Finance Ministry slows blogging down but ends it not

The time to put up or shut up has, I have been told, arrived. My plan is to defy such advice. To continue blogging here even though it is normally considered irresponsible for a Finance Minister to indulge in such crass forms of communication. Naturally, my blog posts will become more infrequent and shorter. But I do hope they compensate with juicier views, comments and insights.

For hope to be revived we must all strive to change the ways of a dismal past. Maintaining an open line with the outside world may be a small step in that direction.

So, keep watching this space!


  • please continue your blogs, they are great, fun and helpfull to understand the Greek way of life. We, in The Netherlands, follow you.
    And let’s meet in March in Athens? erik rorsch

  • Who knows. We might be able to pass on an idea or two to be used in negotiations via this irregular blogging activity 🙂

    Sincerely now, all the best Yanis and may the universe give you abundant strength and fortitude in carrying this important task through. All the best.

  • Congratulations Yianni! The right man on the right spot.

    And I am sure going to miss your blogs…

  • This decision and principal is truly admirable. Congratulations and best of luck for your task!

  • Congratulations Yanis. There is now a huge expectation. You and Syriza have a chance not only to change Greece but also Europe. The people of Greece are relying on you and the party they took a leap of faith with on Sunday. Good luck and go kick ass…

  • Go ahead Yanis, it is time to turn words into actions. One day, after all, it will be time for analysis.
    Good luck!

  • You are a light in the sky for those of us who hold hope for a new direction in Europe.
    Best of luck in your new role.
    With my deepest respect,

  • Thank you so much for all you information my frend. All the best in your new position. Wtih love from Holland! Lot of succes!

  • What is happening is good and I think that what is good may become even better. Congrats.

  • Good luck in both,with sincere faith you will make it happen the best way there is.

  • I wish you the best of luck. A sharp and kind mind such as yours may find it difficult to resist remaining brutaly candid. You carry our hopes with you.

  • Good luck with your new job and remember that a lot of the population support radical change as long as it’s explained to them honestly and carried out with transparency.

  • Congrats :-). I am also a young Economist studied at the University of Warwick and a huge admirer of your thoughts and beliefs in terms of the austerity measures applied in our country. I wish, if you would like, to voluntarily assist in our huge Nation effort for dignity and respect

    Determination AND persistence may be the keys – All the best – Φάνης

  • Well said Yanis. Those of us that have had the honour to meet and openly debate with you, know you to be an honest, hard working man, completely dedicated to improve the lot of your nation. We learned to respect you from such contact; we will respect you all the more when you continue to openly debate the issues.

  • best regards Yanis, I wish you the best in your endeavors in the ministry.
    I stand behind you

  • Best wishes, I cross my fingers for you and the future.
    As you kept me well informed and stimulated my thoughts all this period, I’ m waiting for the juicier views, comments and insights.

  • Hi Yiani there several publications complaining that you announced your miniterial post too early. Could you please kindly address this issue. (this is a private message) thank you

  • Hi Yiani there are several publications complaining that you announced your ministerial post too early. Could you please kindly address this issue. (this is a private message) thank you

  • Despite what naysayers may think, blogging is only as crass as the lack of intelligence behind the words. In this case, such a definition and description of said medium doesn’t apply. Transparency and communication. Thank you from the Akropoli area, and congratulations on your new, well-deserved post as Finance Minister.

    • The problem with blogging is that political enemies like to pay saboteurs to muck up sites. It happened to the climatology scientists. It can happen anywhere.

  • Τα θερμά μου συγχαρητήρια και τις πλέον ειλικρινείς μου ευχές για κάθε επιτυχία στο δύσκολο έργο που ακολουθεί.Με αφορμή το νέο σου πεδίο δράσης… Ο άνθρωπος δεν μπορεί να ανακαλύψει νέους ωκεανούς αν δεν έχει το θάρρος να απομακρυνθεί από την ακτή.André Gide, 1869-1951, Γάλλος συγγραφέας, Νόμπελ 1947Είτε γράψε κάτι που αξίζει να διαβαστεί είτε κάνε κάτι που αξίζει να γραφτεί.Βενιαμίν Φραγκλίνος, 1706-1790, Αμερικανός πολιτικός & συγγραφέας Με εκτίμησηΔημήτρης ΚλώσσαςΣπάρτη

    Στις 10:29 π.μ. Τρίτη, 27 Ιανουαρίου 2015, ο/η Yanis Varoufakis έγραψε:

    #yiv1587293905 a:hover {color:red;}#yiv1587293905 a {text-decoration:none;color:#0088cc;}#yiv1587293905 a.yiv1587293905primaryactionlink:link, #yiv1587293905 a.yiv1587293905primaryactionlink:visited {background-color:#2585B2;color:#fff;}#yiv1587293905 a.yiv1587293905primaryactionlink:hover, #yiv1587293905 a.yiv1587293905primaryactionlink:active {background-color:#11729E;color:#fff;}#yiv1587293905 | yanisv posted: “The time to put up or shut up has, I have been told, arrived. My plan is to defy such advice. To continue blogging here even though it is normally considered irresponsible for a Finance Minister to indulge in such crass forms of communication. Naturally, ” | |

  • Now is the time Yani to implement all these that you have been promoting so passionately for years. All the best. Your listeners at SBS Radio would love to hear you commenting as Finance Minister.

  • Very good news. And indeed a wonderful occasion for “the outside world” too. Spammers might be seen more often now, maybe, but who knows, and it should not stop you. We would be honoured, and indeed it might be a new but necessary step in such times. Since I heard the good news about the elections I constantly think how hard it must be to deal with those who stubbornly believe in their old rotten methods, not only Merkel, Lagarde or Schäuble. Good luck!

  • please do keep posting and explaining in a transparent and comprehensive way what s really on the table and under too.

  • You are inspiring neo-leftists across Europe with the way you act, communicate and present yourself. As well as your understanding of modern economics. You are shrugging off all the baggage of the old left, something I – and many others – have waited for since we were routed in Genoa 2001. It has been such a long time, waiting for people like you to emerge. You blog when you want mate. Good luck. Never give up.

    • I double that of luck and keep inspiring the younger generation! You style and knowledge in economics put past ministers to shame. For this reason, they will try to crush you in every way they can! Don’t give up, stay true to yourself, try and keep the promises you have all made to the largest extend, and, if some of them don’t work out, come up with plan B or C, and always for the interest of the people. Don’t ever forget the people and not just because they voted for you, but because the people of this country finally deserve something better. They need inspiration and need to win some respect back.
      Once again, well done for your massive victory, you have many friends!!!

  • Congratulations Yanis, and best of luck. As you are aware, many of us here in Ireland await upcoming developments in Greece with the hope that they will impact upon the situation here. Regards, Dominic (West Cork)

  • Well – best of luck and stamina!

    I appreciate you won’t be revealing much that might effect closed-doors negotiations, but the public clash between rational open-mindedness and the true-believers in ordoliberalism, monetarism and mercantilism should be fascinating.

    I’d like to believe they can be persuaded, but it’s going to be an uphill task.

  • As I repeatedly stated: good luck. I do hope the reality shock you will very soon experience will not blow you out of your shoes.

    BTW, I may sound like a broken record, but if Greece would have done what was agreed upon and required, especially tax the wealthy, reduce the corruption and trim the public sector, her primary surplus and general situation for the masses would already have gone through the roof.

    You can and must now play a prominent role in what was promised by Syriza: cut the advantages and benefits for ship-owners and other profiteers, the top 10% or so of the Greek system. Repatriate the money they have stolen. Close zombie banks. Fight tax avoidance and corruption.

    • “…cut the advantages and benefits for ship-owners..”
      Mind me saying here dear Sam that at least as far as ship owners are concerned things are not as simple as they may seem and the reason for that is that shipping is an international business and as such it cannot be taxed by any single country; that would be impossible given the international nature of this business (e.g.think about a U.K.-owned vessel under a Liberian flag that transports goods, that belong to an Austrian company, from the Netherlands to China. How exactly would you go about taxing this activity..?). The government should be very careful about how it deals with ship owners because if they feel that they’re at the wrong end of the deal they will pack up and go to a more “shipping-friendly” country to base their activities in. This as you can probably realise will be a disaster for the Greek economy. Contrary to what you think most ship owners here are very responsible business people and mind me saying way more patriots than most of the politicians we’ve got in this country. So please be extra cautious when you refer to this particular part of the Greek economy. We need to take advantage of this “gem” of our economy (probably the only one) not annihilate it..!

    • Sorry to burst your bubble, most Greeks wanted and asked what you described for ages. It wasn’t “Greece” that avoided doing it; it was a series of corrupt and inadequate governments in close association with the “oligarchs” working against the wishes of the voting public. We all hope that this new government has the will to pursue this goal that the previous ones didn’t. The trouble is that most of the wealth that isn’t taxed manages to do so through perfectly legal tax evasion as the recent Luxembourg leaks clearly demonstrated. This is something that can only be addressed at international level with the commitment and cooperation of all member states. Unfortunately recent quotes in Holland, Luxembourg, Ireland etc. suggest that these countries view their status as part of a tax haven network sacred and fundamental for their well being and it will be very difficult to bring them to the table. I suggest you do your part and pressure your respective government as we do with ours. I have very little hope though that anything will come out of it. You are correct about all the things that fall under the sole jurisdiction of our own government mainly corruption and the broken banking system (although obviously these two are two sides of the same problem..) it is appropriate to expect results on this front out of the government of any country.

    • In the difficult negotiations to come with the troika, I think Syrizia will find that a real attack on the tax avoiding elites of Greece will be a significant point of agreement. I would encourage using that overlap of mutual aims as a demonstration of the refreshing possibilities that this new government brings to the negotiating table. As well, it is something that will be very popular with ordinary Greeks and Europeans. Plus, it would be a highly visible symbol that this government is serious about real change. Good luck.

    • Names of countries are neither male nor female!!!
      So,the phrase runs “it’s primary surplus..”

  • Συγχαρητήρια και καλή δύναμη! Ελπίζω να μείνετε πιστός και να αντέξετε στις πιέσεις που θα συναντήσετε από ποικίλες πλευρές – εντός και εκτός συνόρων!! Και προ πάντων να συνεχίσετε κι εσείς και ο ΣΥΡΙΖΑ να έχετε τα αυτιά σας ανοιχτά και προς τη βάση. Καλή δύναμη λοιπόν,
    Ελπινίκη Τζιάτζιου, Θεσσαλονίκη (εκ Γερμανίας)

  • 9.015€ καθαρο εισοδημα το 2013 (βιβλια εσοδων εξοδων), επαγγελμα πρακτορειο ΟΠΑΠ. Ποτέ δε κρυβει τιποτα, παντα πληρωνα στην ωρα μου (7ο-9ο-11ο). φορος…….3.840€ . Τους χρωσταω ακομα χρήματα. ΓΙΑΤΙ; καντε κάτι!
    Αν κανεις το 9015 : 12 μηνες, το εισοδημα μου ηταν 751€.

    Η μητερα μου με 75% αναπηρια, με συνταξη 420€ κ ενα ψωρο-ενοικιο 350€, με εξοδα 800€ /μηνα νοσηλεια, ρουχα, πανες τσιγαρα
    φορος 600€ . ΓΙΑΤΙ;

  • Συγχαρητήρια για την ανάληψη του δυσκολότερου ίσως υπουργείου την εποχή των Μνημονίων. Μην ξεχνάτε ποτέ ότι ο λαός σας εξέλεξε με την ελπίδα να τον στηρίξετε ενάντι της λαίλαπας που επέφερε στην χώρα η Τρόϊκα και οι ελίτ της ΕΕ. Η διαπραγμάτευση προϋποθέτει να διατηρείς πατριωτισμό στην καρδιά και το μυαλό, γιατί αυτός σου δίνει την δύναμη να αντέξεις στις έξωθεν πιέσεις. Μια χώρα, το παρόν της και το μέλλον της, τα παιδιά της και οι επόμενες γεννεές εξαρτώνται από σας.

  • 9.015€ καθαρο εισοδημα το 2013 (βιβλια εσοδων εξοδων), επαγγελμα πρακτορειο ΟΠΑΠ. Ποτέ δε κρυβει τιποτα, παντα πληρωνα στην ωρα μου (7ο-9ο-11ο). φορος…….3.840€ . Τους χρωσταω ακομα χρήματα. ΓΙΑΤΙ; καντε κάτι!
    Αν κανεις το 9015 : 12 μηνες, το εισοδημα μου ηταν 751€.

    Η μητερα μου με 75% αναπηρια, με συνταξη 420€ κ ενα ψωρο-ενοικιο 350€, με εξοδα 800€ /μηνα νοσηλεια, ρουχα, πανες τσιγαρα
    φορος 600€ . ΓΙΑΤΙ;

    θα κανεις 12.000 αφορολογητο;

  • I wish you good luck, only if your efforts are towards the Greek Ethnic interest. I hope that for a change you as a minister will serve the interests of the Hellines and not of foreign neocolonial, neoconservative, pseudo-democratic and brutally neoliberal interests, who wish to see the people slaves under their dominion! It is time for the state to serve the Greek people. If this is your wish and your will good luck!

  • Congratulations! Its great to have a Finance Minister with your background… Wish you the best of luck.

  • congratulations yannis . These are very emotional momments for me .I used to listen to your economic opinions when i used to live in Sydney and you were teaching at Sydney uni . i follow you all these years through your books , blog etc. I wish you all the best mate to your new task ,from my heart. Theodore Yiannakopoulos (industrial chemist Greekausssie living in Athens)

  • It’s refreshing to see that the new goverment has no fear of changing old political habits. Prime minister takes a civil oath (tieless), finance mininster keeps bloging. Hope the motivation to change things will stay.
    It would also be interesting to know if the new goverment has any plans of using data science, predictive and prescriptive analytics and other advanced technologies to solve the monumental problems it will be facing. Any plans there?

