Greek Finance Minister Varoufakis Lays Out Negotiating Stance

MarketWatch Pulse

In an op-ed in Project Syndicate, Greek Finance Minister Yanis Varoufakis laid out his negotiating stance as his country tries to secure international aid. He said the country is eager to rationalize the pension system by limiting early retirement, proceed with the partial privatization of public assets, address non-performing loans, create a fully independent tax commission and boost entrepreneurship. He said the country is resisting additional wage cuts and pension cuts. "Our task is to convince our partners that our undertakings are strategic, rather than tactical, and that our logic is sound. Their task is to let go of an approach that has failed," he wrote.

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