In a newly released autobiography, called Ithaki, the former leader Tsipras does not hold back while he revisits the chaotic period of Greece's debt drama.
A Controversial Appointment
According to Tsipras's recollections, he selected that unorthodox economist Yanis Varoufakis to be the finance minister mainly because of his international reputation along with his “extremely attractive” skills as a communicator.
“In reality, he was, actually, more like a celebrity rather than an economist,” stated the 51-year-old.
Conflicting Agendas
Tsipras claims that Varoufakis had a personal agenda that included advancing Varoufakis's publications as well as testing out his game theories using the nation instead of truly fighting for the country's financial survival.
Tsipras explained how those talks to avoid insolvency 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 economic theories.”
High-Stakes Talks
Amid volatile discussions, Greece came dangerously close to exiting the eurozone.
On the line was both the country's future and the severe austerity policies demanded in return for rescue loans from international creditors.
Unsuccessful Options
Attempts to find funds from other sources, including a desperate appeal to Russia to buy Greek bonds, went unanswered.
Assisting the indebted country was tantamount to tossing cash in the trash-can, Putin reportedly informed his Greek counterpart during their meeting.
Referendum and U-Turn
That summer, those punitive bailout terms were subjected to a public vote, a move that plunged Europe into deeper crisis of identity.
Even though the referendum was won decisively by those who opposed the cuts, the prime minister was forced to reject its outcome and agree to a rescue deal from creditors that turned out to be even harsher.
Final Straw
The ex-PM claimed that he began to doubt Varoufakis relatively soon.
“Varoufakis was the public image of the talks, the figure who drew publicity, who appeared on the covers of publications the world over … it seemed he was enjoying his new role.”
When Varoufakis outlined a backup strategy that included establishing a parallel currency and issuing coupons to pensioners, the leader said he realised that it was the end and asked Varoufakis: “Can you be serious?”
Enduring Criticism
In the book, Tsipras asserts how Varoufakis had proved himself “unsuitable for an agreement demanding intricate and delicate handling.”
He also wrote how Varoufakis's aggressive approach made him increasingly isolated with colleagues, endangered the country, while assisted hardliners that were advocating a Greek exit from the euro.
The retelling of events has provoked anger along with shock among certain groups, whereas Varoufakis has so far maintained a conspicuous quiet regarding these claims.