  • Good luck! Please do your absolute best, our country needs you to succeed. You already have my vote but you have to work hard for all Greeks even the ones that didn’t vote for you. My hope is that common sense will prevail and that the true European spirit will rise out of the ashes of this crisis.

  • Well Yanis, as you see, everybody loves a winner! I was hoping you would continue to blog so those of us that have followed you for years could be kept abreast of your progress. Could we start by asking what is the strategy or whatever of forming a government with a “far Right” party? Or are they a far Right party?

  • Yanis, cordially all the best. I remember you telling me four years ago “no, I am not made for politics”. Here you go. I wish you again all the toughness you will need to negotiate with Mme Merkel “my” not so beloved chancellor. Whenever your way brings you to Thessaloniki you may want to taste (literally) a maybe unusual sucess story. Two crazy Germans opened a Restaurant, created 18 jobs – and the project thrives. Take a look or

    Honestly. The restaurant is 15 minutes from the airport. We will always be happy to welcome you.

    All the best


  • You hold hopes of so many, not just in Europe but far far indeed. All the best as you engage the monstrous troika! regards from South Africa

  • Congratulations form Albania mr Varoufakis,

    An economically strong Greece is a blessing for the whole Balkans and especially for Albania, as more or less, almost one million Albanian immigrants live in Greece.

    I can’t wait to see your work and the new spirit you will inject into the Finance Ministry!

    All the best from Tirana, Albania

  • Gianni mou you were the lone voice of sanity for many in Greece during the crisis and for that we will always be grateful however things turn out. Best of luck

  • Good luck with the Herculean task. I have a feeling, though, that you may not be able to continue blogging here: unless you use this blog as a negotiating tool (to convey public messages to governments, for example) it will likely conflict with your new job. However, you can be sure that your regular readers would appreciate anything you can post here!

  • Congratulatios on your worthy appointment. It is also refreshing and exciting that you choose to keep this space open and keep this communication alive. The near complete isolation our past political elites had from the people was one of the deciding factors for the mess that we now find ourselves in. Thank you and keep it up, your tenure as finmin seems bright already.

  • OPEN NEGOTIATION. Keep blogging. Do not accept to negotiate within the closed doors of Ecofin and Eurogroup without declaring that the Greek Gov will keep to fully revealing the negotiations to the Greek people. You need the support of all Greek people. If you move negotiations to public field, the other parties will be unable to put unethical pressures on our Gov …as they are used to do within closed doors.

    • I second that, and wish that we will see a paradigm shift in the way these negotiations go. The people need to be included in the process, we need to be informed and we need to accept ownership of the final decisions even by referendum if necessary. Let’s move towards a true, democratic, open government instead of a closed autocratic one that’s used to operate closed doors diplomacy.

  • Strong, courageous, hard worker and open minded as you are until today. Good luck most of all ! You are supported by people who you convinced them that you speak the truth! Keep on.

  • Συγχαρητήρια και καλή επιτυχία στο έργο σας.

    Πέρα απ’τα άμεσα προβλήματα που αφορούν στην κρίση, οι άνθρωποι της γενιάς μου περιμένουν και ελπίζουν και σε κάτι παραπάνω από εσάς. Στον εκσυγχρονισμό της νοοτροπίας και των οικονομικών θεσμών/διαδικασιών και την έξοδο από το βαθύ μεσαίωνα της δημόσιας οικονομικής διοίκησης, στον οποίο ζούμε.

  • Dear Mr.Varoufakis,

    First of all my congratulations with this new job. The Greek future will be bright, if you get the possibility to follow your comments on your blogs With pleasure we have been following your blogs. I do not really understand Greek politics, but your comments were clear, understandable and honest.

    From our work, especially during the past 3 years, in Greece we know there are many many people around the world willing and wanting to help you. But these people are mostly held back by all kinds of politics and a lack of trust and cooperation. A lot of money could have been invested in Greece in our plans, many jobs could have been created….. but nothing happened. Mainly due to bureaucracy and a lack of cooperation.

    YOU can now promote the Greek way of life and show good politics at the same time to the rest of Europe. If you make it easy and enjoyable for European companies and people to invest in Greece and in the Greek people.

    We are willing to help you. I should be back in Greece at the end of February to visit several friends and organizations we are helping (free of charge).


    Erik Rörsch Project creator. editor and creator of:

  • Επιτέλους και ένας Υπουργός Οικονομικών που με προδιαθέτει θετικά για τη δουλειά που θα κάνει. Έχω ένα πολύ θετικό προαίσθημα για σας κε Βαρουφάκη, ελπίζω να μη μας απογοητεύεσετε…
    Σιδεροκέφαλος και καλή επιτυχία στο δύσκολο έργο σας!
    ΥΓ Ομολογώ ότι δεν ψήφισα ΣΥΡΙΖΑ, άρα όπως καταλαβαίνετε έχει διπλή αξία το σχόλιο μου!

  • Καλή επι-τυχία Γιάννη. Καλή επιτυχία σε όλους τους συνεργάτες σου. Περιμένουμε με αγωνία την έκβαση της διαπραγμάτευσης και κυρίως τις αλλαγές και τον εκσυγχρονισμό των παραγωγικών δομών της Χώρας. Χρηματοδοτήστε με οτι λεφτά μπορείτε τα νέα παιδιά που έχουν όραμα. Χρηματοδοτήστε άτομα και ομάδες που θέλουν να αναλάβουν ρίσκα και να πετύχουν. Στηρίξτε την οικονομία της γνώσης. Μόνο εκεί μπορούμε να ελπίζουμε σε παραγωγικό πλεόνασμα, σε δημιουργία υπεραξίας που θα χρηματοδοτεί απρόσκοπτα την πρόνοια. Αναθέστε σε κατάλληλους ανθρώπους την διεξαγωγή διαγωνισμών καινοτόμων ιδεών και αξιολογήστε τα αποτελέσματα όχι με ακαδημαικά κριτήρια αλλά με δυναμικά κριτήρια…
    Διαπαιδαγωγήστε την νέα γενιά στην ελευθερία να πετύχουν στηριγμένοι περισσότερο στην προσπάθειά τους , στον κόπο τους , στο ρίσκο τους, Όχι στην παθολογία του βολέματος και μιας αόριστης προσδοκίας προστατών τους.
    Αυτό θα είναι το προζύμι που θα φουσκώσει την οικονομία μας και θα δώσει ψωμί για όλους όσους ζύμωσαν…

  • Although its not fashionable, and despite the bulsheviks’ objections, may Christ guide your blesssed talent for Hellas

  • Kindly Remember:
    1.Keynes Drunk Sailor Blanket
    2.Wörgl Parallel Local Currency 1930
    3.InstantTaxation with use of Direct Debit Cards
    4. Money Circulation Impact
    We Wish you Luck!
    Socrates Zygomalas

  • Πάντα έκανα κριτική στα άρθρα σας στο Protagon, αν διαβάζατε τα σχόλια ίσως να το ξέρετε. Όμως φαίνεται πως αποφασίσετε να κάνετε πράξη αυτά που πιστεύετε από την πλέον κατάλληλη θέση. Παίρνετε μεγάλο ρίσκο και αναλαμβάνετε μεγάλη ευθύνη σε πολύ δύσκολη στιγμή και γιαυτό είστε αξιέπαινος. Συγχαρητήρια και καλή επιτυχία!

  • Congatulations Mr. Varoufakis and good luck for a head start. Our positive thoughts are with you. I m sure that a Game Theorist will be the Game Changer for the best of Greece. No more “lemons” for Greece :). An x-student from Cyprus.

  • Congratulations on the victory in the elections – and I wish you success in your new role as Finance Minister!
    What a great opportunity. Your new role finally gives you direct access to some of the people who actually have the power to decide about the implementation of your ideas, among them the “modest proposal”.
    I am glad you are planning on continuing to blog here.
    After, it may be unusual for a Finance Minister – but nevertheless possibly also a smart move that keeps another channel of influence on public opinion open to you, not least in Germany.

  • Bravo Yani Varoufaki. Sinharitiria ke efhomaste edo apo tin Indonesia na pane ola kala. Prepi na apodixoume pos i pnevmatiki anthropi ine itan ke tha ine anoteri apo tous tehnokrates… Evge!!

  • Cheers from a Greek Australian who after 14 years in Greece has migrated back to Melbourne. A victim of the crisis who was lucky enough to come to a land of opportunities. I am hoping and believe you will do your best to help all of those who have no choices left and are fully dependant on the new government. Good luck and God bless.

  • Go for it! I am from Germany and the media coverage about Syriza makes me sick. We have the wrong government over here and are unfortunately light years behind the Greek people to vote for change. Perhaps people over here have not suffered enough. Only 10% of the German working (!) population has an income below the needed minimum to afford living. By the year 2030 more than 40% of Germans will receive a pension below 400 Euro despite 35+ working years.

    Thank you, Mr Schaeuble. Thank you, Mrs Merkel. Oh, by the way, parlamentarians just increased their monthly base salary to 10.500 Euros. Well deserved payrise.

  • Hope that you are not adopting the “crass” definition of bloging and continue with it.

  • The very best of luck to you and the people of Greece; remember (and I’m sure you don’t need to be reminded) that the banking elites of Europe and Greece and all of the mainstream political parties will be doing their powerful utmost to make sure you fail, never mind the cost to the people of Greece… they can’t permit the ‘threat of a good example’ in Europe, after all. Keep your friends close and your enemies (pretty much the whole political establishment!) closer still!

  • Συγχαρητήρια για την εκλογή σου και ειλικρινά ελπίζω να πετύχεις για το καλό όλων μας. Ελπίζω να συνεχίσουμε να σε διαβάζουμε έστω και αραιά γιατί το χρειαζόμαστε . Εύχομαι απο καρδιάς καλή τύχη και πολύ πείσμα στα νέα σου καθήκοντα

  • Congratulations!
    Reforming and better shaping up a newly developed EU economic system will prevent the worst for members states, that seems to be your main challenge. The problems are not just in GR but in core.
    Have fun. I hope you remain vocal and keep providing future possible outcomes, scenarios, graphs, studies, good research – all required to “drop the bomb”, to open doors for pragmatic solutions. Targeting peoples minds (especially in Germany) wont be work that their own politicians will do for you. Once you do the work and gain the popular ground …… . their politicians will follow!!

  • Συγχαρητήρια, αυτό συζητάγαμε σήμερα στο γραφείο, ξέραμε εκ των προτέρων ότι δε θα σταματήσετε να μας στέλνετε έστω και μικρά σημειώματα ! Να είστε γερός και φωτισμένος !

  • Bravo Yanni.

    Be frank with the people. Transmit to them the words you hear in your negotiations with the waterboarders, wherever you encounter them, whatever they may be. Act as a conduit, not a filter. Do not second guess the people’s reaction. Trust it, as they have trusted you. The Truth is vital. Decades of theft and lies has scarred Greek hearts. There is deep cynicism.

    You, and Syriza, are different.

    Be brave.
    Remember, Greece has an abundance of eternal heroes.

    It is always the people who are the ultimate arbiters of their status in history.



  • I’ve never posted anything here before, but I’ve been following the blog since the crisis began, (as a student I think I frequently saw Yanis around the Adam Smith building in Glasgow university), I just have to offer my congratulations from here in Scotland, you’ve brought hope to Greece (my wife’s homeland) and beyond … best of luck.

  • Δυσκολεύομαι να κατανοήσω γιατί ένα τέτοιο μήνυμα να νιώσατε την ανάγκη να το γράψετε στα αγγλικά – ή έστω, πρώτα στα αγγλικά.

    • Γιατί όπως βλέπετε η πλειοψηφία των ακόλουθων του είναι αγγλόφωνοι προφανέστατα.

  • Best of luck to you.
    The task is immense may you find the strength to do it.
    Austerity is not the way and I hope you can show that to Greece and to Europe.

  • Good luck Yanni,

    And do not listen to the boring old establishment.

    Be who you are, and that is all that matters.
    The whole world could be better off without all those hypocrites.

    And please remember, that there are many immigrant Greeks like myself, who want to return back and create small businesses. Creating jobs in the process.

    We do not want handouts to start the companies, but we need a fairer taxation and not struggling a new company with bills to pay like TEBE etc, before they even have their first meeting with their first customer.

    You have good experience how small companies and taxation work in Britain. Use it to change the Greek unfair spaghetti. There are the steps for a private sector growth and new job roles.

    On the other hand seal-club anyone who is trying to dodge taxation with dubious methods, but to justify that, need first more streamlined and fair taxation system.

    Good luck.

  • Congratulations!

    In a recent interview you were very discreet and “politically correct” about your ambitions regarding a possible role in the new Government. When I saw it, I was hoping that you would say that your ambition was to become the Minister of Sports!

    As a liberal and fellow European allow me to throw in some points.

    1. The Lisboa Treaty draws inspiration “from the cultural, religious and human inheritance of Europe, from which have developed the universal values of inviolable and inalienable rights of the human person, freedom, democracy, equality and the rule of law …”. As far as I have read the treaty, it does not put spreadsheets, flawed economic models or existing powers above humans and their rights. Private banks that get bailouts (from humans at the expense of humans) are supposed to go bankrupt in a market economy. Hence the flawed models of the troika are neither market-based nor human. It is hard to fathom a European Court judging otherwise legally.

    Point number one: Please re-read the Lisboa Treaty. It could be useful.

    2. The anthropologist David Graeber has written a great book; “Debt; the first 5000 years”. Having lived under the punishing and mathematically impossible concept of compound interest and interest decoupled from real value creation for a couple of hundred years, both Europe and the rest of the world would be well advised to adopt a financial system that is arithmetically possible. Recurrent financial crises and bubbles are a logical consequence of today´s man-made system, which is condemned by Judaism, Christianity and Islam.

