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> Politics

Varoufakis -Theoharakis: Stournaras is responsible for deposit outflows

"There is not a single country in the world where this kind of statement from the central banker would not bring a bankrun," they said

Newsroom May 20 12:43

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Former Finance Minister Yanis Varoufakis and former member of Greece’s negotiation team Nikos Theoharakis responded to the statement of Bank of Greece Governor Yiannis Stournaras who slammed them over the way they conducted the negotiations resulting in an additional 86 billion-euro burden.

In a joint statement to ANA-MPA on Friday, they accused him that “the deposit outflow started on 3 December 2014, when Stournaras made an unprecedented faux pas in the central banks’ history by stating publicly that he is afraid that there will be a ‘liquidity problem’ in the market.”

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They stressed that “there is not a single country in the world where this kind of statement from the central banker would not bring a bankrun”.

“The view that our negotiation had a huge cost to the Greek people that brought the third memorandum, it can only be accepted if someone believes that it would be possible for the Greek state not to borrow again (even from foreign markets) after June 2015 which means that Greek could serve its 320 bln unstainable debt from its primary surpluses…”

They also stressed that Mr. Stournaras ” decided to challenge us not as the governor of the Bank of Greece using scientific arguments, but as a former Minister of Samaras’ government”.

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