Don't humiliate us, Greek finance minister tells Germany

Greece`s new Finance Minister Yanis Varoufakis has urged Germany not to humiliate the country over its debts.

Athens: Greece`s new Finance Minister Yanis Varoufakis has urged Germany not to humiliate the country over its debts.

Varoufakis compared Greece`s plight with that of inter-war Germany, speaking ahead of a meeting with his German counterpart, BBC reported.

Germany was burdened with massive debts after World War I and threatened by hyperinflation, crippling its economy.

Varoufakis has been touring European capitals this week to win support for Greece`s plan to restructure its debt.

"I think of the countries in Europe, the Germans understand best this simple message," Varoufakis said in an interview Thursday with a German television channel.

"If you humiliate a proud nation for too long and subject it to the worry of a debt deflation crisis, without light at the end of a tunnel then things come to the boil."

The comparison is likely to send a clear message to German Finance Minister Wolfgang Schauble ahead of his meeting with Varoufakis Thursday.

Germany is seen as the strongest opponent among euro-zone countries to any reduction of Greece`s 323 billion euro ($369 billion) debt.

German Chancellor Angela Merkel has ruled out any cancellation of the debt, which is about 175 percent of Greece`s GDP, saying lenders had already made concessions.

 

By continuing to use the site, you agree to the use of cookies. You can find out more by clicking this link

Close