Within his newly released autobiography, named Ithaki, the ex- leader Alexis Tsipras does not hold back as he revisits that turbulent era of Greece's financial crisis.
A Controversial Appointment
As per Tsipras's version, he appointed the unorthodox academic Yanis Varoufakis to be his finance minister largely due to the latter's worldwide fame and his highly compelling abilities when it came to communicator.
“In reality, he was, actually, more of a celebrity and less of an economist,” wrote the 51-year-old.
Clashing Agendas
Tsipras alleges how his finance chief had his own motives which included promoting his books as well as experimenting with his theories using the nation rather than genuinely advocating the country's economic stability.
Tsipras explained how the talks to stave off insolvency were “not just a way to secure improved terms for the country. They became a test, a monumental chance to demonstrate the truth of his economic theories.”
Critical Talks
During volatile discussions, the country came perilously on the brink of exiting the eurozone.
On the line lay not only Greece's destiny but also the harsh cutbacks demanded in exchange for financial aid from international creditors.
Failed Alternatives
Attempts to find funds elsewhere, such as an urgent appeal to Russia to buy Greek bonds, fell on stony ground.
Assisting the indebted country would be tantamount to tossing cash into the garbage, Putin is reputed to have informed Tsipras in Moscow.
Public Vote Followed by Reversal
In July 2015, the punitive conditions were put to a popular referendum, an action which plunged the EU into further crisis of identity.
Although the referendum was won resoundingly by voters against austerity, Tsipras was forced but to ignore the result then agree to a rescue deal with foreign lenders that proved to be tougher.
Final Straw
The ex-PM revealed how he began to doubt Varoufakis relatively soon.
“He was the public image of negotiation, the figure who attracted media attention, who appeared on the front pages of publications globally … he gave the impression he relished the spotlight.”
When the minister proposed a contingency plan involving creating a parallel currency and distributing vouchers to pensioners, the leader knew it was the end and asked Varoufakis: “Can you be serious?”
Enduring Rebuke
Within the memoir, the author asserts how his former ally had proved himself to be “unsuitable for an agreement demanding intricate and delicate handling.”
Tsipras further claimed how his aggressive style left him more and more alone among peers, put Greece at risk, and helped hawks who were pushing for Grexit.
The account of history has provoked anger and stunned disbelief among certain groups, whereas the former minister has so far maintained a deafening silence on the matter.
