Greek Finance Minister Varoufakis 'Austerity Has Done Nothing to Solve Greece's Problems'

Greek Finance Minister Giannis Varoufakis has had little luck convincing his EU counterparts that Athens needs a debt cut. He speaks with SPIEGEL about why austerity has failed, how aid conditions are like waterboarding and where the bailout money went.
Greek Finance Minister Giannis Varoufakis: "The truth of the matter is that 90 percent of that money never arrived in Greece."

Greek Finance Minister Giannis Varoufakis: "The truth of the matter is that 90 percent of that money never arrived in Greece."

Foto: Werner Schuering / DER SPIEGEL
Graphic: Returns on 10-year sovereign bonds.

Graphic: Returns on 10-year sovereign bonds.

Foto: DER SPIEGEL