“If we sign the memorandum they want, the crisis will deepen,” said Fin Min Yanis Varoufakis speaking in public, at Agios Titos Sq. in Heraklion.

Journalists were waiting for Greek Finance Minister Yanis Varoufakis outside the ministry on Wednesday morning but it was a cleaning lady who managed to elicit a newsworthy statement.

A troika demand for further austerity and shrinking of the public sector, without taking in mind the impact on the Greek society and economy, serves only a strict implementation of lending terms and it is not based on some macro-economic model, Greek Finance Minister Yianis Varoufakis said in an interview in an Australian newspaper.