Varoufakis in February 2015
|Minister of Finance|
27 January 2015 – 6 July 2015
|Prime Minister||Alexis Tsipras|
|Preceded by||Gikas Hardouvelis|
|Succeeded by||Euclid Tsakalotos|
|Member of the Hellenic Parliament|
25 January 2015 – 20 September 2015
24 March 1961 |
|Political party||Syriza (2015)|
|Alma mater||University of Essex
University of Birmingham
School or tradition
|Influences||Karl Marx, John Maynard Keynes, Joan Robinson, Michał Kalecki, John Kenneth Galbraith, Philip Mirowski, Paul Sweezy, Axel Leijonhufvud|
|Influenced||James Galbraith, Stuart Holland, Steve Keen|
Yanis Varoufakis (Greek: Ιωάννης "Γιάνης" Βαρουφάκης, pronounced [ˈʝanis varuˈfacis]; born 24 March 1961) is an academic economist who was a member of the Greek parliament between January and September 2015. He represented the ruling Syriza party and held the position of Minister of Finance for seven months. He voted against the terms of the third bailout package for Greece.
Varoufakis is a participant in the current debates on the global and European crisis, the author of The Global Minotaur and several academic texts on economics and game theory, Professor of Economic Theory at the University of Athens and a private consultant for Valve Corporation. He is a dual Greek-Australian citizen and describes himself as a 'libertarian Marxist': "In truth, Karl Marx was responsible for framing my perspective of the world we live in, from my childhood to this day. It is not something that I volunteer to talk about in 'polite society' much these days because the very mention of the M-word switches audiences off."
- 1 Early life and education
- 2 Academic career
- 3 Political career
- 4 Works
- 5 Personal life
- 6 References
- 7 External links
Early life and education
Varoufakis was born in Palaio Faliro, Athens, on 24 March 1961, to George and Eleni Varoufakis. Varoufakis's father, George Varoufakis, emigrated from Cairo to Greece in the 1940s, arriving in the midst of the Greek Civil War. On one day, he was "roughed up" by the police and asked to sign a denunciation of communism. In response, he said: "Look I am not a Buddhist, but I would never sign a denunciation of Buddhism". He therefore ended up spending several years imprisoned on the island of Makronisos, which was used for the political re-education of people who fought on the communist side in the war. After being released in 1950, he completed his university studies and found employment as the personal assistant to the owner of Halyvourgiki, Greece’s biggest steel producer. He is now, at the age of 90, Chairman of Halyvourgiki's Board of Directors.
Varoufakis’s mother, also a student at the University of Athens School of Chemistry at the time she met George, abandoned her conservative background after meeting her husband who was, at the time, allied to United Democratic Left (EDA). In the mid 1970s Eleni Varoufaki became an activist for the Women’s Union of Greece, which promoted gender equality and had been set up by members of PASOK. By the early 1980s, the couple had converged politicallly to the same political centre-left ground and engaged with the socialist PASOK. Eleni was elected Deputy Mayor of Palaio Faliro a few years before she passed away in 2008.
Varoufakis was six years old when the military coup d'état of April 1967 took place. Varoufakis later said that the military junta showed him a "sense of what it means to be both unfree and, at once, convinced [me] that the possibilities for progress and improvement are endless". The junta collapsed when Varoufakis was in junior high school. Attending the private Moraitis School, Varoufakis decided early to spell his first name with one 'n', rather than the standard two, for "aesthetic" reasons. When his teacher gave him a low mark for that, he became angry and has continued spelling his first name with one 'n' ever since.
Varoufakis finished his secondary education around 1976, when his parents deemed it too dangerous for him to continue his education in Greece. Therefore, he moved to the United Kingdom in 1978 where he joined the University of Essex. His "initial urge was to study physics" but he decided that "the lingua franca of political discourse was economics". He therefore enrolled in the economics course at Essex, but it has also been suggested that he decided to enroll in economics after meeting Andreas Papandreou. After only a few weeks of lectures, decided the course was too poor, and switched his degree to mathematics. Whilst at the University of Essex he joined a variety of political organisations including ComSoc (the University' Communist Society) and the Troops Out Movement, which campaigned for a British withdrawal from Northern Ireland. He also became involved with the African National Congress, Palestine Liberation Organization, and other organisations such as those in solidarity with Chile. Varoufakis was also elected as secretary of the Black Students Alliance, a choice that caused some controversy (given that he is not black) to which he responded by telling them, according to his PhD supervisor Monojit Chatterjee, "that black was a political term and, as a Greek, on the grounds of ethnicity he had as much reason to be there as anyone else." Varoufakis also took part in student debates, where one of his rivals was John Bercow, who later became the Speaker of the House of Commons.
