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Varoufakis compares Greece to post-WWII Germany

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(8 Jun 2015) RESTRICTION SUMMARY: AP CLIENTS ONLY SHOTLIST AP TELEVISION - AP CLIENTS ONLY Berlin - 8 June 2015 1. Greek Finance Minister Yanis Varoufakis walking to lectern 2. Cutaway 3. SOUNDBITE (English) Yanis Varoufakis, Greek Finance Minister: "To implement these reforms successfully Greeks need a missing ingredient - hope. A speech of hope for Greece is precisely what would it take and make all the difference now. A speech of hope for Greece would benefit our creditors, as our renaissance will eliminate the probability of defaulting on debt loans." 4. Cutaway 5. SOUNDBITE (English) Yanis Varoufakis, Greek Finance Minister: "A speech of hope for Greece does not have to be technical. It could simply mark a sea change, a break with the past five years of adding new loans

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(8 Jun 2015) RESTRICTION SUMMARY: AP CLIENTS ONLY

SHOTLIST

AP TELEVISION - AP CLIENTS ONLY

Berlin - 8 June 2015

1. Greek Finance Minister Yanis Varoufakis walking to lectern

2. Cutaway

3. SOUNDBITE (English) Yanis Varoufakis, Greek Finance Minister:

"To implement these reforms successfully Greeks need a missing ingredient - hope. A speech of hope for Greece is precisely what would it take and make all the difference now. A speech of hope for Greece would benefit our creditors, as our renaissance will eliminate the probability of defaulting on debt loans."

4. Cutaway

5. SOUNDBITE (English) Yanis Varoufakis, Greek Finance Minister:

"A speech of hope for Greece does not have to be technical. It could simply mark a sea change, a break with the past five years of adding new loans on already unsustainable debt on condition of more doses of punitive austerity that diminishes our incomes. Who should deliver the speech of hope? Well, I think it should be the German chancellor."

6. Cutaway

7. SOUNDBITE (English) Yanis Varoufakis, Greek Finance Minister:

"On September 6th 1946 the American Secretary of State James Byrnes travelled to Stuttgart, as you all know I'm sure, to deliver his historic speech of hope. It marked America's change of heart in relation to Germany and gave this fallen nation a chance to re-imagine recovery, growth and the return to normalcy."

8. Cutaway

9. SOUNDBITE (English) Yanis Varoufakis, Greek Finance Minister:

"Seven decades later, now, another nation is locked into a frightful trap, that is sending ripples across Europe and from which it cannot escape without a variant of Byrnes' speech of hope."

10. Cutaway

11. Debate on stage, UPSOUND (English) Yanis Varoufakis, Greek Finance Minister:

"By the president of the European Central Bank, simply by one sentence, when he said - 'I will do whatever it takes to save the euro.' Nobody said 'we will do whatever it takes to keep Greece in the euro'."

12. Audience clapping

STORYLINE

Greece's finance minister on Monday appealed to Germany's chancellor to come to his country to deliver "a speech of hope."

Finance Minister Yanis Varoufakis was speaking in Berlin, where he met his German counterpart to discuss Greece's bailout deal.

He said Greece was ready to implement all the reforms and agree to more austerity if Angela Merkel comes to the country to give the speech of hope.

Varoufakis compared Greece's debt woes to post-WW II Germany when in September 1946 US Secretary of State James Byrnes delivered a speech in Stuttgart outlining plans to rebuild Germany.

Greece has until the end of the month to secure a deal on its debt with its creditors.

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Yanis Varoufakis
An accidental economist Let me begin with a confession: I am a Professor of Economics who has never really trained as an economist. But let’s take things one at a time.

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