former communist yanis varoufakis was chosen as deputy premier.is role is to oversee ministries related to the economy. >> we will do everything in our power to make sure what is just begun has long jeopardy. >> the finance industry will be run by yanis varoufakis. a longtime critic of the bailout deal, his promise to define advice to put up or shut up and see solutions to europe. >> we are about to begin new negotiating with our partners. the challenge is how to minimize social cost that were unnecessary throughout europe. >> then the leader of the party that was named defense minister. he has a strong austerity stance. the campaign promise to renegotiate the bailout appears to be alive and well. a warning of the consequence. the election results were described as credit negative and can along -- prolonged risk. >> the new government is causing some turmoil on the markets today. >> that is right. the benchmark has been rising after that cabinet meeting today, up over 10%, the yield on the 10 year bond. we locked greece out of markets. they are st

yanis varoufakis will be the next greek finance minister. he spoke to him yesterday.et's get straight out to greece. guy johnson and the beginnings of what we understand who will run the finances in degrees. i? >> it has come out on the personal blog. let me read to you what he said. it will be more infrequent and shorter but i hope they compensate with a juicy your views, comments, and insights. carry on his blo now that he has been named finance ministerg. he calls himself the accidental economist. it is interesting, the greek press reporting that yanis varoufakis have -- if i can get my pronunciation right had spoken yesterday after the eurogroup at meetings and maybe that is an indication of the conversation is already started between greece and the rest of the eurozone about what happens next with the debt load. he is going to be the finance minister and he has done so on his personal blog. we spoke to him yesterday on air and he talked about how the negotiations were to go. i spoke to him last night as he was walking out of the athens plaza hotel on the other si

on greece's new finance minister wednesday, yanis varoufakis announced the decision. >> one of our first moves will be the immediate cutting up costs at the ministry. for example, the number of advisers. this spending cut will fund the retiring of the cleaning ladies at the ministry. -- rehiring of the cleaning ladies at the ministry. >> attorney general nominee loretta lynch is back on capitol hill today for day two of her confimration hearing. if confirmed, lynch will become the first african-american woman to serve as attorney general. during wednesday's hearing, lynch described the national security agency's spying programs as "constitutional and effective." >> recent events have underscored the importance of this as an issue in the war on terror. i would hope we could move forward with any proposed changes to fisa with a full and complete understanding of the risks that we are still facing, and if any changes need to be made, again, after full and fair consideration with this committee met with the intelligence committee, and the discussions that we need to have, making sure we can

. >> yanis varoufakis is expected to be named as greece's new finance minister today. he is an economics professor who once described the eu-imposed austerity measures as "fiscal waterboarding." during an interview on channel 4 in britain, he vowed to destroy the greek oligarchy. >> it has been jeopardized by this unholy alliance between bankers, developers, and media owners who become the voice of those who want to sponge off everyone else's efforts. >> what we do to the oligarchy? >> we're going to destroy the basis upon which they have built for decade after decade a system and network that viciously sucks the energy and economic power from everybody else. >> on monday, greece's new prime minister alexis tsipras visited a world war two national resistance memorial in his first outing as the country's new leader. the memorial is located at the site where the nazis executed 200 greek communist resistance fighters in may 1944. during the recent campaign tsipras called on germany to pay , greece reparations for damages incurred during the nazi occupation. at a governmen

. -- yanis varoufakis is talking.of things, that greece needs trust and honesty with the eu. here's what he's saying. that greases -- that greece's debt was treated like a liquidity problem. that greece was never going to have the money and will never have the money. >> is this the new contagion of 2015? >> the greek prime minister is actually pro-russian. he's not playing ball with the europeans. i think they see him as a bit of a problem. what -- >> where does his plane and right now? >> is in trouble. >> you are saying, as predicament that he will look to moscow. >> when all of the leaders get like -- get together like that, it works a lot like the senate, except that everyone can filibuster indefinitely. >> i guess greece could blow up again, but the issue is that everyone sees greece as discrete and separate. you agree or is there a knock on effect? >> this is hitting the eu at a particularly bad time in general. the eu economies are not doing very well, with the exception of germany. when you look at the greek p