    Point number two: Please read Graeber before you get drawn down by the everyday details.

    3. And finally, a small suggestion. Through membership in the extended EU, the EEA, rich Norway is obliged to support the weaker countries i Europe. So far the new conservative Government is just as reluctant as the former social-democratic Government was to increase the contributions. However, they are still negotiating.

    Point number three: Ask for more from Norway – much more!

    • Hi Nils, can You place a link to an online Lisbon Treaty [in English, perhaps?] Thanks, Andorinha
      P.S. I find it bad manners on my part to highjack Yani’s blog to post a request, woops.

  • Haaiii, i am happy to hear that you will keep expressing your opinion normally, to everyone, as you have been doing.

  • Καλή δύναμη Γιάννη σε ένα τιτάνιο έργο.
    Να ξέρεις ότι σας στηρίζουμε και ότι αν κάνετε το δημόσιο – υπουργεία κλπ να έχουν ευελιξία και να μας αντιμετωπίζουν με αξιοπρέπεια θα είστε σε θέση η προσπάθειά σας να συνεχιστεί για πολλά πολλά χρόνια.
    PS. Επίτελους ένας υπουργός που δε νομίζει ότι game theory είναι τίτλος συγκροτήματος.

  • Congratulations! (I think).

    If anyone can do this, it is you Yanis.

    Best of luck!

  • All french real left look at you, please, please, be strong and successfull, we tremendous need it.

  • Good luck in your new role ,hope Greece comes out of the tunnel into the light where it belongs .

    • Please don’t forget the Cyprus problem ,the condemnation of Turkeys bullying tactics should be the first subject on the agenda of the Greeces new government .

  • congratulations…and don”t forget productivity…productivity…productivity.

  • Why don´t you hire someone continuing the blog?
    That could be a smart move.

    • The moment anyone employs another to write their thoughts; speech writers are a very good example; from that point forward we are not looking into the thoughts of the individual leader; we are instead looking at those of the writer; who was not elected and about whom; we know nothing.

      So called Leaders who employ others to write for them; tatally abrogate their responsibility. Today, more than at any previous time in history; we must have honest minds leading us from their own intellect. As such, I can only applaud the answer given by Yanis.

  • A hug from Italy, I will follow with pleasure the your important new role, courage Greecks, you can do it!

  • Θερμά συγχαρητήρια κε Βαρουφάκη!!!Χαίρομαι που η ψήφος εμπιστοσύνης μου στο πρόσωπο σας, δεν πήγε χαμένη!!!Είστε ένας άνθρωπος που τα τελευταία χρόνια, εμπνέει όλους μας, με το λόγο και τις πράξεις του, πρωτοποριακός και καινοτόμος!Δεν έχετε καμια σχέση σε ο,τι έχουμε συνηθίσει μέχρι τώρα στο πολιτικό σκηνικό και χαίρομαι που ο νεος μας πρωθυπουργός διέκρινε σε σας , ο,τι διακρίναμε χιλιάδες Ελληνες που σας ψηφίσαμε!Είστε απόλυτα κατανοητός και άμεσος σε αυτά που λέτε και γι’αυτο, και ‘οχι τυχαία, ο λαος σας εμπιστευτηκε την πολύτιμη ψήφο του!Δεν είμαι οπαδός της κυβέρνησης που επιλέξατε να αντιπροσωπευσετε αλλά χάρη σε σας…έγινα!Περιμέναμε όλοι κάποιον σας εσας και σας έχουμε απόλυτη εμπιστοσύνη στο Ευρωπαικο σας όραμα!Καλή δύναμη στο δύσκολο ‘εργο σας!!!Ο Θεός να σας ευλογει και να σας φωτίζει!

  • Congratulations Yani. My best wishes for success in the difficult task ahead. The democratic tradition of Hellas is again at the helm of our nation. I hope that the people of other nations in Europe will elect leaders who trully represent the common good of their societies. An expatriate from Canada.

  • Καλή δύναμη στο δύσκολο έργο! Είναι πρωτόγνωρη ευχαρίστηση και τιμή μου να έχω έναν εκπρόσωπο στο Ελληνικό Κοινοβούλιο που ξέρω ότι μοιραζόμαστε τον ίδιο τρόπο σκέψης.

  • Σας παρακολουθω απο καιρό. Οσες φορες συμβαλλατε με την οικονομική σας ανάλυση μεσω ΣΚΥΠΕ σε διάφορες εκπομπες. Η γνώμη σας τοτε δεν χάιδευε αυτιά και μου ακουγόταν αντικειμενική και εξειδικευμένη. Δεν είμαι παραδοσιακή ψηφοφόρος της αρισερας όμως ελπίζω πως αυτή τη φορά όλα θα πάνε καλίτερα γιά την Ελλάδα μας. Εύχομαι να μη μας απογοητεύσετε εσείς και ολόκληρη η νέα κυβέρνηση. Καλή δουλειά και καλή επιτυχία.

  • καλή επιτυχία στο νέο πόστο

    Ευελπιστώ ναμην ξεχάσετε ότι θεωρητικάυποστηρίζατε ως τώρα για το χρέος ή για την ανάτπυξη της χώρας ή τη διαφθορά. Για να μη πάει χαμένη άλλη μία ευκαιρία ….

    με εκτίμηση
    Δημ. Υπάλληλος

  • κυριε υπουργε δειτε και λιγο το ΧΑ εκτος απο το blog σας, που κατακρημνιζεται καθε μερα και τρωει περιουσιες.
    διαλυστε το αμα ειναι το μαγαζι να τελειωνουμε.
    συγχαρητηρια για την υπουργοποιηση σας, ευχομαι -και ελπιζω- τα καλυτερα.

  • Reblogged this on ejkontos and commented:
    Apart from best wishes to your new endeavor, please keep one thing in mind. If you want to find the most appropriate solution in relation to any regulatory or tax problem, ask the market, ask the people who deal with the problem everyday. Most of the times they know the solution better than any high rank advisory firm (rest assure many will surround you quite soon).

  • Αποζημίωσε με 1.5 δις τους μιρκομολογιουχους.. Δεσμεύσου για έκδοση νέων πατριωτικών ομολόγων και δανεισου με χαμηλότερο επιτόκιο απο οτι η αγορά και οι τοκογλυφοι.. Λειτούργησε ΞΑΝΑ τον εσωτερικό δανεισμό, σταματά την αιμορραγία δεκάδων δις έξω!!!


  • Congratulations for this great political victory. May Europe listen to the message of the Greek people. I wish you well and will support Syria in all possible ways.

  • I think I am joined by many here in Europe and elsewhere in wishing you good luck in your new position. Fresh voices and perspectives are needed. You have the opportunity to speak frankly and to be heard on the vital issues of equality and fairness in the global economy. Godspeed.

  • Good luck! You’ll need it – dealing with the Troika will be very tough, especially considering they’re seemingly hellbent on pushing the neo-liberal route to hell upon Greece.
    I hope you can solve the financial problems and do justice for/to everyone!
    Best wishes from the Netherlands

  • Keep blogging, keep communicating, keep listening…

    If you stop listening, if you become a Greek politician, it will be time to take the letter of resignation out of your back pocket and use it.

    You have no idea how happy I am that you got the finance ministry of Greece. Now I have hopes again that Greece may stand on its feet again.

  • Congratulations and please keep in mind , the well known to you , parameters of having GREECE and their civilians in the situation we are , ( or was ) , till today.
    All we need is dignity in our life.
    Wishing you the best for your new role.

  • I would hardly think of blogging as “crass”…in the development blogging community, at least, I have heard the blogosphere referred to as a sort of informal “university” of idea-sharing and knowledge exchange. It may be grasping too high, but I certainly have learned a lot.

    At any rate, I heard about your election from my husband, who took your course at the LBJ school last fall. We both wish you luck. I personally like to see outsiders in politics, so I hope it goes well for you – and, from what I have heard, defying the status quo to continue blogging sounds like your style, anyway.

  • Congratulations! I have followed your every blog entry since the time you went on tour for the “Gobal Minotaur.” I must say I was disheartened to hear persistent statements from you that you would never seek political office and so I had inferred from that, that you were like any other academitian trying to get exposure in order to sell his books and research… until I saw your Germany videos… until you accepted the appointment of the Minister of Finance. My humble advise going forward: reach out to Lygeros for strategic planning.

  • I am really, really excited. This is one of the best news I’ve heard in years. And James Galbraith will be on board, too ? Also great news. I hope you will all be members of a great team.

    So do it your way – and show the moralizing minions of the upper classes what Greeks can do.
    I wish you all the best: strength, calmness, edurance and punch.

  • congratulations on your new position as minster of finance of Greece. I wish you all the best! As a Dutch investor in Greece I hope you will bring out the best for your people and provide them with the oppertunities to make something of their lives.
    If I may offer one word of advice: if the Eurozone will stop financing Greece (because you want to reduce the deficit in an impossible way) then greece will have to borrow money from the markets. That is simply not possible. when that happens Greece will be cut off from financial markets. Effectively this means that you must reduce the deficit in one night from roughly 13% to 0. talk about austerity measures. I hope you realise that no country in the world can keep spending more then they earn. however, HOW you reduce that deficit is now up to the new government. reforms are necessary to make Greece stronger. fact is, your country has a huge debt that MUST be repaid. I hope you find a way to deliver on some of the promises you have made the people of Greece. I sincerely wish you all the best! The financial situation of Greece (and also partly the Eurozone) is now your responsibility. I hope you are up to the task. Good luck! you’ll need it

    • It has nothing to do about banksters (whom create money out of thin air) any more!
      It is about The well being of the People !

      Nick Hanauer “Rich people don’t create jobs.


  • So let’s have the first Financial Minister’s Blog in the world…..

    Why not start a new blog. An official blog of the minister of finance.(not of the ministry) It has never been tried before but as you will have enough resources at the ministry to help you with that project, you will get to the chance to have a more direct communication with Greek citizens and maybe explain in more detail your designs and actions. In the past this lack of communication and more direct contact was responsible for misunderstandings and preconceptions that more often than note were not fair.

    So let’s have it …..the first Financial Minister’s Blog in the world…..

  • Hals- und Beinbruch. Καλή τύχη.

  • Yanis, let me express my most cordial congratulations! I have followed your blog, articles, interviews etc. pretty much from the beginning of the euro crisis, after having discovered the first version of “The Modest Proposal”. When I read that, I immediately felt that I had struck gold, and and that is exactly the way I view the latest versions of that “Modest Proposal”. Indeed, if there is a gold standard that has been needed acutely and almost painfully here, so as to save the economies of euro area from decay and chaos, it and only it is the needed gold standard!

    Hence the news of your becoming the Minister of Finance in the new Syriza-led government of Greece was a cause of jubilation. True, I would have been even happier if you had been chosen to the post of Finance Minister of Germany, but that would have been going beyond the realm of modest proposals to that of utopia.

    What follows is an enormously difficult task to find a way from the labyrinth of Minotauros: the thread of escape is so frail and vulnerable. Many people who invested so much hope to Syriza’s election victory are unlikely to understand just how much pragmatism, realism and sheer cunning is required to get us out of this terrible labyrinth. For one rarely can choose the conditions under which one desires to change the world. We all need to support this Great Escape, including whatever opportunistic moves it may demand. A story worthy of great Greek dramas has now moved to the next act. We cannot afford to let it turn into a tragedy.

    All the encouragement for your new and demanding mission!

  • Sir, I’m given relief in your potential appointment; you are reasonable and will lead Greece to a stronger faster, recovery. Good luck.

  • Excelent news, Yanis, i wish you excelent luck too.
    I will closely follow your progress in reforming national mood and thinking of what is possible in today’s world.
    Croatia also need example to look up to in order to come out of this malaise the whole Europe is in.
    And also write about mistakes if you encounter any in your aplication of theory to the real world.
    Thanks and keep going. never give up, never surender. good luck

  • Congratulations and good luck for all your future negotiations with Madame Lagarde, Frau Merkel and the whole lot. Here in Italy
    we are still celebrating Syriza’s victory. You have two excellent Italians in the EU Parliament my favorite Italian journalists: Barbara Spinelli and Curzio Maltese.
    All best

  • Congrats! A badly needed victory for radical reform — and perhaps a chance for Greece to recover its historic role as a beacon of enlightment. You have an opportunity to put forth an tough agenda for democratic renewal and economic justice at home and abroad that is not just limited to Greece’s particular needs. There is much to do, but you will find allies from all over the EU, and indeed, the world.

    The EU, in particular, needs to crack down on tax evasion, the global haven industry, bank-facilitated fraud and speculation, money laundering, and its own bloated bureaucracy. It could start with a truly progressive EU wide tax and banking reform, including (1) an end to base shifting by MNCS; (2) an FTT, which would hit speculative trading by big FIs, (3) a 1% p.a. withholding tax on $trillions of anonymous wealth held in offshore companys, trusts, foundations, and bank accounts; (4) tougher criminal sanctions for banks that facilitate money laundering, corruption, and tax dodging; (5) better protection in the EU for whistleblowers; and (6) a serious EU wide investigation, with subponae powers, of the financial crisis and the role of havens like Switzerland, Luxembourg, the UK, and the US — something that has not been done anywhere.

    You face huge challenges, and many will tell you the job is impossible. But all great achievements in history were once considered objectively impossible. As the German radical Kurt Eisner said way back in 1919, “Our task is not to make necessary what is “possible,” but to make possible what is necessary. ” Forward!!’ And make your own good luck.

  • What a fine line you have to walk. Make Greece’s radical experiment a success so that it can propagate to Spain and the rest of Europe. Avoid the watering down and social-democratization of Syriza’s platform, while maintaining a necessary dialog with the Troika neoliberals.

