Yanis Varoufakis

Greek debt crisis

Germany Profited €100 Billion From Greek Debt Crisis

Between 2010 and 2015 Germany profited from the ongoing Greek debt crisis to the sum of €100 billion, according to a new study. The billions consists of money saved by lower interest payments on funds the German government borrowed amid investor “flights


Greek Cyber Crime Unit Investigating Former Finance Minister Varoufakis

The criminal investigation into former Greek Finance Minister Yanis Varoufakis will involve a cyber-crime law enforcement unit, as Greek officials seek to uncover whether Varoufakis’ “Plan B,” an emergency plan that would have required the government to hack into private taxpayer accounts and switch from the euro to the drachma currency.

Yanis Varoufakis

Yanis Varoufakis: Europe Must Reform Or Face Destruction

Speaking of an EU coup in Greece, Former Greek finance minister Yanis Varoufakis has warned Europe will no longer exist as a monetary union if it fails to reform. In a recent interview he also accused the architects of the new

Yanis Varoufakis, Treason

Yanis Varoufakis Treason Threat is A Shocking Euro Development

I have been familiar with the ways of the European Union for many years, and I thought myself impervious to surprise at the extraordinary way in which Brussels imposes its will, with plain defiance of democracy and utter contempt for


Greek Prosecutor Investigates Former Finance Minister over Euro Exit Plan

No scene of political turmoil is complete until somebody gets investigated by prosecutors. Such is the fate of former Greek finance minister Yanis Varoufakis, who has become a darling of the anti-austerity, hardcore left ever since he departed his office on the eve of the 11th-hour bailout deal.

Milos Bicanski/Getty Images)

Greek PM Tsipras Considers Early Elections, Struggles With Syriza Party Revolt

On Wednesday, Greek Prime Minister Alexis Tsipras floated the idea of calling for early elections in Greece to “bolster a parliamentary majority that has been strained by bailout reforms demanded by creditors,” as Reuters put it. Such is the chaos of end-state socialism in Greece that Tsipras really needs his own party to lose in those early elections. The Syriza party is coming unglued over the austerity components of Greece’s latest bailout package.

Reuters / Alkis Konstantinidis

Greek Parliament Approves Bailout as Socialist Syriza Party Comes Unglued

There was speculation Wednesday that the International Monetary Fund’s disapproval of the European Union bailout package for Greece would stiffen resistance in the Greek Parliament against it, but in the end, they voted in agreement with what Reuters describes as “sweeping austerity measures demanded by lenders to open talks on a new multibillion-euro bailout package to keep Greece in the euro.”

Screen Shot 2015-03-17 at 12.50.55 PM

Greek Meltdown Watch: Yanis Varoufakis Resigns as Finance Minister

As Greece breaks apart on the rocky shores of the European Union, the man who did so much to run his nation’s finances aground has decided to call it quits. The New York Times sees the sudden resignation of “combative” Finance Minister Yanis Varoufakis as a gesture of “conciliation” between the socialist Syriza government and a thoroughly fed-up European Union, but it might be premature to talk about Greece making peace with its creditors.


Greece’s Conservatives Lose Leader to Anti-Europe Referendum Vote

Antonis Samaras, the head of Greece’s conservative New Democracy party, has resigned from leadership following the nation’s resounding rejection of Eurozone debt repayment terms in a referendum on Sunday. Samaras will be remembered most for being the only prime minister in the last decade to accept austerity measures and attempt to curb Greece’s spending during the current crisis.

Screen Shot 2015-07-04 at 6.42.51 PM

Greek Pop Star Defies Leftist Government, Urges ‘Yes’ Vote on EU Referendum

As the ruling Coalition of the Radical Left (Syriza) vocally demands the Greek people vote “no” on a referendum regarding European Union debt repayment terms on Sunday, an unlikely voice has emerged representing the opposition “yes” vote, interpreted as a vote in favor of keeping the Euro as currency and remaining in the Euro: electro-pop megastar Sakis Rouvas.


Mob of Anarchists Attacks Greek Finance Minister Varoufakis at Dinner

Days after being pulled back from leading the Greek diplomatic team in talks with the European Union regarding the nation’s astronomical debt, Greek Finance Minister Yanis Varoufakis and his wife, Danae Stratou, were the victims of an anarchist mob attack while dining out.


Finance Minister Varoufakis Pulled Back from Greek Debt Negotiations

Bloomberg Business understandably sees all sorts of signals in Greece’s decision to pull Finance Minister Yanis Varoufakis back from bailout negotiations, a move it describes as “clipping Varoufakis’ wings” and “reining him in” after three months of debt talks failed to produce an agreement.


Greece: Germany Owes Athens 279 Billion Euros in WWII Reparations

The government of Greece’s Radical Left Prime Minister Alexis Tsipras has been demanding Germany pay reparations to the nation for damage committed by the Nazis during World War II for months, but now they have officially calculated a fixed amount they would like back: 279 billion euros.

Reuters / Alkis Konstantinidis

Greece Renews Threat to Seize ‘War Reparations’ from Germany

The eleventh-hour decision to extend Greece’s bailout a few weeks ago turns out to have been an even closer shave than it seemed at the time, with Reuters reporting that a massive revolt among German conservatives left the vote “hanging by a thread,” as one German legislator put it. Escalating tensions between sullen Greece and fed-up Germany could make the votes on further bailout extensions or new financing deals even tighter.