“Are You Totally Stupid”: Varoufakis Reveals Outburst Against Tsipras

“Are You Totally Stupid”: Varoufakis Reveals Outburst Against Tsipras :

Remember the Summer of 2015 Greek tragicomedy, when Athens bluffed, then double bluffed it was going to exit the Eurozone only to realize all its deposits are held hostage by the ECB, resulting in “pro-austerity” PM Alexis Tsipras becoming a vassal of Brussels, and firing his firebrand finance minister Yanis Varoufakis who demanded Greece hold until the bitter end?

Well, it now appears that the bad blood between the two is still there because as The Greek Reporter writes this morning, Yanis Varoufakis revealed he accused Prime Minister Alexis Tsipras of being “totally stupid” in accepting a demand by Greece’s creditors for big primary surpluses.

During an interview with Greece’s Parapolitika radio, Varoufakis said when he learned that Tsipras in 2015 accepted, without consulting him, a primary surplus target of 3.5% he confronted the premier:

“I told him: ‘Are you totally stupid? What have they given you in return?’ And he replied: ‘Oh, maybe I was stupid. I will retract from the promise’.” Amusingly, Varoufakis actually said he used a stronger word than “stupid”.

Read more“Are You Totally Stupid”: Varoufakis Reveals Outburst Against Tsipras

Yanis Varoufakis Issues a Major Warning to the Greek People

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Yanis Varoufakis Issues a Major Warning to the Greek People:

Varoufakis said that Schäuble, Germany’s finance minister and the architect of the deals Greece signed in 2010 and 2012, was “consistent throughout”. “His view was ‘I’m not discussing the program – this was accepted by the previous [Greek] government and we can’t possibly allow an election to change anything.

 “So at that point I said ‘Well perhaps we should simply not hold elections anymore for indebted countries’, and there was no answer. The only interpretation I can give [of their view] is, ‘Yes, that would be a good idea, but it would be difficult. So you either sign on the dotted line or you are out.’”

– From last year’s post:  Everything You Need to Know About the Greek Crisis and ECB Fascism in Two Paragraphs

By now, most of you have heard about Wikileaks’ release of internal deliberations between the top two IMF officials in charge of managing the Greek debt crisis – Poul Thomsen, the head of the IMF’s European Department, and Delia Velkouleskou, the IMF Mission Chief for Greece.

Read moreYanis Varoufakis Issues a Major Warning to the Greek People

Former Finance Minister Compares Current Financial Crisis to Great Depression

Former elite puppet finance minister …

And as I’ve said many, many times: This is the Greatest Depression.


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Former Finance Minister Compares Current Financial Crisis to Great Depression:

Greece’s financial crisis, unprecedented in scope, reached a pivotal moment last summer when the Greek people voted overwhelmingly against further austerity programs — ostensibly imposed to help the country pay back enormous debt. Overseeing the matter was Syriza Party Finance Minister Yanis Varoufakis — a staunch opponent of the crippling austerity measures that had effected a stranglehold on the country’s economy.

Greece’s debt to the so-called Troika — the International Monetary Fund, European Commission, and European Central Bank — turned out not to be the true reason for the proposed austerity. As Varoufakis discovered, the Troika actually, if somewhat covertly, intended to decimate Greek organized labor and the country’s modest social safety net. After the Greek populace stunned the world with its ‘no’ vote, Varoufakis sensed the coming accession by Syriza to implement the plans — and he hastily and quietly resigned his post.

Read moreFormer Finance Minister Compares Current Financial Crisis to Great Depression

Varoufakis Tells All: Tsipras Was “Dispirited” With “No” Vote, Referendum Was Meant As “Exit Strategy”

Most notably, Varoufakis says Tsipras was “dispirited” by the “no” vote and that many in the Greek government were indeed depending on a “yes” vote to give them a way out of what seemed like an intractable situation.


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Varoufakis Tells All: Tsipras Was “Dispirited” With “No” Vote, Referendum Was Meant As “Exit Strategy” (ZeroHedge, Aug 5, 2015):

In the wake of Greek PM Alexis Tsipras’ seemingly inexplicable decision to disregard a referendum outcome he had aggressively campaigned for on the way to accepting a deal with Athens’ creditors that looked far worse than the proposal that 62% of Greek voters indicated was unacceptable just a week prior, some began to question whether Tsipras intended to win the referendum at all. 

Read moreVaroufakis Tells All: Tsipras Was “Dispirited” With “No” Vote, Referendum Was Meant As “Exit Strategy”

Concerned About “Treason” Charges, Varoufakis Issues Public Statement On “Cloak And Dagger” Drachma “Plan B”

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Concerned About “Treason” Charges, Varoufakis Issues Public Statement On “Cloak And Dagger” Drachma “Plan B” (ZeroHedge, July 27, 2015):

Over the weekend, the media world was abuzz with the leaked recording made during a July 16 “Greek Day” meeting by the Official Monetary and Financial Institutions Forum (OMFIF) which included a group of sovereign wealth funds, pension funds, and life insurers  in which it was reveaked that Yanis Varoufakis had been in the process of preparing Greece for a cloak and dagger “Plan B” which included as its highlight a process for returning to the Drachma.

Previously we presentted both the Kathimerini framing of this leak, as well as the recording itself (which was hardly supposed to be made public).

Overnight, the Telegraph’s Ambrose-Pritchard reported that “Mr Varoufakis told the Telegraph that the quotes were accurate but some reports in the Greek press had been twisted, making it look as if he had been plotting a return to the drachma from the start.   

“The context of all this is that they want to present me as a rogue finance minister, and have me indicted for treason. It is all part of an attempt to annul the first five months of this government and put it in the dustbin of history,” he said.