    In recent years I have taken a somewhat cynical step away from politics. But you guys are reigniting the passion in me.

    ευχαριστώ for that 🙂

  • To say it is surreal to have had a blog conversation with a current finance minister is the biggest understatement of my life.

    Yanis I wish you every success.

    If you are ever looking for feedback from a Greek business person, feel free to drop me a line

    All the best

  • congratulations professor! I always knew I was in the presence of a great mind. Blessed be your journey…

  • Congratulations! for the first time in living memory we see a Finance Ministry headed by an economist who actually knows something about economics!

  • Good luck from the UK. I wish you well and look forward to seeing an alternative to the austerity measures which have blighted so many lives.
    I would like to see you take on George Osborne in a head-to-head.

  • It’s time somebody showed them (you know who) what a proper left hook feels like 😉

  • Καλη τύχη και καλή δύναμη εύχομαι κι εγώ με τη σειρά μου. Οι δρόμοι μας συναντήθηκαν πέντε χρόνια πριν όταν άρχισα το μεταπτυχιακό μου στο Ανοικτό Πανεπιστήμιο Κύρπου και που στην πρώτη θεματική ενότητα είχα εσας ως καθηγητή. Ένας άνθρωπος απλός, λιτός χωρίς όμορφα λόγια αλλά με όμορφες ιδέες και με μία coca light στο χέρι, έγινα αμέσως θαυμάστρια αλλά και συνεχιστής όλων αυτών των σκέψεων μεταδίδοντας αυτές σε όλους όσους συναντούσα μετά. Ως ένθερμη υποστηρίκτρια είχα στεναχωρηθεί που κάποια χρονική στιγμή μας αφήσατε για το εξωτερικό και χαίρομαι πάρα πολύ που ένα τέτοιο μυαλό γύρισε πάλι στη χώρα αυτή για να αφήσει το καλύτερο ίχνος όσον αφορά την οικονομική μας πολιτική. Όταν συναντηθήκαμε εργαζόμουν στο Υπουργείο Οικονομικών αλλά σε εφορία τώρα βρίσκομαι στο Γενικό Λογιστήριο του Κράτους. Είμαι έτοιμη να ακολουθήσω πιστά όλες τις οδηγίες σας όπως ήμουν και τότε ως φοιτήτρια! Σας ευχαριστώ πολύ.

  • Τα θερμά μου συγχαρητήρια και καλή επιτυχία στο δύσκολο έργο που αναλάβατε!

  • Dear Finance Minster Varoufakis,

    Strange as it may sound, your are the only Finance Minister I know who has all of a sudden become a “Poster Child” for a generation of dispossessed in Europe and further afield. What I find most interesting, and from personal experience these past 48 hrs, where no media interest existed last week, apart from barbs and snipes, today you are very much in demand. It was once observed by Harold Macmillian, a former UK Prime Minister, that a week in politics was a very long time, well your time has come and it took no more than three weeks, so lets build bridges, sow sympathy and get on with change. Europe’s eyes are now upon you and Greece – please don’t blow it and stick to your guns. Right really is on your side. And don’t forget to “Post”, if only to keep us appraised of the uphill struggle you and your Greek peers have just embarked upon, a struggle that one day may form the basis of another Greek tragedy, but one with a happy ending for the Greeks themselves – which will be good news for Europe and bad for some.

  • συγχαρητήρια και καλή δύναμη…νόμιζα θα σας βλέπαμε στην τελετή ορκωμοσίας, μέσω skype! 😛

  • I wish you all the best, and of course the same for your country!
    Paolo, who lives in Italy but thinks to come to Greece, and not only for holidays.

  • Λοιπον, να ευχηθω και γω καλη τυχη στα καινουργια σου καθηκοντα! αν και δεν πιστευω στην τυχη… η αναρτηση σου να κρατησεις το blog για μενα σημαινει οτι θα μεινεις οπως εισαι, θα τα λες οπως τα λες και δεν θα σε αλλαξει η καινουργια σου ιδιοτητα… ειμαι το 1986 και απ οτι διαβασα εσυ τοτε διδασκες ηδη… ειμαι ηλεκτρολογος μηχανικος αν και δεν εχω ακομα το πτυχιο μου λογω βλακιας μου αν και υπηρχουν καλες δικαιολογιες που δεν το εχω… αλλα θα το παρω τωρα! Πρωτος γιος μονογονεικης οικογενειας προσπαθω για την αξιοπρεπεια που ακουσα απο τα σποτακια σας… παρολα αυτα με 580€ το μηνα δεν μπορω και πολλα… με τον μικρο μου αδερφο να ειναι σε ανεργια και την μανα μου να παλευει για 800€ !! με ενα αμαξι στην οικογενεια λογω αναγκαιου κακου (που σημαινει 270€ σημα + 400€ ασφαλεια τον χρονο…) γιατι δεν το ηθελα για βολτες… αλλα για να μην βλεπω την μανα μου μεσα στις βροχες, στα κρυα, στις ζεστες να κουβαλαει σαν ζωο… δε στα λεω για να κλαφτω αλλα για να ξερεις οτι υπαρχει και αυτη η πλευρα! η πλευρα αυτη που ονειρευεται που θελει πολλα και με 580€ δεν μπορει να κανει ουτε τα βασικα… δυστυχως παρατηρησα οτι ακομα και απο σας την καινουργια κυβερνηση καθως υπογραφατε οτι αρκετοι αρεσκονται σε αντικειμενα πολυτελειας… και φυσικα καλα κανουν… και σε μενα αρεσουν και ειμαι λατρης τους (εχω δυο seiko ομως…) και φυσικα μιλαω για τα ρολογια… ειδα αρκετα rolex omega etc… που κοστολογουνται κοντα στα 5000€ απλα η διαφορα ειναι οτι εγω απο το αγχος για λιγοτερα ευρω χανω καθε μερα τον εαυτο μου…και μαλλον πνιγομαι σε μια κουταλια νερο απ οτι φαινεται… ενω εκεινοι κανουν την κα@λ@ τους… (δεν τους κατακρινω αλλα ασε με να πιστευω οτι καποια μερα και γω θα μπορεσω να το αποκτησω…) θα μενω συντονισμενος εδω απλα και μονο για να σου υπενθυμιζω την απο εδω πλευρα… και τα λεω σε σενα γιατι σε πιστευω!!

  • Congratulations on your win. Your party has given hope to the whole world. But, as realistic as I am, I think the Powers That Be will crush you. In their minds TINA and you present an alternative…it will be unacceptable to the elites. See Venezuela. I suggest you read the following, maybe it will offer some interesting ideas:

    I didn’t write this. Good luck.

  • Yanni, Congrats on your appointment as FinMin! As an Anglo/Oz who has lived in Athens for the last dozen years, I look forward to you bringing some semblance of order to Greece’s parlous financial situation. I believe you have your work cut out for you but that the task could not be in better hands! Good Luck, and thanks for keeping your blog going.

  • Yani, or Mr. FinMin should I say. I am not a leftist but as a Greek, and following your first remarks and statements closely I must say: Πάμε γερά! Επιτέλους να πρυτανεύσει η λογική! Godspeed!

  • Bravo Greece! Hope you will find your track and become an inspiration to the desperated Europeans. Because, only insane, bad and indecent persons do not believe In an Alternative!

  • Mucha suerte, lo mejor para el pueblo Griego y para el Gobierno entrante. La mejor suerte. Good luck the best for the Greek People and for the incoming Government. All the Best

  • No person who believes in democracy and the freedom of speech who ever accept the shut down of a personal blog. What is completely understandable is that there is not a lot of spare time to continue blogging in the same frequency. Well done for your election Mr Varoufakis, I personally wish the best for the difficult ministry you were assigned to. Keep blogging

  • Reblogged this on Week of the loner and commented:
    Greece has a new cabinet of mavericks.Greek PM Alexis Tsipras unveils cabinet of mavericks and visionaries is the title in today’s Guardian! The Minister who is going to right the economy ia an avid blogger and Aries native born March 24

  • Congratulations Yanis,now that I can still call you like that..It seems that you belong to all the people who believe in an alternative solution in politics,(without even being a “stricto sensu”politician) and that you have acted like a “broad spectum “antibiotic” against the so far established ideas about economy and social functions in general!

  • During you negotiations, consider what Nixon told Kissinger to do when negotiating with other heads of state: Convince them that I’m crazy, that I’m a madman.

  • Best of luck! I have no doubt that your strategy will lead our European partners to act sensibly for the greater good of Europe.

  • Συγχαρητήρια κ. Βαρουφάκη, σας εύχομαι οτι καλύτερο στη θητεία σας. Εδώ και δύο χρόνια, σας παρακολουθώ στα ΜΜΕ και ο λόγος σας ακουγόταν στα αυτιά μου σαν “οικονομικό ευαγγέλιο”, οπότε καταλαβαίνεται πως στο άκουσμα οτι γίνατε υπουργός οικονομίας με έκανε ιδιαίτερα περιχαρή! Καταλαβαίνω, πως πολλές φορές θα υπάρχουν στιγμές που το σύστημα θα σας αναγκάσει να πάρετε αποφάσεις που θα είναι κόντρα στα πιστεύω σας και στις απόψεις σας, αλλά πιστεύω πως εκείνη την δεδομένη χρονική στιγμή κρίνεται ο άνθρωπος για το αν θα αφήσει “το σημάδι του στο σύμπαν” ή όχι… Ο εύκολος δρόμος είναι να γίνεσαι το ερεισίνωτο των δυνατών, αλλά κατά κανόνα οι δύσκολοι δρόμοι είναι οι σωστοί!

  • Let’s make progress happen, mentally and economically. I don’t know how. Maybe you do. Best wishes from Germany. We shall flourish together.

  • Dear Yanis,

    I just saw it on the news! 🙂 It is in deed what I had hoped for since a long time, that Dr. Strange et al. need to face you and more so take serious what you have to contribute. Before I came here I said to my Ladylove that I am convinced that you will not stop posting on your blog, on the contrary. So glad to see that my gut feeling was right.

    The heirs of Plato and Pythagoras vs. Dr. Strange and the Merkelator. It was about time that someone picked up the chalice and stands up against the ‘There is no alternative!’ demagogues.

    Thank you for taking this enormous challenge.

    All my best

  • Mr Varoufakis, congratulations on your new role. Hope you are able to guide the greek economy through the turbulence ahead.
    Being an argentinian, I know first hand how a crisis like this impacts everyday life.
    Also, beign an argentinian, I wonder why Greece hasn’t still resorted to an “impasse solution” that was developed in Argentina during the 2000-2002 crisis.
    Pseudocurrencies. The goverment started paying suppliers and public employees with “IOUs” in the form of bills, similar to the scarce pesos (that were pegged to the USD). As Gresham Law foresees, they replaced actual pesos from circulation and helped endure the crisis.
    As every local goverment issued their own IOUs, there were “Patacones” “LECOP” “LECOR”, and many other in circulation. I guess this goes against EU rules, but isn’t that what SYRIZA is all about?
    Just wondering.


  • All the best! Your mission (when you have spare moments from Greek domestic issues): get us a eurozone parliament and treasury. And please don’t presume your colleague Schäuble is not (essentially) on your side in this endeavour.

  • Your moment in history has arrived my friend; good luck, and be brave in the face of that powerful and corrupt elite who will try and turn you, and then if unsuccessful, destroy you…

  • Yani,
    I hope your policies will have an immediate effect on the average Greek because is already comatose and barely breething.
    please rececitate him quickly.
    That is all I have. Good luck . May your efforts bring results for the good of all Greeks, because all are in need.
    thank you

  • I wish you the best.

    Your new government should investigate the corruption of the Samaras administration. Didn’t they buy warships, submarines and tanks from France and Germany whilst hitting the people with austerity at the same time? Maybe the utter sociopathy of the French and German leaders can be exposed if this comes to light. The case does prove that France and Germany were all the time putting their own interests first. Well, and if they can do that, so can you!

    good luck from the Netherlands
    down with neo-liberal politics!

  • Συγχαρητηρια και καλη επιτυχια.

    Στο σφυροκοπημα που θα υποστειται εδω κοντα,μην λυγισετε.
    Ειμαι σιγουρος οτι δεν θα το κανετε.
    Για αυτο και για πρωτη φορα εδω και καιρο,ελπιζω πραγματικα!

  • Γιάννο μου καλή Δύναμη… Στις πλάτες σου δεν έχεις μόνο τα Όνειρα που κάναμε παιδιά αλλά, τώρα πια, και τα Όνειρα όλων των Ελλήνων!!! Είμαστε πάντα Δίπλα σου με Πίστη και Ελπίδα!!!

  • Ελπίδα κι αναμονή για τα καλύτερα που έρχονται…Εύχομαι να πετύχει το σχέδιο σας κι η χώρα να βγει από το τούνελ…

  • I would say congratulations Yanni, but the journey has only just started – 25% unemployment is so wasteful and sad. Wishing you and your team, strength, unity and perception to turn this around.

    As a Greek-Australian, I have followed your views with some interest since the launch of the Global Minotaur several years ago now. I’d like to offer you the following morsel in return, as I have noticed your regular references to the dignity of the Greek people. Your team will need to find ways to inspire the Greek people to an overall vision of what they could be, perhaps this could be of help.

    The following is an online course from Professor Donald Kagan at Yale University on Ancient Athens. It is absolutely inspiring, and the values it promotes are very much in keeping with an internationalist and humanitarian view of the world, while explaining the underpinnings of the Athenians commercial and trading prowess. I suggest you listen to Lecture 1 at least (33 min)

    Prof Kagan has won a humanitarian award from US Congress. It is rare to find such an articulate and passionate Philhellene.

    I have not met Prof Kagan or even been to Yale. But as a Greek-Australian halfway around the world, his work has been absolutely inspiring and informative in providing me with an education on my cultural heritage.

