FIRST AIRED: March 26, 2018

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Transcript

00:00:00
>> 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.
00:00:26
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.
00:00:49
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.