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Greek Finance Minister: 'Europe Is Not Going to Expel Us From the Euro'
"Democracy Now!" airs weekdays at 9 a.m. PT on KCET.
With the debt clock ticking, Greece is running out of money fast. The country has ordered all state bodies to place their cash reserves in the nation's central bank, the Bank of Greece, as it struggles to stay afloat.
Greece is supposed to receive the last installment of its bailout funds from European creditors, but the country's new leftist, anti-austerity Syriza party has expressed concerns about the terms. The creditors are reportedly pressuring the country to restructure its labor market and curtail its pension system; Syriza has instead done the opposite by increasing pension payments to lower-wage workers.
Eurozone finance ministers will decide on Friday whether to release emergency funds to Greece. Without the funds, Greece may default on its debt payments in coming weeks and put its membership in the eurozone at risk.
"Democracy Now!" goes to Athens to speak with Greek Finance Minister Yanis Varoufakis.