Varoufakis: prefer to cut off my arm rather than sign

The Greek finance minister speaks on Bloomberg TV. The big difference is debt  restructuring and the other differences are smaller. He  said he will resign on a YES vote or with more color: I prefer to cut off my arm rather than sign an agreement without debt restructuring.  Tension is growing towards the Greferendum.

Here are some  highlights from  the colorful finance minister:

• The ECB has been making the rules as it goes along
• Banks will open on Tuesday if the ECB wants
• ECB can easily decide to open the banks
• ECB decision depends on referendum result
• So far, it was extend and pretend
• On a no vote, we will immediately resume talks.
• The June 25th  offer will return to the table on a YES.
• The offer was not sustainable.
• I am allergic to extend and pretend.
• Varoufakis will  resign on a YES vote
• On a NO vote, there will  eventually be an agreement and the ECB will allow an opening of the banks.
• Negotiations can end in one hour if needed.
• The “reforms” are not reforms but just austerity.
• The offer had no credible debt sustainability plan.
• The IMF says the debt is not sustainable
• QE needs to be unleashed for Greece.
• We need to smooth
• We have already been in Chapter 11 since 2012.
• I don’t have a moral right to sign an extend or pretend.
• Investment has dried up because the debt is not sustainable according to the IMF.
• Grexit is always in the air because of the failure of the programs.
• If we sign the deal, we will be closer to Grexit.
• We want to stay in the euro.
• Regarding regime change: no comment.
• The question is: do we challenge the concept of the establishment.
• They know that if we say something, we will do it. It’s not a problem of trust.
• Nobody likes to be told they were wrong.
• I’m going to be here whatever happens.
• I’m still a member of parliament.
• Europe needs to accept the principle of democracy.
• SYRIZA will remain the main force in Greek politics.
• We will not be a second class country, not a debt colony.
• We are going to win on Sunday and achieve our goals.

Greek crisis – all the updates in one place