Greece Should Default Within the Euro Zone: Expert

11:30 AM ET Tue, 7 Feb 2012

Yanis Varoufakis, professor at the University of Athens, told CNBC, "this bailout is certainly not the right answer for anyone, for Greece, for the euro zone, for the world. Here we have a typical bankruptcy problem, the first time around we decided to treat it like an illiquidity problem, it wasn't."