28 Jan '15, 12pm

Greece’s New Finance Minister: Bitcoin ‘Highly Problematic Currency’:

Greece’s New Finance Minister: Bitcoin ‘Highly Problematic Currency’:

The Finance Minister of Greece’s new radical left-wing government, while at the center of anti-austerity financial policy, is in no way optimistic about Bitcoin, it has emerged. In an article on his website blog from April 2013, Yanis Varoufakis discusses the “impossibility” of a decentralized currency being controlled “apolitically,” and describes this as a “dangerous fantasy.” He stated: “[T]here can be no de-politicized currency capable of ‘powering’ an advanced, industrial society.” Varoufakis has inherited Europe’s worst-performing economy, and will seek to end the austerity measures put in place by the previous Greek government following the 2008 financial crisis. Greece’s economy has shrunk by over a quarter since that time, and in line with Prime Minister Alexis Tsipras’ aspirations, Varoufakis will be under pressure to present policies that will deliver radical ch...

Full article: http://cointelegraph.com/news/113380/greeces-new-finance-...

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