DiEM25

Tsipras's last card

Alexis Tsipras started out like a rock star in the eyes of the European and American left. He was seen as being at the vanguard in the so-called battle against austerity.

Varoufakis reveals name of new Greek party

Former Greek finance minister Yanis Varoufakis has revealed the name of the political party he is forming in Greece.

He wrote on his personal website that the party will be called MeRA25 (an acronym for European Realist Disobedience Front), which will be an offshoot of the pan-European movement DiEM25, which he helped set up.

Varoufakis claims Tsipras pressured him to accept creditors' demands

Former finance minister Yanis Varoufakis on Friday hit out at Prime Minister Alexis Tsipras, claiming that the premier had tried to scare him into yielding to creditors' demands.

"In the summer of 2015 Alexis Tsipras told me that I should fear a new Goudi," Varoufakis told VICE magazine, referring to a military coup that took place in Greece in 1909 amid simmering social tensions.