Yanis Varoufakis from yanisvaroufakis.eu. He talks about the deteriorating situation in Greece economically and politically and what is happening in Italy and how that will impact Greece. Yanis Varoufakis is an economist who heads the Department of Economic Policy at the University of Athens.
The dept crisis in Eurozone district could actually endanger the global economy and cause credit to dry up in the global banking system. Based on OECD, it can be a key rest to the world economy. Leaders of Germany and France had acknowledged that the debt crisis could last for years. In Britain over two million protesters poured on the streets to show their anger over their government's austerities.In this edition of News Analysis, we will examine the Eurozone debt crisis.