Yanis Varoufakis takes one for the team

Yanis-Varoufakis-Berlin-2015-02-05” by Jörg Rüger – Own work. Licensed under CC BY-SA 3.0 via Wikimedia Commons.

Unless you’ve been living under a stone, you’ll probably be aware of the current crisis going on in Greece. I’m quite a fan of Yanis , the now ex-Greek Finance Minister. He’s been blogging as the crisis has been unfolding on his blog and explaining how and why decisions have been made. It has made for a fascinating read and I have learnt a lot about the complex issues regarding Greece’s problems.

As of today, one day after Greece voted ‘no’ to the deal offered by the Eurogroup, and Varoufakis resigned. He stated on his website:

Soon after the announcement of the referendum results, I was made aware of a certain preference by some Eurogroup participants, and assorted ‘partners’, for my… ‘absence’ from its meetings; an idea that the Prime Minister judged to be potentially helpful to him in reaching an agreement. For this reason I am leaving the Ministry of Finance today.

I consider it my duty to help Alexis Tsipras exploit, as he sees fit, the capital that the Greek people granted us through yesterday’s referendum.

And I shall wear the creditors’ loathing with pride.

I imagine the discussion went like this over the telephone:

Eurogroup: Well you got what you wanted Tsipras. The deal will be done on the new terms, but only if you get rid of that annoying smart arse Varoufakis. We don’t like him and he can’t play with us any more. It’s our ball, our pitch, and he’s spoiling our game.

(Tsipras looks at Varoufakis who slowly nods and smiles. Tsipras grins)

Tsipras: Done.

Varoufakis – the Greek economic Messi. Chapeau!

Photo by Christina Kekka