Cruel and unusual punishment Quote by Yanis Varoufakis

“Forcing new loans upon the bankrupt on condition that they shrink their income is nothing short of cruel and unusual punishment. Greece was never…

— Yanis Varoufakis

Every sensible banker understands that Greece should not have received any more money: a bankrupt state that can never be expected to repay loans…

— Yanis Varoufakis

“Debtors’ prisons were ultimately abandoned because, despite their cruelty, they neither deterred the accumulation of new bad debts nor helped creditors get their money…

— Yanis Varoufakis

Greece will not manage to get back on its feet without restructuring its debt. There is no way around it. The country's creditors will…

— Peer Steinbruck

So you know, everyone points out Greece's default record, but the history of a lot of sovereign nations is not a good one when…

— James Chanos

“This financial crisis in Europe would have left Greece in Ruins, but it’s been that way for 2,000 years.”

— Jarod Kintz

“The motives of the troika and Greece's domestic oligarchy are obvious. Debt is creditor power, and unsustainable debt gives creditors exorbitant power.”

— Yanis Varoufakis

“Bankers are seeking to capture government and make financial policy immune from democratic choice. What promised to be a progressive social democratic Europe half…

— Michael Hudson

The Greek debt issue, for example, is such a threat because if that country ever defaulted, it might cause some bank that's 'too big…

— Jerry A. Webman

We have no exposure in Europe and not made any finances to the companies there. So the question of Greek debt crisis impacting the…

— Chanda Kochhar

Well what would happen is that if Greece defaulted and couldn't pay its debts, all the Greek bonds that are held in other banking…

— John Major

I think there will be no government bankruptcy in Greece.

— Wolfgang Schauble