It totally distorts my purpose for wanting parallel liquidity. I have always been completely against dismantling the euro because we never know what dark forces that might unleash in Europe,” he said.

Read moreConcerned About “Treason” Charges, Varoufakis Issues Public Statement On “Cloak And Dagger” Drachma “Plan B”

Goodbye Troika: Germany Rides Into Its Greek Colony On The “Quadriga”

Quadriga

– Goodbye Troika: Germany Rides Into Its Greek Colony On The “Quadriga” (ZeroHedge, July 27, 2015):

With creditors’ motorcades having officially returned to the streets of Athens in the wake of Greek lawmakers’ approval of the second set of bailout prior actions last Wednesday, tensions are understandably high.

After all, these are the same “institutions” which Yanis Varoufakis famously booted from Greece after Syriza swept to power in January, and they’ve come to represent the oppression of the Greek people and are now a symbol of the country’s debt servitude.

Although an absurd attempt was made to rebrand the dreaded “troika” earlier this year, the new and rather amorphous moniker – “the institutions” – never really stuck and perhaps because everyone involved felt the need to put a new name to the group that Greeks regard as the scourge of the Aegean in order to make negotiators feel safer on their trips to Athens, creditors have now added the ESM to their collective and rebranded themselves “The Quadriga.” 

Apparently (and unfortunately), this is not a joke. Here’s MNI:

Read moreGoodbye Troika: Germany Rides Into Its Greek Colony On The “Quadriga”

The Full Audio Recording Of Varoufakis’ Drachma Plan B

The Full Audio Recording Of Varoufakis’ Drachma Plan B (ZeroHedge, July 27, 2015):

On Sunday, in “Reports Of Secret Drachma Plots Leave Tsipras Facing Fresh Crisis“, we outlined an alleged “cloak and dagger” (to use Ambrose Evans-Pritchard’s words) plot spearheaded by Yanis Varoufakis, to set up a parallel banking system for Greece that could be activated in the event pressure from Brussels and the ECB crippled the country’s ability to transact in euros.

According to a recorded teleconference between the former FinMin and “international hedge funds” heard by Kathimerini, Varoufakis planned to create secret accounts using tax filer numbers for individuals and corporations which he would obtain by hacking into the troika-controlled General Secretary of Public Revenues. Greeks would be made aware of the accounts’ existence in the event the banking system ceased to function altogether, and Athens would effectively facilitate payments through the new system in defiance of the EMU. Clearly, this would not have been well received by Brussels – especially the bit about hacking their software – but ultimately, because the new system would be entirely controlled by Varoufakis’ finance ministry, it could be converted to the drachma immediately.

Read moreThe Full Audio Recording Of Varoufakis’ Drachma Plan B

Reports Of Secret Drachma Plots Leave Tsipras Facing Fresh Crisis

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Reports Of Secret Drachma Plots Leave Tsipras Facing Fresh Crisis (ZeroHedge, July 26, 2015):

On Friday, we brought you the shocking story of the rebellion that never was in Greece.

According to FT, Former Greek Energy Minister and maverick among mavericks Panayotis Lafazanis convened a “secret” meeting at the Oscar Hotel in Athens on July 14 at which he attempted to convince Syriza hardliners (including, in FT’s words, “supporters of the late Venezuelan president Hugo Chávez [and some] old-fashioned communists”) to storm the Greek mint, seize the country’s currency reserves, and, if necessary, arrest central bank governor Yannis Stournaras.

Lafazanis

(Lafazanis)

Obviously, the plan was never implemented, but if the story is even partly true it betrays the degree to which Greece teetered on the edge of social upheaval and even civil war in the days that followed PM Alexis Tsipras’ decision to concede to creditors’ demands and abandon not only Syriza’s election mandate but the very referendum outcome he had himself campaigned for just days prior. 

Read moreReports Of Secret Drachma Plots Leave Tsipras Facing Fresh Crisis

Varoufakis Slams Bailout #3 As “Greatest Macroeconomic Disaster In History” While Tsipras “Doesn’t Eat Or Sleep”

Varoufakis-oligarchy

Let’s take a look where his wife, Danae Stratou, is coming from:

GreekReporter:

“Stratou was born to an elite family in Athens, Greece, in 1964. She graduated from London’s St. Martins College of Art and Design and evolved into a remarkable artist. However, even if she is the girl that wanted to live like common people and did so, Greece’s society would not allow her to be seen as a commoner because of her family name. This is why she probably left the country at an early stage of her life.

The artist is related — on her father’s side– to the Stratos family, who founded the Piraiki Patraiki textile industry in the Peloponnese, the largest textile company in Greek history.

Her mother is Eleni Potaga-Stratou, a legend in modern Greek art, whose projects are hosted in galleries and venues in Greece and abroad.”

* * *

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Varoufakis Slams Bailout #3 As “Greatest Macroeconomic Disaster In History” While Tsipras “Doesn’t Eat Or Sleep” (ZeroHedge, July 18, 2015):

n an rare convergence of Greek and German viewpoints, overnight former Greek finance minister Yanis Varoufakis told the BBC that “economic reforms imposed on his country by creditors are “going to fail”, ahead of talks on a huge bailout. At the same time, Germany’s most noted Eurosceptic, Hans-Werner Sinn, in an interview with the newspaper “Passauer Neue Presse” also earlier today warned that any new aid would be “totally worthless” and “would never come back.”

In what was practically a race who can find harsher terms to describe the Greek bailout, Varoufakis said that Greece was subject to a programme that will “go down in history as the greatest disaster of macroeconomic management ever”.

Read moreVaroufakis Slams Bailout #3 As “Greatest Macroeconomic Disaster In History” While Tsipras “Doesn’t Eat Or Sleep”