  • All the best Mr Varoufakis. It was about time for a professional to hold the position! Keep it open source as much as you can! 🙂

  • Heartfelt Congratulations to you from Brooklyn! I so much hope that you can find the way to assist “Η Ελλας” in re-becoming the formidable country she always was! T.S.

  • It’s very easy for the well-informed to speculate about various fairly complex options facing the new Greek Govt., but maybe it would be a good idea to first consider how they were put in their present awful situation – via the so-called Troika and its scorched-earth demands. We could also consider the sorts of demands made on supposedly sovereign Govts. of Italy and Spain as revealed in the Trichet letters:

    Maybe the best first move for the Greek Govt. would be to jawbone.

    Syriza and Tsipras need to make the case for a moderation of the EU/IMF conditions. They shouldn’t assume that everybody in Europe (or, indeed, the US) knows what’s happening there, or what options exist to relieve the pressure on the Greek population. To a sophisticated audience that may sound too simple, even childish, but especially if reliance is to be placed on sympathetic movements in Spain and Italy – or even in UK or France – it seems very necessary to me.

    If/when the EU and IMF show themselves unmoved by such Greek proposals based on the simple logic of the urgent need to relieve suffering, then more radical (Grexit, debt rescheduling or default, etc.) moves might be raised as desperate expedients which have been forced upon the Greeks, not as things which they always intended.

    (Cross-posted from Naked Capitalism:

  • That “put up and shut up” sounds like Schauble evil.

    This Portuguese European looks to you with hope and wishes you the best of lucks!

  • Συγχαρητηρια για την αναληψη των νεων καθηκοντων σας κυριε βαρουφακη! Ευχομαι καλη δυναμη και πιστη στις δυνατοτητες σας! Αν και ειναι ιδιαιτερα προωρο , θα ηθελα να σας θυμισω ενα πολυ σημαντικο προβλημα που απασχολει χιλιαδες ελληνες πολιτες….αυτο των χρεων στην εφορια…οι περισσοτεροι θελουν να πληρωσουν αλλα δεν μπορουν αφου οι δοσεις της λεγομενης “παγιας ρυθμισης” ειναι πολυ λιγες για τα βαρη της μεσαιας ταξης….Σας παρακαλω θερμα να ξαναδειτε το θεμα και να δωσετε τη δυνατοτητα σε αυτους που δεν εχουν να πληρωσουν , να αποπληρωσουν τα χρεη τους σε περισσοτερες δοσεις ουτως ωστε να μπορεσουν να επιβιωσουν! Παλια υπηρχε η δυνατοτητα επεκτασης μεχρι τις 48 δοσεις αλλα τωρα ολα πρεπει να αποπληρωνονται μεχρι τις 24, πραγμα αδυνατον για πολλους απο μας….
    Οπως και να χει αντιλαμβανομαι τις τεραστιες προκλησεις που εχετε να αντιμετωπισετε και γιαυτο σας ευχομαι ολοψυχα καλη επιτυχια!

  • Try to make Greece a better place! Τhese elections is a proof that greeks are behind you suppporting your ideas. We are your might DO NOT AFRAID anything and especially DO NOT AFRAID to CHANGE THINGS.
    Even if you fail to meet our expectations i will be one happy greek cause you at least tried to make the difference and you haven’t bowed to the will of those who want to enslave europe with their unreasonable demands in order to protect their money.

    Best wishes from
    An unemployed Architect

  • In our jaded state, it is difficult to hold much hope for the future of our generation (30somethings) in Greece, but hope I do. I hope that we will once again be able to make a living in Greece so we can return home from abroad and raise our children close to our families.
    Για να δούμε.

  • Mr. Varoufaki, I would very much like to wish you the best of luck! Keep inspiring the younger generation! You style and knowledge in economics puts past ministers to shame. For this reason, they will try to crush you in every way they can! Don’t give up, stay true to yourself, try and keep the promises you have all made to the largest extend, and, if some of them don’t work out, come up with plan B or C, and always for the interest of the people. Don’t ever forget the people and not just because they voted for you, but because the people of this country finally deserve something better. They need inspiration and need to win some respect back.
    Once again, well done for your massive victory, you have many friends!!!

    • Dear Mr.Yani Varoufakis, Congratulations from Thailand for your new post as Minister of Finance. By now, I guess the “new drachma” may be already in the printing process – and that’s great.. I interpreted the visit of Alexis at Kaisariani shooting grounds as a signal for an eminent clash with the Germans. I see the BFC (Big Fat Cats) keep destroying the family values and the Greek filotimo by brainwashing the youngsters – all for trinkets and toys; they used to laugh about the Indians selling Manhattan for $24 of beads but it is the same thing selling your freedom for a I-phone, credit card and fast food.. the BFC project is to keep them busy and divert their attention from the real problems – they have largely succeeded (divide and conquer).. I am concern that big money can buy people – look Egypt recently (Greece since Thermopylae – Ephialtes and before). My deep concern: after the Greek bankruptcy will shake the Euro zone (we may see a new DM), a military intervention in Greece in the form of coup d’ etat is a real possibility, then back to the financial slavery.. I hope it will not happen..Keep up the good work with my support.., T.T (R&D, Bangkok, Thailand)

  • Wonderful Yanis! Here from Queensland – the red-necked, rightwing, ‘austerity’ capital of Australia – I am watching your valiant enterprise seeking to do something sensible and humane about the fiscal sorrows of Europe with great interest. May God equip you and Greece with strategic brilliance, and strengthen your arm!

  • Good luck with everything, you should have had more of a say in picking some of the other members of the cabinet.
    No sense in you trying to negotiate with others around you destroying your credibility. Today for example at least two other
    ministers made wide statements that they will rehire everyone that was laid off by the previous attempt to reduce the size of
    government. The minister of education said that university students can go back to the previous scheme that allowed them to
    be ‘eternal students’.

  • Congratulations; well deserved. And good luck Yanis. Remember there’s much more than Greece at stake here.

    by the way – never thought I’d ever follow a fin. minister blog for 5 years. Fin. ministers are supposed to be economic illiterates :p

  • Hi Yanis,
    I wish you all the very best of Irish luck to you. I hope that using Greece as a conduit we Europeans who understand first grade maths can get EU politicians to face up to reality and stop side stepping the issues. You will need all the partners you can muster to get to the other side. A word to the wise, the previous bunch of charlatans running Ireland where good old fashioned “horse traders”. You could never fool them all of the time. This current bunch of ejits , called Fine Gael – you can fool all of the time . And Merkal et al will certainly try. Again all the best.
    Stay true to what you beleive……………..

  • Good luck Yanis goodonya! Amazing to see you on BBC, last time was in Econ 1 lectures at SU.

  • … Congratulations Professor!
    … at last, it’s been long overdue someone challenged the Brussels money-printing cabal.
    … and if the GRexit threat is still being waved, then wave back with a silver-backed Drachma!!

  • Congratulations Yani! As mentioned above, this is only the beginning. Needless to say I wish you all the very best on your quest. I eagerly anticipate your future blog posts and progress as Greece’s new Finance Minister. Χαιρετίσματα από την Αυστραλία.

  • I am going to bed happy tonight the future of Greece is in the safe hands of a man who is worthy of the challenge. Congratulations from Ireland with all my heart.

  • Even though I’m not from Greece, I do support the direction this new government is taking. You are a wind of hope that hopefully will blow across Europe, even though _our_ governments might not agree with you.
    I’m following your from France.

  • Congratulations and please keep it up! I’ve been reading this blog for many years and it has inspired me to study economics myself, hopefully I can have such an impact on the world as you have!

    Best wishes from Australia

  • I’ve followed your articles for years on Naked Capitalism thinking how good they were, particularly in relation to Europe, and then one day lo and behold you’re Finance Minister of Greece. I had no idea. Great!

    • Why not try using the Mefo bonds to boost Greece’s economy? As I understand the way they work, the use of them would not affect the Euro. Perhaps they could be preferentially directed to boosting Greece’s export sector?

      As Niall Ferguson pointed out, Germany’s economy grew at 11% for several years until unemployment shrank to zero.

    • Σε δηλώσεις του στο ραδιόφωνο του BBC μόλις χθες, εις εκ των βασικών του νέου οικονομικού επιτελείου της νέας κυβέρνησης, ο Γ. Βαρουφάκης υιοθέτησε πλήρως μιά από τις πιο αισχρές και ρατσιστικές εκδοχές της προπαγάνδας της Μέρκελ και των υπολοίπων εναντίον των Ελλήνων. Δηλαδή, τα δάνεια του μηχανισμού ύψους σχεδόν 240 δις ευρώ επιβαρύνουν τους Ευρωπαίους πολίτες προκειμένου να διασωθεί ο Έλληνας.

      Στην ερώτηση «πως να πω στους ψηφοφόρους μας ότι πρέπει να πληρώσουμε περισσότερα για τους Έλληνες;» ο Βαρουφάκης απάντησε ότι θέλει να δηλώσει στους Γερμανούς ότι «το πρόβλημα δεν είναι ότι πληρώσατε αρκετά. Το πρόβλημα είναι ότι πληρώσατε πάρα πολλά. Πληρώσατε 240 δισεκατομμύρια στην Ελλάδα εδώ και 5 χρόνια. Αυτό που δεν αντιληφθήκατε είναι το γεγονός ότι λιγότερα από το 10% αυτών των χρημάτων έφτασαν στην Ελλάδα. Τα υπόλοιπα πήγαν στους πιστωτές, σε μια μαύρη τρύπα χρέους που είναι μη βιώσιμο.»

      Ο Βαρουφάκης πρόσθεσε επίσης ότι στόχος της νέας κυβέρνησης είναι να παρουσιάσει στην Φρανκφούρτη, στο Βερολίνο και τις Βρυξέλλες «ένα σχέδιο για να ελαχιστοποιήσουμε το κόστος που καταβάλει ο μέσος Γερμανός γι’ αυτή τη ελληνική πανωλεθρία, που καταβάλει ο μέσος Σλοβάκος, που είναι φτωχότερος από τον μέσο Ελληνα και ο οποίος καλείται να συνεισφέρει σε αυτόν τον φαύλο κύκλο.»

      Πρώτο: Ο Βαρουφάκης λέει σκοπίμως ψέμματα. Τα 240 δις ευρώ δεν επιβάρυναν τον Γερμανό, ή τους άλλους Ευρωπαίους πολίτες. Το διακρατικό χρέος διαμέσου του μηχανισμού προς την Ελλάδα είναι λίγο παραπάνω από 55 δις ευρώ. Αυτά δανείστηκαν απευθείας τα 16 κράτη της ευρωζώνης για να υποστηρίξουν το πρώτο μνημόνιο. Τα δανείστηκαν και μάλιστα με επιτόκια χαμηλότερα απ’ ότι εκείνα με τα οποία δάνεισαν την Ελλάδα.

      Δεύτερο: Τα υπόλοιπα σχεδόν 185 δις ευρώ δόθηκαν από τον EFSF, δηλαδή το προσωρινό ευρωπαικό ταμείο του μηχανισμού ελεγχόμενης χρεοκοπίας, τα οποία δανείστηκε με τη σειρά του από τις αγορές εκδίδοντας δικούς του τίτλους χρέους. Το χρέος αυτό δεν είναι διακρατικό και δεν το επωμίζονται οι Ευρωπαίοι πολίτες κανενός κράτους. Το εγγυόνται απλά οι κυβερνήσεις των κρατών μελών.

      Τρίτο: Το πρώτο μνημόνιο προέβλεπε διακρατικό δανεισμό γιατί με βάση τη Συνθήκη Λειτουργίας της ΕΕ (Λισσαβώνα) δεν επιτρεπόταν η ανάμιξη ούτε της ΕΕ, ούτε της ΕΚΤ στη διαχείρηση των υποχρεώσεων ενός κράτους μέλους. Επειδή όμως τον κύριο όγκο των ελληνικών ομολόγων, πάνω από 175 δις ευρώ, τον είχαν στα χαρτοφυλάκιά τους οι Γερμανικές, Ολλανδικές και Γαλλικές τράπεζες, οι Βρυξέλλες και το Βερολίνο ήθελαν να τις διασώσουν σε βάρος της Ελλάδας. Κι επειδή δεν μπορούσαν επίσημα, γιατί με βάση το κοινοτικό δίκαιο θεωρείται παράνομη κρατική ενίσχυση κι επομένως απαγορεύεται ρητά, τι έκαναν; Φόρτωσαν με την πρώτη δανειακή αποικιακού τύπου σύμβαση, διακρατικά δάνεια την Ελλάδα.

      Τέταρτο: Από που κι ως που πληρώνει για τους Έλληνες, ο Γερμανός και οι άλλοι Ευρωπαίοι πολίτες; Δεν ξέρει ο Βαρουφάκης ότι η Γερμανία έχει δανείσει ως κράτος την Ελλάδα με 15,2 δις ευρώ στα πλαίσια του προγράμματος “διάσωσης”, αλλά έχει κερδίσει τουλάχιστον 75 δις ευρώ μόνο από την διαφορά επιτοκίων του δικού της δανεισμού; Θα είχε μηδενικά σχεδόν επιτόκια δανεισμού η Γερμανία αν η Ελλάδα κι ο Νότος δεν βρισκόταν σ’ αυτή την άθλια θέση;

      Σύμφωνα π.χ. με το Reuters (2/5/2013), αναφέρονται συνήθως δυο μελέτες που δείχνουν ότι το Βερολίνο έχει αποκομίσει σημαντικά κέρδη ως ακούσια συνέπεια της κρίσης. Η μια μελέτη είναι από τη γερμανική ασφαλιστική Allianz, όπου έχει υπολογιστεί ότι το Βερολίνο έσωσε € 10,2 δισεκατομμύρια κατά την περίοδο 2010-2012 λόγω του χαμηλότερου κόστους δανεισμού, καθώς οι αποδόσεις των 10ετών ομολόγων μειώθηκαν από 3,39% σε 1,18% στα τέλη του 2013. Σήμερα είναι ακόμη χαμηλότερα. Αυτό δεν θα μπορούσε να γίνει αν η Ελλάδα πρώτα και ύστερα οι άλλες χώρες δεν είχαν τεθεί υπό καθεστώς “διάσωσης”.

