Marxian economists

Former Greek Finance Minister Yianis Varoufakis said in an interview to the ‘Times’, Sunday that Scottish PM Alex Salmond made a ‘big mistake’ by calling for independence of Scotland, while instating that Scotland would continue to use sterling as its currency.

Yanis Varoufakis and another 18 economists signed an open letter asking for the support of Europe on the Greek debt relief issue which will be discussed at the United Nations General Ass

Greece’s former finance minister Yanis Varoufakis can be accused of a lot of things from a narcissist with bad fashion sense to a failed negotiator, but nobody can deny his narrative skills. Through scattered fragments here and there with a dash of spice, his selective memories are emerging like something of a pop psychodrama.

Here are some things we know:

An infamous leak of Yanis Varoufakis audio recording where Greece’s former finmin Yanis Varoufakis admitted that he had engaged in preparations for a return to the drachma in Greece has caused a number of charges to fly against Varoufakis.

Despite talk of the bitcoin, Greek banks have actually been preparing for a return to the drachma for years. Were a hypothetical Grexit to take place, the previously decommissioned currency would not be used but new banknotes based on the old design would most probably be printed.

By Erik Kirschbaum

Greece Finance Minister Yanis Varoufakis said he could rule out a 'Grexit' because it would not be a sensible solution to the Greek debt crisis and in a German newspaper interview on Monday also said a debt restructuring was the only way forward.

Finance Minister Yanis Varoufakis is a consultant to a controversial Singaporean company that launched the digital currency Bitcoins.

They met at the start of 1990 in Sydney, Australia, when she taught economics at the University of Sydney. They wed in Athens in 2001. Australian Financial Review writes that the marriage collapsed due to different ambitions and geography.

An article in the Guardian, titled “Varoufakis has achieved one thing – uniting resentment of poorer nations,” describes Finance Minister Yanis Varoufakis as a “glamour boy” and points to the problems caused by the way he “waxed triumphalist about how he had outfoxed the eurozone” following Greece’s deal to extend the country’s bailout to the end of next month.

In an article titled "Greece: Down and Probably Out", Professor Steve Hanke argues that another Greek debt default is just around the corner.