Yanis Varoufakis

Outgoing German Finance Minister Wolfgang Schaeuble would not like to have imposed the tough measures implemented in Greece on Germany but insists they were necessary.

Appearing on the TV program BBC This Week, former Greek finance minister Yanis Varoufakis launched a savage attack on the EU, claiming it is destined to fail because the euro is doomed.

Former Greek finance minister Yanis Varoufakis says he will run in Germany for the European elections in 2019, according to a report on the Euractiv.com website on Monday.

Former Greek finance minister Yanis Varoufakis supports Macron’s federalist proposals on the euro single currency but believes only a real threat could make Germany budge on the issue.

More than fifty years ago, in 1965, French President Charles de Gaulle withdrew his ministers from the Council of the EU, de facto vetoing all decisions.

Former finance minister Yanis Varoufakis launched the Greek edition of his latest book, "Adults in the Room," at Technopolis in Athens on Monday. Greek-French film director Costa-Gavras, who is known for making films with overt political themes, announced his intention to bring Varoufakis's book to the big screen via a letter that was read out during the press conference. 

The Finance Ministry has issued a circular calling on all general government entities to transfer their cash reserves - currently sitting in bank accounts - to the country's central bank, which has generated concerns among local authorities. Commercial lenders are also worried about the loss of deposits.

If leaks, television reports and newspaper headlines served as the announcement board of the maternity ward for political parties, we could surmise that the stork of politics is about to make another delivery in Greece at some point soon.

Greece's government over the weekend rejected calls by opposition party New Democracy for a parliamentary committee to investigate allegations that the SYRIZA-led administration harbored plans in 2015 to pull the debt-hit nation out of the eurozone.

Prime Minister Alexis Tsipras's recent statements and the falling-out between the government and former finance minister Yanis Varoufakis prove that life has its way of punishing arrogance and recklessness. Unlike ancient tragedy, though, today it is not the protagonists who suffer the consequences of their hubris but the spectators.

Prime Minister Alexis Tsipras defended his government's record while striking an ambivalent stance vis-a-vis an ongoing clash between his administration and the Greek judiciary in a wide-ranging interview aired by Alpha TV on Wednesday.