      Η άλλη μελέτη είναι του Jens Boysen-Hogrefe από το οικονομικό ινστιτούτο IFW και δείχνει ότι ο Γερμανικός ομοσπονδιακός προϋπολογισμός διέσωσε € 8,6 δις μόνο το 2011 λόγω των χαμηλών επιτοκίων της ΕΚΤ και των ευνοϊκών επιπτώσεων λόγω του γεγονότος ότι οι επενδυτές εντός ευρωζώνης θεώρησαν ως ασφαλές καταφύγιο τη Γερμανία. Έτσι τεράστιες ροές κεφαλαίου κυρίως από το νότο βρήκαν τον δρόμο για τη Γερμανία. Συνολικά ξεπερνούν τα 326 δις ευρώ από ολόκληρο τον ευρωπαικό νότο τα πρώτα τρία χρόνια των “διασώσεων”.

      Πέμπτο: Το 10% στο οποίο αναφέρεται ο Βαρουφάκης δεν αφορά στον Έλληνα πολίτη, αλλά στην ανακεφαλαιοποίηση των εγχώριων συστημικών τραπεζών προς το συμφέρον ντόπιων και κυρίως ξένων κερδοσκόπων, που συνεχίζουν ακόμη και σήμερα να τζογάρουν με τραπεζικά χαρτιά στο ελληνικό χρηματιστήριο. Ούτε ευρώ από τα δάνεια του μηχανισμού δεν πήγε στην ελληνική οικονομία, σε μισθούς, συντάξεις, υγεία, παιδεία, επενδύσεις. Ούτε μετατράπηκε σε εισόδημα, ή τζίρο για την ελληνική εγχώρια αγορά.

      Τα ξέρει όλα αυτά ο Βαρουφάκης; Πώς τολμά να ισχυρίζεται ότι οι Ευρωπαίοι πολίτες επιβαρύνονται για τον Έλληνα; Σε τι διαφέρουν αυτές οι δηλώσεις από εκείνες του παλιού φίλου του, Γ. Παπανδρέου, που έλεγε τον ελληνικό λαό και την Ελλάδα διεφθαρμένη, επειδή εξαρτώνται από τη χρηματοδότηση των Ευρωπαίων πολιτών; Επειδή ο Βαρουφάκης δεν αναφέρει ευθέως ως διεφθαρμένο τον Έλληνα; Και μόνο το γεγονός ότι υιοθετεί αυτή τη χυδαία και ρατσιστική προπαγάνδα των Μερκελιστών, αποδεικνύει με ποιανού τα συμφέροντα ταυτίζεται.

      Δεν θα ασχοληθούμε με τις μπαρουφολογίες του για το χρέος. Δεν είναι η ώρα. Αυτό που θέλουμε να ρωτήσουμε είναι το εξής: Ποιόν εκπροσωπεί ο Βαρουφάκης απέναντι στους δανειστές; Πάντως όχι τον ελληνικό λαό. Ούτε βέβαια τους Ευρωπαίους πολίτες που χρησιμοποιεί ως άλλοθι για τα ψέμματά του.

      Αν στ’ αλήθεια νοιαζόταν για τον Γερμανό, τον Πορτογάλο, τον Σλοβάκο πολίτη, τότε θα αποκάλυπτε την πλεκτάνη, θα έλεγε την αλήθεια για τα τεράστια κέρδη που η τραπεζοκρατία έχει αποκομίσει σε βάρος του ελληνικού λαού και των υπολοίπων της ευρωζώνης. Θα έλεγε στο Σλοβάκο και τον Πορτογάλο – που τους θεωρεί πιο φτωχούς από τον Έλληνα – ότι το Βερολίνο και οι Βρυξέλλες επέβαλαν σε βάρος τους τη διάσωση των τραπεζών, διαμέσου των προγραμμάτων “διάσωσης” της Ελλάδας. Κάτι που είναι παράνομο ακόμη και με το κοινοτικό δίκαιο. Κι επομένως γιατί να μην ενωθούν οι λαοί αυτοί προκειμένου να απαιτήσουν από τις Βρυξέλλες και το Βερολίνο να επιστραφούν τα χρήματα που δόθηκαν παράνομα για τη διάσωση των τραπεζών;

      Αυτά θα έλεγε και θα έκανε ο Βαρουφάκης αν νοιαζόταν για τους Ευρωπαίους πολίτες και μάλιστα τους πιο φτωχούς. Μόνο που ο Βαρουφάκης νοιάζεται μόνο για το πώς ο Έλληνας θα συνεχίσει να πληρώνει τα κερατιάτικα στους τοκοφλύφους και δεν θα τινάξει την μπάνκα στον αέρα. Να γιατί υιοθετεί την πιο χυδαία και ρατσιστικά προκλητική προπαγάνδα σε βάρος της Ελλάδας.

      Κύριε Βαρουφακη θα ήθελα την απάντηση σας στον κύριο Καζάκη για να καταλάβουμε ποιος έχει δίκιο..

      Καλη σας επιτυχία στα καθήκοντα σας.

  • ΣΥΓΧΑΡΗΤΗΡΙΑ και περιμένουμε οι γνώσεις σου και οι δράση σου να υπηρετήσουν τα συμφέροντα του Ελληνικού Λαού.

  • Dear Yanis,

    I wish you all the success in your new role and to overcome the challenges you will face. Good men are a rarity these days and you are a good man.

    Best wishes,
    Omar Shamma

  • Congratulations Yanis. I wish you the best of luck and success in your new role. You are the best hope for a more prosperous Greece.

    Best wishes,
    Omar Shamma

  • Dear Mr. Varoufakis,

    Congratulations on your appointment. As one of the skeptics who voted against, I must admit I am hopeful that you will prove us wrong, or at least put up a good fight. I understand your schedule will probably force you to cut back on blogging but I will be following nonetheless.

    Best of luck and give em hell!


  • You remind me about the 68ties when I studied economics in Berlin and we were challenging the etablishment.
    Stay the course, I like it, a refreshing and healthy wind from the South.
    The best of Luck to you and Your country!
    Chris from Bergen in Norway

  • I love your blog and am very happy to hear Greece is in capable hands. May you be an example for Spain as well! καλή τύχη

  • Merci Monsieur Varoufakis de tenir tête à la Finance, au capitalisme sauvage et à Madame Merkel. Je suis un franco-allemand et je vois ce qui se passe en Allemagne avec un chômage déguisé et des petits boulots à temps partiel. Peu de crèches, de garde d’enfants, donc les femmes restent à la maison, ou font des ménages, caissières ou vendeuses à temps partiel. Après cela Madame Merkel nous dit qu’il n’y a pas de chomage en Allemagne, mais combien de travailleurs pauvres ??? Alors il faudrait que la France prenne aussi exemple. Encore mes félicitations pour cette victoire du peuple grec que je connais bien, car j’ai un beau-frère Crétois.
    Good luck

  • Συγχαρητήρια για την εκλογή σας και την υπουργοποίηση σας. Καταλαβαίνω ότι πρέπει να είναι μεγάλο βάρος το γεγονός ότι έχουμε εναποθέσει πολλές ελπίδες επάνω σας. Θαύματα δεν γίνονται και αυτό νομίζω το καταλαβαίνουμε όλοι. Περιμένουμε όμως γενναίες φωνές και τίμιες διεκδικήσεις. Περιμένουμε να πάρουμε πίσω την χαμένη μας περηφάνεια.
    Καλή επιτυχία 🙂

  • Hi Yani – 25 years ago when you were a Senior Lecturer at the University of Sydney and I was an engineering student, we crossed paths frequently at the H.K Ward Gym – they were good years 🙂 Congratulations on your honourable appointment as Finance Minister and I sincerely wish you the very best in achieving the objectives of transforming the nation’s modus operandi.

  • Dear Yanis,

    I would like to express my heartfelt congratulations for your new appointment as Finance Minister of Greece… from Sydney. As a former student of yours from Economics at Sydney University, I know your exceptional capabilities and I am very confident that you
    are the most suitable person for this well-deserved appointment. Bravo Yanis, I am very
    proud of your achievement. Keep up the fantastic work as I am sure you will be the
    catalyst for bringing the right and much needed positive change to the economic
    landscape of Greece and that you will
    continue to “rage against the dying of the
    light” no matter what challenges your new role
    will bring your way… With warm regards, Anthi Balafas

  • I have followed some of your work and ideas for a while now, and deeply appreciate its integrity and overall courage. I am Portuguese, and unfortunately, we have at the moment no equivalence to what is happening in Greece. Still, I would argue that what is now happening in Greece, is happening to Europe and the world; and for me, it represents a new hope where I previously saw none. You are definitely a huge part of this renewed hope; and although being conscious that this hope of many is an enormous burden directly in the shoulder of a few, I sincerely hope that the direct result of your actions are successful, and leading by example, can be effective into sparking the change much needed globally. You will certainly be facing some of the strongest contrary powers in existence as you are stepping in all the right feet, and even possibly risking personal danger; as well as conversely experiencing a big sensation of power and excessive praising in a surrounding bubble. Hope that within this context you can still remain the man you are, with the clarity, analytical ability, and courage you have shown to this day; and as just a man within man, still be able to rise to the high expectations. Can Greece be once again the crib of a new civilization?

    Best wishes to you in this task.
    PS: And yes, do keep the blog, It might be difficult, and even politically unwise, but it will also keep you connected to what you are today.

  • I`ve just read about this blog and the new greek finance minister in german news. I wish you all the best for this difficult task and i hope you can resist the pressure from Merkel and Schäuble. Greetings from Germany!

  • we from one of the oldest civilisations like greek . . . Tamils fm India wishing you and your party a big future. வாழ்த்துக்கள் !

  • Συγχαρητήρια Γιάννη! Σου εύχομαι ότι καλύτερο! καλή τύχη και καλή συνεργασία με όλους, να πάμε μπροστά…

  • Congratulations on a magnificent win!
    I write to offer suggestions on how to proceed with the Troika negotiations.
    Firstly, the Greek government should question the legal status and enforceability of the Memorandum in the light of Greece’s past economic contraction and possible low growth rate in the coming years. The debt repayment schedule to the Troika creditors was agreed on the basis of what turned out to be erroneous economic forecasts and therefore justice requires that these repayments be rescheduled on a realistic basis of actual growth and social conditions over the years to come. You may threaten to take the matter to the European Court of Justice if the Troika refuse to accept rescheduling.
    Secondly, the European Central Bank (ECB) has announced a bond-buying program of €60 billion a month, which may include sovereign bonds issued by qualifying EU member states. In principle, the Greek Treasury could issue bonds that the ECB might agree to purchase – these bonds will be held on the account of the Bank of Greece. The money raised from the bond issue would enable the Greek government to repay the loans made by the International Monetary Fund and other bilateral state creditors. Under the announced ECB program about €100 billion of new Greek bonds could be issued and bought by the ECB (that is, up to one-third of the public debt). These bonds can sit on the books of the Bank of Greece indefinitely and either sold on to private investors at a future date or redeemed by the Greek Treasury. It would even be possible for the Greek Treasury to redeem the bonds at a discount of 20 cents to the Euro – a ‘haircut’ – if this makes sense one day in the future.
    This trick will reduce the amount of public debt for which the Greek Treasury is liable by 25 percent and permit the rescheduling of the remainder on a more affordable timescale in line with Greece’s economic and social capacities.
    Thirdly, negotiations concerning the Greek economic reform program should be conducted on the basis of the proven efficacy of any proposed measures to improving competitiveness, and not be driven by neo-liberal ideology. To this end, you might consider inviting the signatories to the letter to the Financial Times of 23 January 2015 (Professors Stiglitz, Pissarides, Goodhart, etc.) to form an advisory panel acceptable to both the Greek government and the Troika to adjudicate on which measures are truly efficacious in improving a country’s competitive position within a currency union (measures considered should include investment in infrastructure by the European Investment Bank and EU structural funds, etc.).
    If I can be of further assistance in any way, please let me know.
    Greg Kaser

  • Please keep posting and don’t lose heart. You’re a sign of hope for Europe.

  • I sincerely hope to not offend ( the opposite is the intention), but even in times tough as these a little bit of humor doesn’t hurt.
    As I was watching a recent interview with you and trying hard to figure what the apparent clear logic in your words and features of your face reminded me of,it suddenly hit me – The utterly logical Mr. Spock . I immediate opened Photoshop in order to verify my suspicions and here is the result –

    With heartfelt respect


  • I think the Greek should be more modest. They lied when entering the Euro, than they did not want to pay back their depts and got a dept cut and now they bitch about Germany to whom they owe a lot of money. Its not Germanys and the EUs fault if Greece is taking money they never planned to pay back. This is simply a theft and the Greeks are thiefs. I do not understand why I should pay with my taxmoney for the Greek greed and corruption. So please be modest, pay the money back you lended as honest persons do.
    And to any “depts” that Germany should have with Greece…. Germany has been the home to many Greeks who bulid a living here… They had to leave their country because Greece was not able due to its inefficency and corruption to support their own people.