He moved to the University of Birmingham in October 1981, obtaining a MSc in mathematical statistics in October 1982. He completed his PhD in economics back at the University of Essex, where his PhD supervisor was Monojit Chatterjee. He completed his PhD in 1987.
Between 1982 and 1988, Varoufakis taught economics and econometrics at the University of Essex and the University of East Anglia. In 1988, he spent a year as a lecturer at the University of Cambridge. After Margaret Thatcher's third election victory in 1987, he decided to leave. He did not wish to return to Greece for fear of conscription, and so accepted an offer to lecture at the University of Sydney, where he remained until 2000. So from 1989 to 2000, he taught as senior lecturer in economics at the Department of Economics of the University of Sydney, with short stints at the University of Glasgow and the Université catholique de Louvain. Varoufakis, during his time in Sydney, had his own slot on a local television show where he was critical of John Howard's conservative government, and he also acquired Australian citizenship.
In 2000, a combination of "nostalgia and abhorrence of the conservative turn of the land Down Under", led Varoufakis to return to Greece where he was invited by Yannis Stournaras to become an associate professor of economic theory at the University of Athens. In 2002, Varoufakis established The University of Athens Doctoral Program in Economics (UADPhilEcon), which he directed until 2008. In 2005 he was promoted to full professor of economic theory.
Beginning in March 2012, Varoufakis became Economist-in-Residence at Valve Corporation. He researched the virtual economy on the Steam digital delivery platform, specifically looking at exchange rates and trade deficits. In June 2012, he began a blog about his research at Valve. In February 2013 his function at Valve was to work on a game for predicting trends in gaming. From January 2013 he taught at the Lyndon B. Johnson School of Public Affairs at the University of Texas at Austin as a visiting professor. In 2013, he was appointed the Athens desk editor of the online magazine WDW Review, in which he contributed until January 2015. On 22 January 2015, the International University College of Turin awarded to Varoufakis a Honorary Professorship in Comparative Law Economics and Finance for his extraordinary theoretical contribution to the understanding of the global economic crisis.
Advisor to the Papandreou government
Greek Finance Minister
Varoufakis was elected to the Greek parliament, gathering the largest number of votes (more than 142 thousand) of any Greek MP, representing Syriza, and took office in the new government of Alexis Tsipras two days later, on 27 January 2015. He was appointed finance minister by Tsipras shortly after the election victory. The party promised to renegotiate Greece's debt and significantly curtail the austerity measures which had led to the longest recession in post-war global history.
The new government had to negotiate an extension on its loan agreement, which was expiring on 28th Februarty 2015. Had it expired without renewal, the European Central Bank would have pulled its liquidity provisions from Greece's commercial banks, ensuring that they closed their doors to the public. Varoufakis led this negotiation at the Eurogroup and with the International Monetary Fund. On 20 February, at the Eurogroup, an agreement to extend the Greek loan "facility" for four months, until 30 June 2015, was struck and Varoufakis hailed it as crucial - because it represented a fresh start by specifying that the terms of the loan would be renegotiated and the conditionalities would be re-drawn on the basis of a new list of reforms to be provided by the Greek government. That list was submitted by Varoufakis on 23 February and was approved by the Eurogroup of 24 February. On those grounds, Varoufakis signed the official document by which the loan agreement's expiry date was to be extended from 28 February to 30 June 2015 - a four-month period during which a new agreement was to be negotiated.
Varoufakis' view on Greece's public debt, and the crisis which began in 2010 as a result of the Greek governments' inability to service it, had been the same since 2010: The Greek state has become insolvent in early 2010 and the bailouts that followed were attempts to "extend and pretend" - to take on the largest loan in history (in order to keep making repayments on older loans) on condition of austerity measures that would shrink the incomes from which the old, un-serviceable loans, and the new bailout debts would have to be repaid. In that sense, Varoufakis argued, taking on the "bailout" loans in 2010 and 2012, before restructuring the debt properly and putting in place a proper developmental program (including reforming the oligarchy, creating a development bank and dealing with the banks' non-performing loans) would lead to deeper bankruptcy, a great depression and a harder default in the future. His explanation of why the troika of Greece's lenders (the IMF, the ECB and the European Commission) insisted on these bailout loans was that they represented a transfer of losses from the private banks to Greece's and Europe's taxpayers. In his view, the 20th February 2015 Eurogroup agreement, that he negotiated, "was an excellent opportunity to move forward."
