In a newly released autobiography, named Ithaki, the ex- premier Tsipras does not hold back while he reflects on that chaotic era of Greece's financial crisis.
A Controversial Choice
As per the ex-PM's version, he appointed that unorthodox academic Varoufakis as his finance minister largely due to the latter's worldwide fame along with Varoufakis's highly compelling abilities as a communicator.
“In reality, he was, truthfully, more of a celebrity rather than an economist,” stated Tsipras.
Clashing Priorities
The former leader alleges how his finance chief had a personal motives that involved promoting his books and testing out his game theories on the nation rather than genuinely fighting for its economic stability.
He explained how those discussions to stave off bankruptcy were “not only a method of achieving a better deal for Greece. They became a test, an historic opportunity to prove the validity of his theories.”
High-Stakes Talks
Amid rollercoaster discussions, the country came perilously on the brink of leaving the single currency area.
On the line was not only the country's destiny but also the punishing cutbacks demanded in exchange for bailout funds by foreign lenders.
Failed Options
Attempts to find financing elsewhere, including an urgent plea to Russia to buy Greek government bonds, fell on stony ground.
Assisting Greece was equivalent to throwing money in the trash-can, the Russian leader reportedly told Tsipras during their meeting.
Referendum Followed by Reversal
That summer, the excoriating bailout terms were subjected to a public vote, an action which plunged Europe into further crisis of identity.
Even though the referendum was won resoundingly by those against the cuts, the prime minister was forced but to reject its outcome then agree to a rescue deal from foreign lenders that proved to be tougher.
Final Straw
The ex-PM revealed how he began to doubt Varoufakis relatively soon.
“He was the face of negotiation, the man who attracted media attention, who graced the front pages of magazines the world over … it seemed he was enjoying his new role.”
After the minister outlined a backup strategy that included creating a parallel currency and issuing coupons to pensioners, Tsipras said he realised it was game over questioning Varoufakis: “Is this for real?”
Enduring Criticism
Within the book, Tsipras asserts how Varoufakis demonstrated himself to be “unfit for an agreement that required intricate and sensitive handling.”
He also wrote how Varoufakis's aggressive approach made him increasingly isolated among peers, put Greece at risk, and helped hardliners who were advocating Grexit.
The account of history has provoked anger along with stunned disbelief in some quarters, whereas Varoufakis has maintained a conspicuous quiet regarding these claims.