  • Minister Varoufakis,

    I’ve read and listened to your positions on the EU economic situation. You understand the need for balance between leftist ideology and capitalism. But do you believe that it would be an easier task to build a new Greece from ashes than to fix a broken one? Without foreign investment there is no Greece economy; but look, the foreign investors are fleeing for fears of future events that you know, even now, will never come to be. What the world economy needs now is a word. You could sway the world economy, just as Alan Greenspan swayed the US economy, with a word. If you would stand and announce that there is no problem which the EU cannot resolve united; that when one EU country falls down the whole EU will help her back up; that there exists a vision for the healing of the entire EU economy; that bandages, once applied, should remain in place until the wound is healed; that fear in the market hurts the world economy not Greece alone… If you could reach out to Angela Merkel and tell her these ideals and ask if she would stand with you… You would abate market fear; you would see others stand with you; you would receive a clear mandate.

    A word. Please.

    • We who believed in Greece last year, are now looking to you to temper economic stability and growth with social politics. Where the last administration tipped the scales too much toward economic stability and harmed the people of Greece, fear of a tip opposite is harming we who support a Greek economy. But I believe in your influence and your goals which, if broadcast in a significant way, would ease fears.

  • Wow, can’t believe I missed this until now; this is great news, I’ve been following your writing (and of Naked Capitalism plus acquainted writers like Steve Keen) for years, as well as promoting your/Galbraith’s Modest Proposal when discussing the crisis, and it is very promising to finally see someone who understands the problems in economics, with actual solutions, in power somewhere in Europe (and Stephanie Kelton in the US too!).

    Congratulations (from Ireland), and best of luck!

  • Αξιότιμε Κ. Βαρουφάκη , συγχαρητήρια για την εκλογή σας και σας εύχομαι καλή θητεία

    Διαβάζοντας για τις παροχές που προτίθεστε να δώσετε στους πολίτες όπως πχ στους συνταξιούχους τον 13ο μισθό για εκείνους που λαμβάνουν σύνταξη κάτω των 700 € κλπ , θα πρέπει τα κριτήρια για τις παροχές που θα δώσετε να είναι πιο αυστηρά.
    Πολλοί πολίτες λαμβάνουν παροχές που δεν θα έπρεπε να δικαιούνται . Σαν παράδειγμα σας θέτω το εξής : Το επίδομα για το πετρέλαιο θέρμανσης το δικαιούνται πολίτες με χαμηλό εισόδημα και μικρή ακίνητη περιουσία , όμως δεν λαμβάνετε υπόψη το κριτήριο των καταθέσεων, με αποτέλεσμα να είναι δικαιούχοι πολίτες με υψηλές καταθέσεις και μοναδικό εισόδημα τους τόκους.
    Τέτοιες μικρές λεπτομέρειες θα πρέπει να ερευνηθούν (κατά την γνώμη μου) πριν ξεκινήσετε να δίνετε.

    Σας ευχαριστώ
    Με εκτίμηση

  • How do those of us outside Greece help, especially once funds to run the country are withheld? I am wishing your country every success in changing the course on these diabolical neo liberal policies…

  • Συγχαρητήρια για την σημερινή σας ομιλία με την ευκαιρία της παραλαβής του Υπουργείου Οικινομικών! Εύχομαι τα καλύτερα για την επιτυχία του δύσκολου έργου.


  • Best news I’ve heard in a while. It’s way past time to show the neoliberal world another way. Congratulations to you and to the Greek electorate from the USA.

  • Yianis, What do you think of the following as part of the solution: If the Troika wanted to help Greece and the entire EU it would invest billions in helping Greece to develop large scale renewable energy projects, including solar, wind and tide, and connect the Greek electrical grid to the rest of Europe. Greece has an abundance of these resources. Renewable energy is also highly labor intensive, compared to fossil fuels, and requires skilled jobs (which can be trained for rekativrly quickly) which typically pay quite well and fundamentally cannot be exported. This would help Greece to establish a significant and growth-oriented domestic industry capable of producing exportable outputs (electricity) and help achieve more energy-independence for the EU (to counterbalance the EU’s reliance on Russian natural gass, for instance).

    Mike Mantinaos

  • Since you hooked my attention,I never stopped listening to you,reading whatever signed by you!
    I started forming in my mind some kind of a Globalized Economy God or at least Economy Prophet.I knew ,by instinct,that something special or extraordinary happened in that mind of yours
    Let me still believe this as time goes by ,you steering the wheel of GreeK Economy ,subsequently Europe’s Economy.
    Prove yourself as a man of action at a large scale!
    Push Lestrigones and Cyclopes aside!!
    GO Ahead!!

    Best Luck!!
    God Bless You!!

  • Thank you Mr. Yanis for keeping contact with the people. Don’t forget that the vast majority of Irish people have been suffering under a government that doesn’t listen and continues to pretend that we have “turned the corner” without adding that we are entering a cul-de-sac. The Dispossessed of Ireland are protesting and agitating for change so that Ireland can stand shoulder to shoulder with Greece, and with any other country that opposes the destruction and commodification of our democracy.

    Your city of Athens is the iconic birthplace of democracy. I am very proud of the historical fact that my Irish ancestors stood with Athens and Rome in bringing literacy to Europe as it slipped into the Dark Ages; was part of that cultural triad that saved European learning and culture and with Islamic scholars restored to Europe the values and principles that led to the emergence of Enlightenment and progress that created the fragile possibility of l’Europe des Nations et des Cultures. By working together we shall be able to “retirer pour mieux sauter”! Allons y au travail ensemble!

  • Congratulations! I wish you success in this endeavor. Greece, such a beautiful country, deserves peace, progress and justice. Best regards from Brazil.

  • Go n-éirí an t-ádh leat a Yanis! Best wishes to you and the great Greek nation.

    The Irish people supports you with all our hearts.

  • Κε. Βαρουφάκη, πριν εκλεγείς, πραγματικά δεν σε γνώριζα. Λόγω της εκλογής σου άρχισα να παρακολουθώ βίντεο σου στο διαδίκτυο και διαπίστωσα ότι είσαι ένας άνθρωπος ο οποίος ξέρει να χρησιμοποιεί τον εγκέφαλό του, αγαπάει το αντικείμενό του, και πάνω απ΄ όλα το οποίο θεωρώ σημαντικό -και θέλω να το τονίσω όχι για να σου κάνω φιλοφρόνηση, αλλά να το ακούσουν και οι άλλοι, ότι έχεις συνείδηση του τι έχεις πει -πράγμα το οποίο δείχνει ότι είσαι και ειλικρινής σε αυτά που λες, και έχεις συνείδηση των λόγων σου και των απόψεών σου. Πραγματικά η Ελλάδα και η Ανθρωπότητα χρειάζεται ανθρώπους σαν και εσένα, και δεν έχεις παρά να επιβεβαιώσεις τις γνώσεις σου, την τεχνογνωσία σου και τις ικανότητές σου στην πράξη σε συνδυασμό με την εξαιρετική σου προσωπικότητα και πολιτική κατεύθυνση. Συγχαρητήρια λοιπόν για την εκλογή και την ανάληψη των καθηκόντων και επίσης κράτα το μαλλί έτσι γιατί δεν έχουν από που αλλού να σε πιάσουν!

    • Συμφωνώ μαζι σου..μακάρι να αρχίσουν να αλλάζουν τα πράγματα στην Ελλάδα μας!!Και αν έρθει η ώρα να επιλέξουμε τον δύσκολο αλλά δικό μας δρόμο, να μην δειλιάσουμε..να γίνομε μια γροθιά μωρέ!!!Το τελευταίο σχόλιο πολύ καλο!!!χαχα..και μου αρέσει πολύ που δεν φοράνε γραβάτα οι περισσότεροι..ασήμαντο αλλά οι λεπτομέρεις δεν κάνουν την διαφορά??Μας έφαγαν τα κυριλίκια…

  • Mr Varoufakis, Minister of economics for Greece, Congratulations !
    All my thoughts and prays for you to be heard and win negotiations for Greece’s best . Try to overcome obstacles and adapt to your new role as a politician too and do the necessary manouvers ,without neglecting your standards of course . Sometimes, we might have to exceed ourselves to run matters well. Here is your chance ! You have the privelege to have both “a Greek soul and intelligent and educated worllwide mind” . Use them both for God’s sake !. Lina Trochalitou

  • Congratulations, Yanis!

    Best wishes (though it won’t be easy).

  • Finance Minister Varoufakis, as you know there’s no margin for error and every detail is scrutinized. In spite of the no-tie rebellious trademark of prime minister Tsipras, he’s simply the boss and you are the true protagonist in this chapter of the Hellenic saga. Please consider demonstrating that you’re extremely serious by presenting with a tie or at the very least a proper business suit- collar down! In your role this simple adjustment will act more in your favour than the rebellious appearance prime minister Tsipras has already accomplished. There’s all the incentive for your opponents to try and portray your message and you in particular as a joke.

  • Congratulations from Canada. I think I’m beginning to hope that you can get Europe out of this stupidity-induced mess. I don’t envy your position, though.

    Αγαπητέ Γιάνη,
    Νιώθω λίγο αγενής με τη προσφώνηση που αποπνέει οικειότητα, όμως νομίζω ότι κάπου τη δικαιούμαι! Όχι μόνο γιατί παρακολουθώ ανελλιπώς τις απόψεις σου (από την περίοδο του «protagon», πριν το πάρει το …Ποτάμι, μέχρι πρόσφατα στο «Terra Nullius»), αλλά γιατί και εσύ είχες απευθυνθεί με παρόμοια προσφώνηση και υποδείξεις στον συνάδελφο σου (κ.Στουρνάρα) όταν ανέλαβε το υπουργείο Οικονομικών.
    Εγώ φυσικά δεν θα σου κάνω ανάλογες υποδείξεις (δεν είμαι τόσο ανόητη), όμως –τώρα που θα περάσεις «μεγάλες πόρτες», όπως λέει η γιαγιά μου-, σε παρακαλώ να μην ξεχάσεις την απολυμένη καθαρίστρια , που όπως έγραφες συνέχιζε με αξιοπρέπεια να δουλεύει στο πανεπιστήμιο χωρίς να πληρώνεται… Θυμήσου πως ένιωθες όταν περίμενες έξω από τον τηλεφωνικό θάλαμο για να επικοινωνήσεις με αγαπημένο σου πρόσωπο στην Αυστραλία, για να μην ξεχάσεις τους 200.000 νέους επιστήμονες-μετανάστες… Μην ξεχάσεις τον άνεργο Ισπανό πατέρα… Ούτε το μύθο με τα τεμπέλικα τζιτζίκια του Νότου και τα εργατικά μυρμήγκια του Βορρά…
    Και όταν βρεθείς απέναντι από τους εταίρους-δανειστές μας και σου πουν «forget it Yanis» -γιατί σίγουρα θα το πουν και σε σένα-, εσύ να θυμηθείς…
    Να θυμηθείς αυτά που έλεγες!!!
    Ελένη Λάμπρου

  • Gongratulations on your election and your new duties as Finance Minister of our country!
    If this is not a “Hot Seat” then I do not know what is!
    I would be grateful if you kept on blogging and fill us in on what the future holds for Greece…

  • Congratulations Yiani!! You are already doing an amazing job as indicated by the response to your positions from many serious journalists, economists, and politicians worldwide. Καλό κουράγιο! I only wish that Mr Lafazanis would hold off on his announcements until you’ve had some time to put your positions forward in person to those that matter in Europe.

  • Dear Mr. Varoufakis, the point is, are you going to support the Eurobank and Alpha bank ? Ore are you choosing for the Greek people and let the banks go bankrupt like thousands of small Greek business ?
    If you are keeping to support banks that failed doing good business, are you then also support the many Greek family business that are on the edge of going bankrupt/did go bankrupt already ?

    That will make the position of SYRIZA- directly clear for us.

  • (for fun)
    Special Greece Themed Hats Now on 70 % Sale*
    *this hat may or may not disappear from your account in the future

  • An interesting thought from a blog

    Syriza won elections in Greece last Sunday Jan 25 2015.

    Alexis Tsipras is now Prime Minister. Many political leaders called him congratulating on his victory. Also Its Majesty “Das Kapital” called him:

    —Hey Alexis! I start laughing my fucking ass off… Ah, ah, ah, ah, ah…..

    Its Majesty, composedly tendered!!

  • Gottfired Feder wrote a book about “Breaking the Chains of Interest Slavery”.

    Unfortunately it looks like no one here has heard of it never mind read it

  • Dear Varoufakis,

    You might want to have in mind, or answer the questions-comments below stated by Mr. Dimitri Kazaki, regarding the post-2010 Greek Debt origins vs your recent statements (Jan 28) to BBC.

    ALso, I wish you all the Good Luck in your new efforts to lift the Greek economy

  • Bravo! Syriza is refounding Grece as the cradle of democratie for the coming ages! Hope you’ll get time enough in each day for all that work and sleeping a little bit too (& eat good, you’re a champion on the ring with bad opponents and worse referees!).
    Hold on, we are quite a lot to try following Syriza’s way in France…. i don’t want to charge you with responsability or “all our hope”, ou get enough regarding yours. We are not the same country nor history, i hope we will find our own way in fraternity with yours, unto the point where boundary’s deletion will mean something else than free pumping of all country”s ressources even the flesh of starwing childs for some paper values defended by the weapons it’s converted in.

    Already based on statements made by the new cabinet members, the SYRIZA-led government has pivoted away from many policies implemented by the previous governments.

    Many of these were implemented as Memorandum obligations meaning that in effect the SYRIZA government has already turned its back on the terms of Greece’s bailout agreement (as indeed it said it would).

    Here are some of the key changes:


    SYRIZA has long opposed the privatization programme demanded by the country’s lenders in order to open up Greece’s economy and generate revenue to service the debt.

    In his new role as Minister of Productive Restructuring, Environment and Energy, Panagiotis Lafazanis (of the more hardline ‘Left Platform’ within SYRIZA) told Mega channel that one of the priorities of his ‘super ministry’ would be to freeze all efforts to privatize the Public Power Corporation (DEH).