However, the troika of lenders were not happy to let the new Greek government change the previous conditionalities, nor to agree to a debt restructure. Varoufakis claims that, soon after the extension wa granted at the end of February, the troika reneged on its promise to consider a new fiscal and reform program for Greece, demanding of the Greek government that it implements the old one (which the Syriza government was elected to re-write. In March 2015, the Wall Street Journal pointed to several tensions between Greece and the other Eurozone countries, saying that some countries feel they have taken the "tough medicine" and the €195 billion owed is not insignificant. Further, they stated other governments have philosophical differences with Varoufakis and his Anglosphere and Keynesian leanings. Peter Ludlow said Varoufakis and his colleagues "turned instinctively... to the U.K. and the U.S. even before they called on the European Left."
In a discussion with Nobel laureate Joseph Stiglitz on invitation of U.S. economic think tank Institute for New Economic Thinking, Varoufakis stated on 9 April 2015 that "the Greek state does not have the capacity to develop public assets." Therefore, he announced that his government was "restarting the privatization process." However, unlike the former governments they would insist on establishing public–private partnerships with the state retaining a minority stake to generate state revenues. They would also require a minimum investment on behalf of the bidder, and "decent working conditions" for the workers. Varoufakis also said that although the government needed to avoid a primary budget deficit, the bailout program's target of a surplus of 4.5 percent of GDP was outlandish and should be reduced to no more than 1.5%.
After many weeks of negotiations during which the Greek government, often against Varoufakis' advice, made many concessions to the troika of Greece's lenders, no agreement was in sight. One reason was that the members of the troika did not have a unified position. E.g. the IMF insisted that the Greek government's demand for a public debt restructure should be granted while powerful finance ministers in the Eurogroup (Germany's, for instance) refused this. Another reason was that, with elections approaching in Spain, Ireland and Portugal, many power brokers in Brussels and Frankfurt did not want to see Greece's radical new government emerge as successful.
On 25 June 2015, Varoufakis was presented with an ultimatum in the Eurogroup. It comprised a fiscal proposal, a reform agenda and a funding formula that Varoufakis, his government and, indeed, several other ministers of finance sitting in the Eurogroup, considered to be non-viable. The next day, the Greek Prime Minister, Alexis Tsipras, called for a referendum on 5 July so that the Greek people could decide for themselves. Two days later the European Central Bank took steps that ensured the closure of Greece's banks, which Varoufakis (as finance minister) had to administer.
On 5 July 2015, the bailout referendum took place. Varoufakis had campaigned vigorously in favour of the 'No' vote, against the united support for the 'Yes' of Greece's media and of Europe's leadership. To make his position clear, he declared on television that he would resign as Finance Minister if Greeks voted 'Yes'. The outcome of the vote was a resounding 61.5% vote in favour of 'No'. Varoufakis went on television, soon after the result was announced, to celebrate the Greeks' outstanding courage and to declare that the government was determined to honour this new mandate for a sensible, honourable agreement with its creditors. However, a few hours later, late into the night, Varoufakis resigned. In his resignation statement the following morning he said: that "other European participants" had expressed a wish for his absence. Later he explained that he decided to resign during a meeting with the Prime Minister, on the night of the referendum, during which he discovered that the Prime Minister, instead of being energised by the "No" vote, declared to Varoufakis his decision to acquiesce to the troika's terms. Unwilling to sign such a "surrender" document, Varoufakis chose to resign.
His explanation, published later by Harry Lambert, New Statesman, 13 July 2015, was this: "I’m not going to betray my own view, that I honed back in 2010, that this country must stop extending and pretending, we must stop taking on new loans pretending that we’ve solved the problem, when we haven’t; when we have made our debt even less sustainable on condition of further austerity that even further shrinks the economy; and shifts the burden further onto the have nots, creating a humanitarian crisis. It’s something I’m not going to accept, I’m not going to be party to."
