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Within his newly released autobiography, called Ithaki, the ex- premier Tsipras spares no criticism as he examines the chaotic period of Greece's economic turmoil.

An Unconventional Choice

According to Tsipras's version, Tsipras chose that maverick economist Yanis Varoufakis as his finance minister mainly because of the latter's international reputation along with his highly compelling skills as a public orator.

“He was, in reality, more like a personality rather than an economic expert,” wrote Tsipras.

Conflicting Agendas

Tsipras alleges how Varoufakis possessed a personal motives which included advancing Varoufakis's publications as well as experimenting with his economic models on the nation rather than truly advocating the country's economic stability.

Tsipras explained how the discussions to prevent bankruptcy were “not just a method of achieving improved terms for the country. They were a test, a monumental chance to demonstrate the validity of Varoufakis's ideas.”

High-Stakes Negotiations

During rollercoaster negotiations, Greece found itself perilously close to exiting the eurozone.

At stake was not only Greece's future but also those punishing austerity policies demanded in exchange for financial aid by foreign lenders.

Failed Alternatives

Efforts to find funds elsewhere, such as an urgent plea to the Kremlin to purchase Greek bonds, went unanswered.

Helping the indebted country would be equivalent to throwing money in the trash-can, Putin reportedly told Tsipras in Moscow.

Public Vote and Reversal

That summer, those excoriating conditions were subjected to a popular referendum, a move that threw Europe into deeper existential crisis.

Although the vote was won decisively by voters who opposed the cuts, Tsipras had little option but to reject its outcome and negotiate a rescue deal from foreign lenders that proved to be even harsher.

Breaking Point

Tsipras claimed that he started questioning his finance minister quite early on.

“He was the face of negotiation, the man who drew publicity, who graced the covers of magazines the world over … he gave the impression he was enjoying his new role.”

When the minister outlined a backup strategy involving establishing a parallel currency as well as issuing coupons to pensioners, the leader knew it was game over and asked Varoufakis: “Is this for real?”

Enduring Criticism

Within the book, the author concludes how his former ally demonstrated himself “unfit for an agreement demanding intricate and sensitive handling.”

He further claimed that his aggressive approach made him more and more alone among peers, put Greece at risk, and assisted hardliners that were pushing for a Greek exit from the euro.

The account of events has been met with fury and stunned disbelief in some quarters, whereas the former minister has so far maintained a deafening silence regarding these claims.