>> Yanis Varoufakis is back with a new party and his old trademarks, a biker's jacket and an outspoken tongue. The former Greek finance minister's party is called the European Realist Disobendience Front, and it promises to free his country from debt bondage.>> For ten years, the European Union's great and good have been extending this crisis into the future by pretending they solved it through loans.
No bankruptcy in the history of capitalism has ever been overcome either by new loans or by extending existing ones.>> Varoufakis transfixed Europe during Greece's debt crisis, with his critiscm of Eurozone policy and the austerity measures imposed on Athens. He took the country to the brink of a Euro exit in 2015 before resigning over the terms of a bailout for Greece.
Varoufakis, an academic economist, said Greece had become a debtors colony that its young people were fleeing in droves. He wants Greeks to disobey what he calls a ludicrous European blueprint for reviving the country's economy.