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Yanis Varoufakis

Varoufakis attacks Tsipras, advises anti-austerity UK Labour Party head Corbyn in RT interview

Former Greek finance minister Yanis Varoufakis unleashed a fresh attack on his former allies in the Syriza party, days before it faces a tough battle in an early national election. “I am not part of Syriza any more. I do…

Greek Finance minister resigns “wearing the creditors’ loathing with pride”

This morning Yanis Varoufakis announced on his blog that he would be “Minister No More”. The short text explained that: “Soon after the announcement of the referendum results, I was made aware of a certain preference by some Eurogroup participants,…

Greece wins approval from Eurogroup, but seriously, what was the big fight between Varoufakis and Schäuble all about?

On Friday, after days of intense and difficult negotiations, Greece and the Eurogroup were able to approve an agreement covering the next four months. Whereas Greece wanted to call the deal “bridging finance”, the Eurogroup insisted on calling it a…

Greece edges closer to an exit from the Euro as Germany gets ready to push

The game currently being played by members of the Eurozone to see who will change position first is coming into its final days. Greece is asking for time to come up with a new plan and to receive financing to…

Finance minister: Euro will collapse if Greece forced out

The Greek finance minister has warned that the euro will collapse if his country is forced out of the currency bloc. “The euro is fragile, it’s like building a castle of cards, if you take out the Greek card the…

Winds of change in Greece

A week is a long time in politics, as the saying goes, and never was this more clearly illustrated than in Greece over the last seven days. One week ago, a country with no self-esteem was on its knees begging…

Greece refuses to recognise the hated troika any longer

The new Greek finance minister, Yanis Varoufakis announced today that the government would not be dealing any more with appointed delegates of the “troika” (the IMF, the European Central Bank and the European Commission) who are seen as responsible for…

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