In a freshly published autobiography, named Ithaki, the ex- premier Tsipras does not hold back while he revisits the turbulent era of Greece's debt drama.
A Controversial Choice
In Tsipras's recollections, he appointed the unorthodox academic Yanis Varoufakis as the treasury head primarily because of the latter's international reputation along with his highly compelling abilities when it came to speaker.
“In reality, he was, in reality, more of a star rather than an economist,” wrote the 51-year-old.
Clashing Priorities
Tsipras alleges that Varoufakis had his own motives that involved advancing his books as well as experimenting with his own game theories on the nation instead of genuinely advocating its financial survival.
Tsipras wrote how the discussions to prevent bankruptcy were “not just a way of achieving improved terms for Greece. They became an experiment, a monumental chance to prove the validity of his theories.”
Critical Talks
Amid volatile discussions, the country came perilously on the brink of leaving the eurozone.
On the line was both the country's destiny and the harsh austerity policies demanded in return for rescue loans by international creditors.
Unsuccessful Options
Attempts to find financing from other sources, such as a desperate plea to Russia to buy Greek government bonds, were rejected.
Helping Greece was equivalent to throwing money into the garbage, Putin reportedly informed Tsipras during their meeting.
Public Vote and Reversal
In July 2015, those excoriating conditions were subjected to a popular referendum, a move which threw the EU into further crisis of identity.
Although the referendum was carried decisively by those against the cuts, Tsipras had little option but to reject its outcome and agree to a rescue deal with foreign lenders which turned out to be more severe.
Final Straw
The ex-PM claimed how he started questioning his finance minister quite early on.
“Varoufakis was the public image of the talks, the man who attracted publicity, who graced the front pages of publications globally … he gave the impression he relished his new role.”
After Varoufakis proposed a backup strategy involving creating a parallel currency and distributing coupons to retirees, Tsipras knew it was game over and asked him: “Can you be serious?”
Lasting Criticism
Within the book, Tsipras concludes how his former ally demonstrated himself to be “unsuitable for a deal that required intricate and sensitive management.”
He further wrote how his aggressive approach made him more and more alone among peers, endangered the country, and helped hardliners who were pushing for a Greek exit from the euro.
This account of history has been met with fury along with shock among certain groups, whereas Varoufakis has maintained a deafening silence on the matter.
