The Greek Fire Next Time

Mark your calendars: there’s a serious Eurocrisis coming up, specifically on January 25 when Greece holds elections and the anti-austerity Syriza party will likely come out on top. There’s even a serious argument to be made that it should come out on top, made among others by Economics Prof. Yanis Varoufakis of the University of Athens, who has gone so far as to offer himself up as a Syriza candidate.

He explains why he did that, and what is going on between Greece and the EU generally, in an excellent segment that I’ve embedded for you below (starts at the 4:00 mark). Do keep in mind that, generally speaking, we should all be suspicious of anything coming out of RT (= “Russia Today,” brought to you by Vladimir Putin), and it is easy to be dismayed by the blonde-airhead TV anchorwoman. But this is truly very informative.

(H/t to Yves Smith at Naked Capitalism.)

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