banking system playing the fiddle while the euro project burns at their feet well let's see what yanis varoufakis thinks he's professor of economics at the university of athens he's also author of this book you see there the global minute america the true origins of the financial crisis and the future of the world economy professor verify because it's so great to have you on the show especially on this big day for greece presumably so let's get right to this because it really seems like greece is in default already it seems that the greek government is really just trying to renegotiate its debt in a rational way that would allow it to continue servicing its payments without going into a total depression it seems like creditors and like the troika investors are really tries at trying to squeeze blood out of iraq here what am i missing. make much of a bird that greece is going to hold. but the whole point of this negotiation is how to find the euphemism which allows you to claim that this is not the fault of this defaulting it may sound cold but this is the state of play. europe has decided to back

economics professor yanis varoufakis from athens university thanks for being with us this hour if you. in other news several hundred occupy activists rallied in washington d.c. on tuesday marking the movement's four month anniversary but the protests would stretch from capitol hill to the white house felt to attract the thousands that organizers anticipated are just going to she can join the demonstrators. the protesters have shifted their focus from wall street to capitol hill and here they are hundreds of protesters gathered in front of the u.s. capitol building they have a permit to protest on this lawn but we have already seen several people arrested. protesters say when the interests of big corporations are at stake their voice their interests no longer count and they're angry at the fact that the influence of money is only set to grow in u.s. politics supreme court's decision now allows corporations to funnel as much money as they wanted to candidates and protesters say it's legalized corruption. the cozy relationship between big businesses on lawmakers here ledge to the complet

deadline for greece to get vital funds to slash its almost unserviceable that economists professor yanis varoufakis says but if the deal is approved the banks will be the only winners. nothing that happens in greece makes any difference because the only gotten decisions i reached in brussels in frankfurt in paris in berlin where the goose we default or not will depend ultimately on the official sector of the european union be with it they're prepared to fork out the money that is necessary in order to meet its repayment of the late last the latest the bond issue which is maturing in march whatever money greece will receive from now on from today hundreds it will be used in order to repaid the banks to the greek state what any money deceives it will get behind one pocket real exit from the other front and it will go back to the banks so that the big state sector the public sector the five five or six are not going to see a penny of it so this is called. a set of shenanigans consistent yet the now the installment in the agonizingly slow process to default which in the end is inevitable. more world ne

have a long way to go before they get to acceptance we're going to talk to a greek economist yanis varoufakis to really give us this insight into greece because this is what we see today greece the greek government really i should say is negotiating a way to not default but the country is pretty much in deep balls so we've got to figure out how this is all going to get a pan out lose and of course there's implications for us right here in the states so certainly hope our viewers will tune in to get all those details and a lot more coming up in just a few minutes carol that does it for now for more on the stories that we've covered please go to our dot com slash usa don't forget to check out our youtube page it's youtube dot com slash our team america as always you can follow me on twitter and check out what stories i'm following what i'm interested in and let me know what stories you want to see us talk about right here on r t that address for you is at lucy catherine of one word. when an uncomfortable question leads to a grave accusation the world who is more xeno following. the president wh