record we'll speak about all of this with journalist greek journalist i should mention and commentator younis tell you a logos in athens and the g. twenty leaders descend upon those combos mexico and urged bold action for europe in the group's communique who talk about if this summit will have any effect on what we're seeing in europe and even bigger how greeks are reacting to comments engler merkel made on the sidelines plus business school administrations or at least one our teaching price fixing and how to cook the books what can we say finally surreal world lessons first success and we'll explain let's get to today's capital account . yesterday was a big day we saw a second round of elections in as many months after the ones in may resulted of course in an inability by the parties to form a viable coalition to govern the country all eyes seem focused on greece at least all eyes in our world of financial media and the results of this time are largely similar though less fragmented with the electorate coalescing around what may appear to be a new two party landscape a new democracy and seri

yeah don't ask for more when the terms are this bad this is the comparison that younis verify makes between the workhouses of a dickens novel and these so-called bailout funds he's here to tell us how it works and also how spain is going to fare entering this so-called work house also what this means for greece ireland and portugal and their crushing plights he's a professor of economics at the university of athens and author of the global minutes america the true origins of the financial crisis and the future of the world economy and we are so how be to have him on this show on a day when there is so much news going on in europe in spain and that has major implications for greece so first of all thanks so much for being on the show professor good morning it really is all mine so let's start with this spanish bank bailout because that's what's all over the news and i know you've been writing about it this is a bailout for the banks but the funds are funneled through the sovereigns so this increases the debt for spain possibly by as much as twenty percent according to one number i saw in the

to the kaiser report i'm max keiser time now to go to seattle talk with economist yanis varoufakis younis welcome back to the kaiser report it's very good to be back max all right yana. here we are again now spain is in line for a greek size to bail out some kind of balance that we've seen in greece already you like in the european aid to greece spain and the others as being dickensian a workouts explain what was a workhouse but work house was an institution under victorian conditions the purpose of which was to. the poor or from seeking the assistance of the rest of society and similarly the f.s.f. the european financial stability fund a significant purpose of which is supposed. to come to the assistance of member states of the eurozone that affect if i can possibly can finance themselves like spain now. they say that the conditions that are imposed by they said by the c b i think the europeans in general. all member states that need the assistance of the f.s.f. the keynesian workhouse conditions in other words there isn't why spain has been so reluctant or last few weeks to seek the ass

. >> reporter: there is no sign of collapse by assad's most elite military younis, but the rank and fileless loyal. opposition sources tell cnn some syrian troops may deliberately be missing their targets, a sign of support for the people. >> i've heard that on a number of occasions. it wouldn't surprise me. that can be these kind of slowdowns in the government and army and bureaucracy are a way of resisting the assad regime's reaction to the uprising. >> u.s. officials say there is no way to confirm the reports but it's now clear that opposition forces are strong enough that assad's most elite units cannot always respond everywhere they are needed. >> you have an opposition, set of opposition groups that is finding ways -- not totally coalesced but they are finding ways of organizing themselves more effectively. >> no one is saying that the syrian regime is about to crack, but just this week two brigadier generals and two colonels defected and that syrian pilot that's defected to jordan, u.s. officials believe he is a syrian colonel with intelligence about syrian military operations. ba