> The concept is to replace the convoluted welfare systems that has been built up incrementally over decades with a simple monthly payment straight into people's accounts. In a country that is suffering from high unemployment and a significant shortfall in domestic demand as a consequence, such a scheme could (in theory) offer a backstop for Greek demand. It would provide individuals with the confidence of a future income and alleviate part of the "humanitarian crisis" currently being suffered in Greece.
I'm looking forward to it, Greece might be the perfect place to test out basic income. If they find a feasible implementation and it works, Yanis Varoufakis is going to trigger the biggest economy revolution in decades.