Within his recently unveiled memoir, named Ithaki, the ex- premier Tsipras pulls no punches while he reflects on that turbulent period during Greece's economic turmoil.
An Unconventional Appointment
In Tsipras's recollections, Tsipras chose that unorthodox academic Varoufakis as the finance minister primarily because of the latter's worldwide fame along with his highly compelling abilities as a public orator.
“In reality, he was, in reality, more like a celebrity and less of an economist,” stated the 51-year-old.
Conflicting Priorities
The former leader suggests that Varoufakis possessed a personal motives which involved promoting Varoufakis's publications as well as testing out his own theories on the nation instead of truly advocating its economic stability.
He explained how the discussions to prevent bankruptcy were “not just a method to secure improved terms for the country. They became a test, a monumental opportunity to prove the validity of Varoufakis's ideas.”
High-Stakes Talks
During rollercoaster discussions, Greece found itself dangerously close to exiting the eurozone.
On the line was not only the country's future but also those punishing austerity policies demanded in return for financial aid by international creditors.
Unsuccessful Alternatives
Efforts to secure financing from other sources, including a desperate appeal to the Kremlin to purchase Greek government bonds, fell on stony ground.
Assisting Greece would be equivalent to tossing cash into the garbage, Putin reportedly told his Greek counterpart during their meeting.
Referendum Followed by Reversal
In July 2015, the punitive bailout terms were put to a public vote, an action that threw Europe into a deeper existential crisis.
Although the vote was carried decisively by voters who opposed the cuts, the prime minister was forced but to ignore the result then agree to a rescue deal from foreign lenders which proved to be tougher.
Final Straw
The ex-PM claimed how he started questioning Varoufakis relatively soon.
“He was the public image of the talks, the man who drew publicity, who appeared on the front pages of publications the world over … it seemed he was enjoying his new role.”
After the minister outlined a backup strategy involving establishing a parallel currency as well as distributing coupons to retirees, Tsipras knew it was the end questioning him: “Are you serious?”
Lasting Criticism
Within the book, the author concludes that his former ally demonstrated himself to be “unsuitable for a deal demanding intricate and sensitive handling.”
Tsipras further claimed how his confrontational style made him increasingly isolated with colleagues, endangered the country, while helped hardliners that were advocating Grexit.
This account of history has been met with anger along with stunned disbelief in some quarters, whereas Varoufakis has so far maintained a conspicuous quiet on the matter.
