Former Greek Finance Minister Yanis Varoufakis announced the establishment of a new Greek political party named MeRA 25, speaking at a press conference in Athens, Monday. According to Varoufakis, one of the main grounds for creating the new political party, was that the Greek community was «in debt,» adding that MeRA 25 — an acronym for the European Realist Disobedience Front — was born from... Еще the pan-European Diem 25 movement. «Our analysis is that Greece is in its worst state and is facing its worst threat since the civil war. What happened in May 2010, was the vertical and irrevocable bankruptcy of the Greek state. We went through a four-time bankruptcy. Bankrupt country, Bankrupt financial institutions, bankrupt households and unsustainable business,» said Varoufakis. MeRA 25 is part of leftist pan-European Democracy in Europe Movement 2025 (DIEM 25), founded by Croatian philosopher Srecko Horvat.