On Friday 14 August, the government (without Varoufakis) pushed successfully through Parliament the 3rd Greek bailout agreement - the one that Varoufakis had described as a surrender document. The bailout Bill received 222 votes to 64 (as the conservative opposition voted in favour). Up to 40 Syriza members including Varoufakis voted against the bailout. Just prior to that vote, Varoufakis rose in Parliament to offer the Prime Minister to resign his parliamentary seat, saying that this was the only way he knew how to combine his strong opposition to the new bailout with loyalty to the party and the Prime Minister. On 20 August, the Prime Minister of Greece resigned and called a snap election due to the loss of support from rebelling Syriza MPs. Varoufakis had already declared that he was not interested in standing again for Syriza. At the same time, Syriza announced that any MP who voted against the bailout package would not be standing for the party. Varoufakis did not go on to represent Popular Unity, unlike many of his ex-Syriza colleagues, as he considered the party too isolationist. Varoufakis choose not to stand in the election, saying he would focus on creating European network that would 'restor[e] democracy' in Europe. A month later, the national election was held and despite a low voter turnout, Tsipras and his Syriza Party won just over 35% of the vote. Combining with the Independent Greeks Party, a majority was achieved and Tsipras was returned to power.
Commentary on appointment
The Adam Smith Institute, one of the leading free-market think tanks of the United Kingdom, has "enthusiastically" supported Varoufakis's debt-swap plan and has asked British Chancellor of the Exchequer George Osborne to support it. Varoufakis has proposed debt swap measures, including bonds pegged to economic growth, which would replace the existing bonds of the European bailout programme.
Bloomberg said that Varoufakis was a "brilliant economist", but he had difficult interactions with other politicians and the media. Galbraith, referring to Varoufakis's expertise in game theory, has said that he knows as much about this subject "as anyone on the planet", and that "[he] will be thinking more than a few steps ahead" in any interactions with the Troika.
Varoufakis is the author of several books on the European debt crisis, the financial imbalance in the world and game theory. He is also a recognised speaker and often appears as analyst for national news media.
A Modest Proposal
In November 2010, he and Stuart Holland, a former British Labour Party MP and economics professor at the University of Coimbra (Portugal), published A Modest Proposal, a set of economic policies aimed at overcoming the euro crisis.
In 2013, Version 4.0 of A Modest Proposal appeared with the American economist James K. Galbraith as a third co-author. This version was published in late 2013 in French with a supporting foreword by Michel Rocard, former Prime Minister of France. Since September 2011, Truman Factor features select articles by Varoufakis in English and in Spanish. Varoufakis compares the role of the US economy since the 1970s in relation to the rest of the world with the minotaur.
Books in English
- "And the Weak Suffer What They Must? Europe's crisis, America's economic future." New York: Nation Books, forthcoming (ISBN 9781568585048)
- The Global Minotaur: America, the True Origins of the Financial Crisis and the Future of the World Economy. London and New York: Zed Books, 2011 (translations in German, Greek, Italian, Spanish, Czech, Finnish, French, Norwegian and Polish); second edition 2013; third edition 2015
- Europe after the Minotaur: Greece and the Future of the Global Economy. London and New York: Zed Books, 2015 (ISBN 9781783606085)
- Economic Indeterminacy: A personal encounter with the economists' most peculiar nemesis. London and New York: Routledge, 2013 (ISBN 0415668492)
- Modern Political Economics: Making sense of the post-2008 world. London and New York: Routledge, 2011 (with Joseph Halevi and Nicholas Theocarakis)
- (ed.): Game Theory: Critical Perspectives. Volumes 1–5, London and New York: Routledge, 2001
- Foundations of Economics: A beginner's companion. London and New York: Routledge, 1998 (translation in Mandarin)
- Game Theory: A critical introduction. London and New York: Routledge, 1995 (with Shaun Hargreaves-Heap), ISBN 978-0415094023. 2nd revised edition 2004 (Game Theory: A critical text), ISBN 978-0415250955 (translated also in Japanese)
- Rational Conflict. Oxford: Blackwell, 1991
- (ed.): Conflict in Economics. Hemel Hempstead: Harvester Wheatsheaf and New York: St Martin's Press, 1990 (with David P. T. Young)
The Globalizing Wall
In 2005 and 2006, Varoufakis travelled extensively with his partner, artist Danae Stratou, along seven dividing lines around the world (in Palestine, Ethiopia-Eritrea, Kosovo, Belfast, Cyprus, Kashmir and the US–Mexico border). Stratou produced the installation CUT: 7 dividing lines, while Varoufakis wrote texts that then became a political-economic account of these divisions, entitled The Globalizing Wall. In 2010 Stratou and Varoufakis founded the project Vital Space.
