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Yanis Varoufakis on Europe's 'Dickensian Workhouse' and the fiscal waterboarding of Spain

12.06.2012 00:30
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­The latest "Spanish bailout" is really a 100-billion-euro bailout for Spain's banks that adds to the tab of the already indebted Spanish government. But is this really just a blood wedding between banks and the state that will end in a bloodbath of pain threatening to consume all of Europe in its wake? Are these really solutions that channel the workhouses of the Victorian era, of a Dickens novel, in their conditions? Greek economist Yanis Varoufakis, has used this to describe the EU's solution to a crisis that has dragged on for almost five years in some countries, and even longer in others. He joins us to give his take on this latest Spanish "bailout", as well as the upcoming elections in Greece.

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