✉news Health Medicine first seen 19 h ago, last 1 h ago, peak #1

Varoufakis says Australia's rate rise is wrong medicine

Original: Australia’s interest rate rise is the wrong medicine and an even worse alibi | Yanis Varoufakis

Former Greek finance minister Yanis Varoufakis argues in the Guardian that Australia's latest interest rate rise is the wrong response to inflation and serves as an excuse for deeper economic failures. Writing in an opinion column, he contends the central bank's tightening will hurt borrowers without addressing the real causes of rising prices.

Why now: Varoufakis, a prominent commentator, has weighed in on Australia's ongoing debate over rate rises and the cost of living

Yanis Varoufakis Australia The Guardian Reserve Bank of Australia

Open on news →

Evidence

Australia’s interest rate rise is the wrong medicine and an even worse alibi | Yanis Varoufakis · The Guardian

API: https://socialmediatrends-api.osmike.com/v1/trends/902118