Varoufakis is married to installation artist Danae Stratou and has a daughter who is growing up in Sydney, from his first marriage to academic Margarite Anagnostopoulou (Poulos). Although born into Greece's Orthodox Christian community and cutlure, his family was never religious and he considers himself a committed atheist. Nevertheless, Varoufakis is concerned to defend and to show respect for the religious beliefs of others. He also disdains the religious atheism of certain atheists who feel free to offend the faithful. He is a motorcycle enthusiast.
- officially Ιωάννης Γεωργίου Βαρουφάκης, Hellenic Parliament: MPs’ contact details
- "Curriculum Vitae of Yanis Varoufakis" (PDF). UOA Economics department.
- Philip Innan and Katie Allen (26 January 2015). "The Guardian". Retrieved 27 January 2015.
- "Minister No More!". Yanis Varoufakis. Retrieved 2015-07-06.
- Barber, Tony; Hope, Kerin (6 February 2014). "Yanis Varoufakis, Greek finance minister". The Financial Times. Retrieved 24 October 2015.
- Βαρουφάκης στο iefimerida.gr: Είμαι απαισιόδοξος για την πορεία της Ελλάδας. Τα χειρότερα έρχονται. Δυστυχώς.... Efimerida (in Greek). 4 February 2013. Retrieved 13 April 2015.
- Hansen, Suzy (20 May 2015). "A Finance Minister Fit for a Greek Tragedy?". The New York Times Magazine. Retrieved 24 October 2015.
- Usborne, Simon (3 February 2015). "Yanis Varoufakis: The Finance Minister who cooks a mean Thai meal, chats about art, and shoots hoops". The Independent. Retrieved 24 October 2015.
- Varoufakis, Yanis. "Beginnings: From the dictatorship of the Colonels to the tyranny of economics". Yanis Varoufakis. Retrieved 24 October 2015.
- Christides, Giorgos (13 February 2015). "Profile: Yanis Varoufakis, Greek bailout foe". BBC.
- Varoufakis, Yanis. "IT ALL BEGAN WITH A STRANGE EMAIL". Valve Economics. Valve Software. Retrieved 18 May 2015.
- Varoufakis, Yanis. "Early academic path: From England to Australia to Greece". Yanis Varoufakis. Retrieved 24 October 2015.
- Yanis Varoufakis (15 February 2013). "Yanis Varoufakis' Twitter". Retrieved 14 July 2013.
- Yanis Varoufakis (14 June 2012). "It All Began With a Strange Email". Valve Corporation. Retrieved 14 June 2012.
- Daniel Nye Griffiths: The Value of Fun: Valve Software Appoints In-House Economist. In: Forbes. 15 June 2012
- "Real lessons from virtual worlds". Financial Times. Retrieved 31 January 2015. (subscription required (. ))
- "WdW Review". wdwreview.org.
- "YANIS VAROUFAKIS". International University College Of Turin. Retrieved 21 May 2015.
- Reuters (2015-01-28): Profile: Greek Finance Minister Yanis Varoufakis: "Varoufakis was an adviser to former centre-left Prime Minister George Papandreou until he resigned in 2006." OECD Observer: Yanis Varoufakis (2013-03-01): "There is no such thing as a debt crisis": "Between 2004 and 2007 Mr Varoufakis served as economic adviser to George Papandreou, before he became Prime Minister of Greece."
- Helena Smith (26 January 2015). "The Guardian". Retrieved 26 January 2015.
- Prarthito Maity (27 January 2015), Valve Economist Yanis Varoufakis Appointed Finance Minister of Greece, International Business Times
- "Greece election: Anti-austerity Syriza wins election". BBC. Retrieved 22 September 2015.
- "Syriza Win in Greek Election Sets Up New Europe Clash". Wall Street Journal. Retrieved 22 September 2015.
- Varoufakis, Yanis. "Of Greeks and Germans: Re-imagining our shared future". Varoufakis. Retrieved 21 March 2015.
- Fidler, Stephen (19 March 2015). "In Greece’s Bailout Talks, Why It’s 18 Eurozone Countries Versus One". WSJ. Retrieved 21 March 2015.
