In a freshly published memoir, called Ithaki, the ex- leader Alexis Tsipras does not hold back as he examines the chaotic period of Greece's economic turmoil.
An Unconventional Choice
According to Tsipras's account, he chose that unorthodox economist Varoufakis to be the treasury head mainly due to the latter's global profile and Varoufakis's highly compelling skills as a public orator.
“He was, truthfully, more of a personality rather than an economic expert,” stated Tsipras.
Clashing Agendas
Tsipras claims that Varoufakis had a personal agenda that included promoting Varoufakis's books as well as testing out his theories using the nation rather than genuinely advocating the country's financial survival.
He noted how those discussions to avoid bankruptcy were “not only a method of achieving improved terms for the country. They were a test, a monumental opportunity to demonstrate the truth of his ideas.”
Critical Talks
During tense negotiations, the country found itself dangerously close to leaving the eurozone.
On the line was not only Greece's destiny but also those harsh austerity measures required in return for financial aid from international creditors.
Unsuccessful Options
Attempts to find financing elsewhere, such as a desperate appeal to Russia to buy Greek bonds, went unanswered.
Helping Greece would be tantamount to throwing money into the garbage, the Russian leader reportedly informed Tsipras during their meeting.
Referendum Followed by U-Turn
That summer, the punitive conditions were subjected to a popular referendum, an action that threw Europe into a deeper crisis of identity.
Although the referendum was carried decisively by voters against austerity, Tsipras was forced to ignore the result and agree to a rescue deal from foreign lenders which turned out to be even harsher.
Final Straw
The ex-PM claimed how he started questioning Varoufakis quite early on.
“He was the public image of negotiation, the figure who drew publicity, who graced the covers of publications the world over … he gave the impression he relished the spotlight.”
After the minister outlined a contingency plan that included creating a parallel currency and issuing vouchers to retirees, Tsipras knew it was the end and asked him: “Can you be serious?”
Lasting Criticism
Within the book, Tsipras concludes that his former ally had proved himself to be “unsuitable for an agreement demanding intricate and delicate management.”
He also claimed that Varoufakis's aggressive style made him more and more alone with colleagues, endangered the country, while helped hardliners who were pushing for a Greek exit from the euro.
The retelling of events has been met with anger and stunned disbelief among certain groups, whereas Varoufakis has so far maintained a deafening silence on the matter.
