Merkel LIED to Germany! Yanis Varoufakis blasts chancellor with claims over broken banks

Wednesday, November 15, 2017
By Paul Martin

ANGELA Merkel lied to Germany about the Greek financial bail-out in a bid to save billions of euros for her country’s banks, according to a former Athens finance minister.

Wed, Nov 15, 2017

Yanis Varoufakis claims Mrs Merkel and her former finance minister Wolfgang Schäuble pushed for the Greek rescue-package to avert a eurozone cash crisis which could have had dire repercussions for Germany.

But he said to do so they had to lie to voters to convince them all was well in Frankfurt while Athens was on the verge of collapse.

Greece’s unorthodox budget chief was always considered an outsider in the circle of EU finance ministers and is still ruffling feathers two years after leaving office.

He said: “When the financial sector collapsed, the German government soon discovered to their horror that Deutsche Bank and all other German banks were broken.

“Angela Merkel was appalled by the prospect of transferring €500 billion to rich banks and she only agreed to the loans because her consultants told her that otherwise there would be no more money coming out of the ATMs.

“But then a few months later the dilemma was repeated. And the very same banks faced bankruptcy yet again if the Greek default was not averted.

“As a result, there had to be another bailout for the German and French banks but this time it was disguised as an act of solidarity with Greece.

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