- on YouTube, live stream, 9 April 2015
- Melander, Ingrid (9 April 2015). "Greece to restart privatization program: Varoufakis". Reuters. Retrieved 13 April 2015.
- "Varoufakis Says he Will Quit if Greeks Vote 'Yes'". Bloomberg. 2 July 2015.
- Fletcher, Nick; Farrell, Paul; Davidson, Helen. "Greek referendum: finance minister Yanis Varoufakis resigns – live". The Guardian. Retrieved 6 July 2015.
- Jon Henley. "Alexis Tsipras hit by Syriza rebellion as Greece approves bailout deal". the Guardian.
- "Greece crisis: PM Alexis Tsipras quits and calls early polls". BBC News. Retrieved 20 August 2015.
- "Greece crisis: Former finance minister Yanis Varoufakis will not stand in 'sad' election next month as Syriza 'kicks out' traitors". The Independent. Retrieved 21 September 2015.
- "Greece election: Alexis Tsipras hails 'victory of the people'". BBC News.
- Bentley, Guy. "Adam Smith Institute calls on Osborne to back Varoufakis's Greek debt-swap plan". cityam.com.
Greece's finance minister Yanis Varoufakis has found an enthusiastic backer for his debt restructuring plans in one of Britain's premier free-market think-tanks.
- Andrew Gillespie (7 February 2013). Business Economics. OUP Oxford. p. 77. ISBN 978-0-19-965799-5.
The Adam Smith Institute is one of the world's leading think tanks.
- U. Penn. "2014 Global Go To Think Tank Index Report".
The TTCSP works with leading scholars and practitioners from think tanks and universities in a variety of collaborative efforts and programs, and produces the annual Global Go To Think Tank Index that ranks the world’s leading think tanks in a variety of categories.
- "Public Policy Research Think Tanks 2011: Top 30 Think Tanks Worldwide (US and non-US)". U. Penn.
- Joseph S. Wholey; Harry P. Hatry; Kathryn E. Newcomer (8 November 2010). Handbook of Practical Program Evaluation. John Wiley & Sons. p. 353. ISBN 978-0-470-52247-9.
... of the top-ranked think tanks focus on international relations; the two chief exceptions were the Adam Smith Institute ...
- Carol Matlack (2 February 2015). "Greece's New Finance Minister Is Brilliant. So Why Does He Make Everyone So Nervous?". Bloomberg News.
- Yanis Varoufakis: Euro Crisis
- Russell Shorto: The Way Greeks Live Now. In: The New York Times. 13 February 2012
- Graeme Wearden. "Greece debt crisis: ECB tightens screw ahead of emergency eurozone summit - as it happened". the Guardian.
- Vital Space: Mission and Biographies
- "Profile: Yanis Varoufakis, Greek bailout foe". BBC. 17 February 2015. Retrieved 17 February 2015.
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|Wikiquote has quotations related to: Yanis Varoufakis|
- Official website (English)
- 2012 Valve Economics blog (English), analyses of the digital economy.
- Project Syndicate articles (English), analyses of Greece and Europe.
- Terms of office of Yanis Varoufakis at the Hellenic Parliament (English)
- Europe’s Greek Moment, interview by Luis Martin, 29 September 2011
- The Great Shock, review by Brian Collins in the Los Angeles Review of Books, 17 October 2011
- "Varoufakis' mini documentary on the Euro Crisis for Channel 4, February 2012" produced and presented by Yanis Varoufakis, February 2012
- The Global Minotaur: An Interview with Yanis Varoufakis conducted by Philip Pilkington at Naked Capitalism, 13 February 2012
- The New Priesthood: An Interview with Yanis Varoufakis conducted by Philip Pilkington at Naked Capitalism, 1 March 2012 (Part II, 7 March 2012)
- Interviewed by Christian Amanpour on CNN International of Europe's continued experiment with Austerity, April 2012
- Roberts, Russ (25 February 2013). "Varoufakis on Value, Spontaneous Order, and the European Crisis". EconTalk. Library of Economics and Liberty.
- Interviewed on CBC's Writers by Eleanor Wachtel, April 2013
- “Greece will neither want to leave the euro nor threaten to do so”, interview by Luis Martin, 12 January 2015
- Interview on the ABC Channel (Australia) on 11 October 1993 concerning the Greek Elections.
|Minister of Finance