they can not fulfill them". The institutions for their part "pretended that they believed the proposals" and looked the other way while the crisis escalated. What is needed now is an agreement that will lead to overcoming the crisis "once and for all," said the Greek Finance Minister. Asked if Athens is prepared to risk a Grexit should the negotiations fail, Yanis Varoufakis indicated that this was a question for the institutions. On the Greek side, he stated, every "every effort" has been mad. In the 47-page proposal submitted to the institutions the Greek Government has exceeded "many red lines." We have "rescinded many election promises," just because the government is possessed by the "the great desire to reach an agreement" to restore Greece 'again as a normal country within the EU. " Regarding the deferral of payment of the last installment to the IMF Mr. Varoufakis said that Greece has proved the last four months it has sufficient liquidity to pay its obligations. For the repayment of loans allocated over 14% of GDP. "But this can not continue forever," he said. In response to the journalist's comment that all countries that were in a program (Spain, Portugal, Ireland) followed a hard austerity program, which Greece does not appear willing to follow Yanis Varoufakis countered that the burden shouldered by Greece is much larger than that of other countries. Other countries have "lost 1%, 2% or 3% of GDP, we lost 25%." He said. "So what we are saying is: can, we please, have the same rules for everyone?" Wondered in closing Yanis Varoufakis.

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Varoufakis: We can not take seriously the creditors proposal

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