Within his newly released autobiography, named Ithaki, the ex- leader Alexis Tsipras spares no criticism as he revisits that chaotic period during Greece's economic turmoil.
An Unconventional Choice
As per the ex-PM's recollections, Tsipras appointed the maverick economist Yanis Varoufakis as his finance minister largely due to his worldwide fame along with his “extremely attractive” abilities as a public orator.
“In reality, he was, in reality, more of a personality rather than an economist,” wrote the 51-year-old.
Clashing Priorities
Tsipras claims that his finance chief possessed his own motives that included advancing his books and experimenting with his game theories on the nation instead of truly advocating its economic stability.
Tsipras explained how the negotiations to prevent bankruptcy were “not just a way to secure improved terms for the country. They were a test, an historic opportunity to demonstrate the truth of Varoufakis's theories.”
High-Stakes Talks
Amid volatile discussions, the country came perilously on the brink of leaving the eurozone.
On the line lay not only the country's destiny and the harsh austerity policies required in return for financial aid by foreign lenders.
Failed Options
Attempts to find financing from other sources, such as a desperate plea to Russia to buy Greek bonds, went unanswered.
Assisting Greece was tantamount to throwing money into the garbage, the Russian leader reportedly told his Greek counterpart during their meeting.
Public Vote and Reversal
In July 2015, the punitive bailout terms were subjected to a public vote, an action which threw the EU into a further existential crisis.
Even though the referendum was carried decisively by those against the cuts, Tsipras was forced but to reject its outcome then negotiate a rescue deal with creditors that proved to be tougher.
Final Straw
The ex-PM revealed that he began to doubt Varoufakis quite early on.
“He was the public image of the talks, the figure who drew media attention, who appeared on the front pages of publications globally … it seemed he relished the spotlight.”
When Varoufakis outlined a backup strategy that included creating a parallel currency and issuing vouchers to pensioners, the leader said he realised that it was game over and asked Varoufakis: “Are you serious?”
Lasting Criticism
In the memoir, Tsipras asserts how his former ally demonstrated himself to be “unfit for a deal demanding intricate and delicate handling.”
Tsipras also claimed that Varoufakis's confrontational style made him more and more alone with colleagues, put Greece at risk, and helped hardliners that were pushing for Grexit.
The retelling of history has been met with fury and shock in some quarters, whereas the former minister has maintained a deafening silence on the matter.
