European Central Bank ‘asphyxiating’ Greece - Varoufakis | WHAT REALLY HAPPENED

European Central Bank ‘asphyxiating’ Greece - Varoufakis

Greek Finance Minister Yanis Varoufakis said the European Central Bank is holding cash-strapped Athens in a choke-hold in order to push through negotiations on the country’s bailout program.

The European Central Bank has essentially cut Greece off from short-term lending, which makes borrowing more expensive for the already heavily-indebted nation. If Athens doesn’t strike a deal with Brussels, they will lose emergency assistance funding from the ECB.

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