Within his recently unveiled memoir, named Ithaki, the ex- premier Tsipras spares no criticism as he reflects on that turbulent era during Greece's debt drama.
A Controversial Appointment
In Tsipras's account, Tsipras appointed the unorthodox academic Yanis Varoufakis to be the treasury head largely because of his global profile and Varoufakis's highly compelling abilities when it came to public orator.
“He was, actually, more of a celebrity rather than an economic expert,” recalled the 51-year-old.
Clashing Priorities
The former leader claims that Varoufakis had a personal agenda which involved advancing Varoufakis's books as well as experimenting with his game theories on the nation rather than truly fighting for its economic stability.
He explained how those negotiations to prevent bankruptcy were “not just a method to secure a better deal for the country. They became an experiment, an historic opportunity to demonstrate the validity of Varoufakis's theories.”
Critical Negotiations
Amid rollercoaster negotiations, the country came dangerously on the brink of leaving the eurozone.
At stake was not only Greece's destiny but also those severe cutbacks required in exchange for bailout funds from international creditors.
Unsuccessful Alternatives
Attempts to secure funds from other sources, including a desperate plea to Russia to buy Greek bonds, were rejected.
Assisting Greece was equivalent to tossing cash into the garbage, the Russian leader reportedly informed Tsipras during their meeting.
Public Vote and U-Turn
In July 2015, those excoriating bailout terms were subjected to a popular referendum, an action that threw the EU into further crisis of identity.
Even though the vote was won resoundingly by those who opposed the cuts, the prime minister was forced to ignore the result then agree to a rescue deal from creditors which turned out to be even harsher.
Breaking Point
The ex-PM claimed how he started questioning his finance minister quite early on.
“Varoufakis was the public image of negotiation, the man who attracted media attention, who appeared on the covers of magazines the world over … he gave the impression he was enjoying the spotlight.”
After the minister outlined a contingency plan that included establishing a secondary currency and distributing vouchers to retirees, the leader said he realised it was game over and asked Varoufakis: “Can you be serious?”
Lasting Criticism
Within the memoir, the author asserts that Varoufakis demonstrated himself to be “unsuitable for an agreement demanding complex and sensitive management.”
Tsipras further claimed that his aggressive style left him more and more alone with colleagues, endangered the country, and helped hawks who were advocating Grexit.
The account of events has been met with fury and shock among certain groups, whereas the former minister has so far maintained a conspicuous quiet regarding these claims.
