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FinMin: Citizens can now live without the fear of mass layoffs, cutbacks

FinMin: Citizens can now live without the fear of mass layoffs, cutbacks

"Our commitment on the extension of the loan agreement, with the specific reforms programme that we have agreed, removes and the last legal argument of the eurozone's institutions that demanded our subordination into a 'programme' in order to lift the restrictions from Greece's banking system financial support" said Finance Minister Yanis Varoufakis in an interview to the Sunday edition of Ethnos newspaper.

He noted that the two main demands for the smooth course of the country for at least the next four months is the "safeguarding of a sufficient liquidity in the internal market with immediate lifting of the restrictions imposed by ECB on the short-term banks and state lending as well as the normal flow of tax revenues.

The memorandum, said Varoufakis, as a text of troika's strict orders for perpetual austerity, internal devaluation and financial suffocations does not exist any more" he reiterated and noted that "the citizens can live now without the fear of mass layoffs, continuous cutbacks on salaries and pensions and of the irrational, abusive and unfair overtaxation on non- existent incomes or depreciated assets".

Varoufakis said that "there is not possibility to return to the debt serfdom state" adding that the "relief-solution for the debt that we will propose does not want any sacrifices from the Greek or the European tax payers.