In a recently unveiled autobiography, titled Ithaki, the ex- premier Tsipras spares no criticism as he revisits that chaotic era during Greece's debt drama.
A Controversial Choice
As per the ex-PM's version, Tsipras appointed the unorthodox economist Varoufakis as the finance minister primarily due to his worldwide fame along with Varoufakis's very persuasive abilities as a public orator.
“He was, in reality, more of a personality and less of an economic expert,” stated the 51-year-old.
Clashing Agendas
Tsipras claims that his finance chief possessed his own motives which involved promoting his publications as well as experimenting with his economic models using the nation instead of truly advocating the country's financial survival.
He noted that the discussions to stave off insolvency became “not only a method of achieving improved terms for Greece. They became a test, an historic chance to prove the validity of his theories.”
Critical Talks
During volatile negotiations, Greece came dangerously close to exiting the eurozone.
At stake lay not only Greece's future but also those punishing austerity measures demanded in return for financial aid by international creditors.
Unsuccessful Options
Efforts to find financing elsewhere, such as a desperate appeal to the Kremlin to purchase Greek bonds, were rejected.
Assisting the indebted country was tantamount to tossing cash in the trash-can, the Russian leader is reputed to have informed his Greek counterpart in Moscow.
Public Vote Followed by U-Turn
In July 2015, those excoriating bailout terms were put to a popular referendum, a move that threw Europe into deeper existential crisis.
Even though the referendum was won decisively by those against austerity, the prime minister was forced but to reject its outcome and negotiate a rescue deal from creditors which proved to be even harsher.
Breaking Point
The ex-PM claimed how he started questioning Varoufakis quite early on.
“Varoufakis was the face of negotiation, the figure who attracted media attention, who graced the covers of publications globally … he gave the impression he relished the spotlight.”
When the minister outlined a backup strategy involving creating a secondary currency as well as issuing vouchers to pensioners, the leader said he realised that it was the end questioning Varoufakis: “Are you serious?”
Lasting Criticism
In the memoir, the author concludes how his former ally demonstrated himself “unsuitable for an agreement demanding intricate and sensitive handling.”
He also claimed that his aggressive approach made him increasingly isolated with colleagues, put Greece at risk, while helped hardliners that were pushing for Grexit.
The account of events has been met with fury along with stunned disbelief in some quarters, whereas Varoufakis has maintained a deafening silence regarding these claims.
