Within his freshly published autobiography, called Ithaki, the former prime minister Alexis Tsipras spares no criticism as he reflects on the chaotic era of Greece's economic turmoil.
An Unconventional Appointment
In Tsipras's version, Tsipras chose that maverick academic Varoufakis as his treasury head mainly due to the latter's worldwide fame and Varoufakis's highly compelling skills when it came to public orator.
“In reality, he was, truthfully, more of a personality and less of an economist,” stated the 51-year-old.
Conflicting Agendas
The former leader claims how his finance chief possessed a personal agenda that included advancing Varoufakis's publications as well as testing out his game theories on Greece rather than genuinely advocating its financial survival.
He noted how those discussions to stave off bankruptcy became “not just a way to secure a better deal for the country. They became a test, a monumental opportunity to demonstrate the validity of Varoufakis's theories.”
Critical Talks
Amid rollercoaster negotiations, the country found itself dangerously on the brink of leaving the eurozone.
On the line was both the country's destiny and those harsh austerity measures required in return for financial aid by foreign lenders.
Unsuccessful Alternatives
Attempts to find financing from other sources, such as an urgent plea to Russia to buy Greek government bonds, went unanswered.
Helping Greece was equivalent to tossing cash in the trash-can, Putin reportedly told his Greek counterpart in Moscow.
Public Vote Followed by Reversal
In July 2015, those punitive conditions were subjected to a popular referendum, a move which plunged Europe into deeper existential crisis.
Although the vote was won decisively by those who opposed the cuts, Tsipras had little option to reject its outcome and agree to a rescue deal with creditors that turned out to be tougher.
Breaking Point
Tsipras revealed how he started questioning Varoufakis relatively soon.
“He was the public image of the talks, the figure who attracted media attention, who graced the front pages of magazines the world over … he gave the impression he relished his new role.”
When Varoufakis proposed a backup strategy involving creating a secondary currency as well as distributing vouchers to retirees, the leader said he realised it was game over and asked Varoufakis: “Can you be serious?”
Lasting Criticism
Within the book, Tsipras concludes that his former ally had proved himself “unsuitable for a deal demanding intricate and delicate handling.”
Tsipras further claimed that Varoufakis's aggressive approach left him more and more alone with colleagues, put Greece at risk, and assisted hawks who were pushing for a Greek exit from the euro.
The retelling of history has provoked anger along with shock among certain groups, whereas Varoufakis has kept a deafening silence regarding these claims.