    “The PPC will return to the state as a state-run company which will operate for the benefit of growth and with strictly productive, and of course environmental, criteria. It will be a new PPC which will provide important assistance for the country to move forward with productive restructuring,” Mr Lafazanis said.

    Christos Spirtzis, the Deputy Minister for infrastructure also effectively announced that the government would move to halt the privatization of 14 regional airports, saying with regards to that effort, “The central position of the government is to stop the privatizations of infrastructure which serve and can help the development of the country.”

    Similarly the new Deputy Minister of Shipping, Thodoros Dritsas stressed that the port of Piraeus would remain in public hands. Arriving to the swearing in ceremony yesterday, Dritsas told reporters, “The first thing we are in a position to announce is that the public character of Piraeus will be preserved and the privatization of OLP stops here,” indicating that the process to sell off 67.7% of the shares in the organisation that manages the port would be frozen.

    Minimum wage & Pensions

    Sticking to a pre-election pledge, Panos Scourletis, the Minister of Labour and Social Solidarity said that among the first legislative measures to be passed by the government would be the restoration of the minimum wage to 751 euros / month. Collective bargaining rights would also be strengthened and the prohibition of mass layoffs strengthened.

    Skoureltis reportedly told ANT1 channel that, “Among the first draft laws are those which relate to collective contracts, forced mobilizations and of course all those that relate to protections in relation to the mass layoffs and with the return of the minimum wage to 751 euros.” He told the channel that the draft legislation was ready to be tabled in parliament.

    Dimitris Stratoulis, the Deputy Minister of Social Security, speaking to the same channel also said that SYRIZA would honour its commitment to reinstating 13th pension payments and supplementary pensions to pensioners receiving less than 700 euros per month.

    Public Sector Workers

    The new Deputy Minister of Administrative Reform, Giorgos Katrougalos announced the re-hiring of state sector workers, such as cleaners, school guards, teachers and all those whose dismissal was based on “unconstitutional frameworks such as that of the mobility scheme.”

    “It is our commitment and one of the first measures we will take. All of the dismissals will be recalled which have been done and which are unconstitutional, given that they are based on an unconstitutional framework such as that of the mobility scheme, with no evaluation prior to the dismissal. I remind you that we are talking about people such as the cleaners and school guards, the weakest of people who were the focus of the supposed reform efforts of the previous government. That is a first injustice which will be corrected.”


    The Ministry of Education will reinstate administrative workers placed in the mobility scheme, roll back legislation expelling ‘eternal’ students and rehire school guards.

    Cheaper drugs

    Health Minister Panagiotis Kouroublis said his priority would be to reduce the cost of drugs for patients and address the problem of the uninsured.

    “The first issue is to address the issue of the uninsured and the policies which were followed in specific areas such as drugs from which we believe that with our intervention there will be multiple benefits which can be reinvested in the system.” Kouroublis added that he would ask hospital administrations to provide accounting details so that he may get a better understanding of the situation.


    While during the pre-eleciton campaign Alexis Tsipras stated that he wished to disarm riot police at protests, Yiannis Panousis, the Deputy Minister of Protection of Citizens, said that he was not in favor of such a move.

    However he stressed that a relationship of trust had to be rebuilt between the police and the public, drawing a distinction between combating terrorism and policing a rally. “The police will have weapons at protests, but that doesn’t mean that they will intimidate and terrorize,” adding that the police needed to support, not undermine democracy.

  • Hello Yanis, I want to congrat you to continue your blog ! I think it’s a really good way to do politic. Courage ! (Sorry for my bad English).

  • I wish you all the best and hope that this is the beginning of the end for rapacious commercialism masqueradig as society. Even if you fail or don’t succeed fully, at least you are attempting to do something.
    Just please do not become just another co-opted sell-out. Please.
    Congratulations and hold your courage.

  • Yanis, congratulations! Now, I want to help, I want Syriza know she is not alone. Greece needs money – is this possible to create international “Friends of Syriza Monetary Fund” and people from around the world can contribute?

  • Yanis Iam glad to see the door to new possibilities has been forced open – as you have said – The Greeks will have to think about where they want their social economy to progress & address the internal mismanagement & corruption in all layers of society – this will be a multi-year project and there are guarantees of a successful outcome – because like in my former country of UKRAINE – mismanagement, theft & corruption is a way of life!!

  • Bravo!
    …. There was no looking back and as Hardouvelis nervously looked on – at times relieved, at times alarmed – it was quite clear that there was no stepping back either. Greece sincerely had no intention of clashing with its partners, Varoufakis insisted, but the logic of austerity was such that policies conducted in its embrace could only fail.

    “We will rehire the cleaners who were fired from this building,” he said, all guns blazing, as he promised to reinstate the women who have become the face of austerity’s injustice. “And then we will seek a pan-European new deal to reboot [our] economies.”

  • Dear Yanis,

    I would like to express my heartfelt congratulations for your new appointment as Finance Minister of Greece. As a former student of yours from Economics at the University of Sydney, I know your exceptional capabilities and I am very confident that you are the most suitable person for this well-deserved appointment. Bravo Yanis, I am very proud of your achievement. Keep up the fantastic work and I am sure that you will be the catalyst for bringing the right and much needed positive change to the economic landscape of Greece and that you will continue, as you say, to “rage against the dying of the light” no matter what challenges your new role may bring across your way.

    Congratulations again, Yanis, with all my heart.

    Best wishes on your new and challenging role.

    With warm regards,
    Anthi Balafas

    Ps. Even though I have not signed up to your blog, nor made any public comments on it, I have read your beautifully written articles with great interest on your blog over the years and I truly hope that your innovative thinking will inspire a “wind of change” for the future of Greece.

  • John

    Have you ever read Gottfried Feder Manifesto for the Breaking of the Financial Slavery to Interest?

  • Congratulations sir! I sure hope you can help turn the ship around, Lord knows the country needs help.
    I’d like to know if you have considered demanding a complete audit of Greece’s ‘debt’? Methinks there is something very hinky about all this debt going around…and the paper trails can no longer be tracked because of all the complexities being built into the system. It isn’t just Greece, this is a disease affecting the entire world.
    I have a strong feeling that much of the ‘debt’ is bogus, and the “bogusity” is well-hidden within the overly complex system that has been constructed. But it IS there, just waiting for discovery…BE that guy that helps uncover it!
    I mean seriously, if someone handed you an outrageous bill for whatever, and said “You owe me this, pay up.”, wouldn’t you demand a proper and thorough accounting? You’d want to know just what every nickel was FOR, who got it and why…well, countries are no different. The Greek taxpayers who are being told they must pay are at the very least entitled to know just WHAT they are paying for.
    I’m betting that such a proposal would be met with great resistance, because I’m also betting that a great deal of that so-called debt cannot be validated. Or has made its way into numerous personal bank accounts. These folks have made the system so complex for a reason, it is to hide what they’ve been doing.
    Enough of the closed-door negotiations and deal-making! Get this issue out into the light, and expose the whole global debt-fraud. Greece could lead the way by demanding an accounting. (And a statement to the effect that Greece WILL pay all LEGITIMATE debt would help ease some of the Calvinists who apparently live in fear of “moral hazard”.)
    You could really start something big here…my God, can you imagine the fallout if you could prove a big chunk of Greece’s debt was FRAUDULENT? That your people were in fact ripped-off, and you could provide proof and names?
    Wow, now THAT would be a game-changer.

  • Θερμά συγχαρητήρια Γιάνη. Ο πήχυς μπήκε ψηλά αλλά μετά απ’ όσα είδαμε τα τελευταία πέντε χρόνια χρειάζονται άλλοι χειρισμοί. Συνέχισε να κάνεις τη διαφορά. Καλή επιτυχία!!!

  • Greetings from England Yanis! I can barely express the hope your victory has inspired in me even as we struggle under the conservative-led coalition, arguably the most reactionary government in living memory.

    Love and solidarity from the North. And good luck in the monumental task of taking on the financial establishment. I hope you can stay a step ahead of the dirty tricks they will undoubtedly try.

  • Yanis, please keep your blog up. I have been coming back and reading your thoughts for years. I don’t know what else to say, I have never spoken directly to a Finance Minister. You are an intellectual heavy weight, your blogs, your interviews never failed to make me think. I wish your newly found counterparts share the same spirit behind their cloudy politics. Good luck to you, I hope I, we all, can follow you here for many years to come.

  • Well Congrats from a Greek citizen too. The new government team seems to have studied a different but realistic approach to the problems of this country,I wish it will work out well.

    Keep on doing good job… And blogging. People appreciate direct communication.

  • Τα συγχαρητήρια μου και από μένα για τα νέα σας καθήκοντα και ειλικρινά εύχομαι επιτέλους η Ελλάδα να μπορέσει να γίνει μια χώρα που παράγει καινοτομία και ευημερία για τον λαό της.
    Θα ήθελα να σας ζητήσω να μην αγνοήσετε τις νέες ψηφιακές αποκεντρωμένες τεχνολογίες στον χώρο της οικονομίας που όπως όλα δείχνουν έχουν την δυναμική να αλλάξουν ριζικά το τραπεζικό και οικονομικό σύστημα έτσι όπως το γνωρίσαμε μέχρι σήμερα.
    Καιρός είναι η Ελλάδα να γίνει πρωτοπόρος στην τεχνολογική καινοτομία και όχι ουραγός και να τρέχει πάντα να ακολουθήσει τις εξελίξεις.

  • I was not a voter of Syriza, but I was always a listener and reader of your comments on any matter. I have to say I felt more confident that you are in this position from now on. I’m also friendly related to the thought of having you… to continue socializing through your blog and any other way technology offers. We need that type of info and communication. We should ignore any methods of the past, because I think they never helped us till now. Rusty minds should not conquer. Your type of language is understandable to many of us, and you have a way to pass through, your experience to common people. Good luck… with a hope to see things the way they are and not the way they want us to see it! Keep blogging Minister, transparency is never doubted by open minds!

  • Dear Prof. Varoufakis,
    The best wishes to you new position.
    I am a Greek that lives and works in Germany. I have the luck to occupy a research position in one of the most prestigious research institutes of Germany. I am from the lucky ones but always have in the back of my mind the big “Why”. Why i needed to leave my country in order to do meaningful research and an other country to get the profits of my research and innovation.

    Since the elections, for the first time, me and a small group of Greeks researchers we have hope. A hope that there is a light in the end of the tunnel.

    GOOD LUCK !!!!!!!!!!!!!!!!!!!!!!

  • Congratulations also from the EU and euro sideline of Switzerland!

    And as to your resolve to continue blogging, I think open communication should be considered a positive contribution to a living democracy. If you’re looking for a role model, our very own Swiss ‘Le Pen’, Christoph Blocher, has his own TV and internet channel via which he spreads his unconditional love onca a week :-).

    Another thought, though I’m sure you’ve other things to do and tons of advice to work with, was one on fighting corruption.

    Your neoliberally inclined counterparts may be interested to hear that endemic corruption has succefully purged from civil service before – without mass layoffs. The once notoriously corrupt Hong Kong civil service was transformed into what was later oversold as Milton Friedman’s wet dream of a neoliberal techocracy with a highly efficient civil service, with the help of an indipendent commission called the ICAC. Wikipedia writes:

    The Independent Commission Against Corruption (ICAC) of Hong Kong was established by Governor Murray MacLehose on 15 February 1974, when Hong Kong was under British rule. Its main aim was to clean up endemic corruption in the many departments of the Hong Kong Government through law enforcement, prevention and community education.

    I’m not sure whether it can be transposed to Greece in 2015, but it might be worth looking into.

    Regards and the best of luck! Oliver

  • κύριε βαρουφάκη θα τονίσω με περίσσια αφέλεια το αυτονόητο: βάλτε σε υψηλή προτεραιότητα την προσωπική σας ασφάλεια. Έχετε κεντρίσει πολλά βλέμματα και μερικά από αυτά δεν θα θέλουν το καλό σας. Επαναλαμβάνω πως γνωρίζω την αφέλεια της δήλωσης μου. Τα αυτονόητα καμιά φορά απαιτείται να μην παραλείπονται.

  • dear yanis, I’ve been following your blog and views for years now. Thank god you will stay with us now that things get hot and steamy! You’re our voice, thank you for taking a stance in our defence. Stay strong!

  • Posting your opinion will not be as appreciated as practicing it at the moment. In fact if your opinion and therefore actions are healthy, you might save a few lives literaly. I just hope you will prove to be more than strength and pride. The one who seels the change should first change him self respectively. It has been a while since we have had a pleasant surprise and we need one desperately. Be so kind and be one. Gongratulations!

  • Κε Βαρουφακη μπραβο σας! Μας εχετε γεμισει ελπιδα οτι θα αλλαξει η ζωη μας προς το καλυτερο!
    Ξερω πως ειναι εξαιρετικα δυσκολο αυτο που πατε να κανετε. Μη σταματησετε, παλεψτε το μεχρι τελους, οσο αντεχετε. Ο. Ελληνας υποφερει δεν αντεχει αλλη λιτοτητα. Η φτωχεια αυξανεται και το μελλον των παιδιων μας ειναι αβεβαιο χωρις τη βοηθεια σας. Οσο για το δικο μας παρον ειναι ηδη υποβαθμισμενο… Εχουμε δουλειες και ειναι σαν να μη τις εχουμε….Δε μπορουμε να ζησουμε, να αναπνευσουμε, να χαρουμε τις μικρες ομορφες στιγμες… η μιζερια ειναι διπλα μας και μας χαμογελα ειρωνικα… γι’αυτο σας λεω, μη σταματησετε να μαχεστε οπως και εμεις καθημερινα μαχομαστε μαζι σας.
    Μου αρεσει που ειστε τοσο θετικα ενεργειακος και χαμογελαστος ανθρωπος! Μπραβο σας Υπουργε!
    Μεσα απο την καρδια μου ευχομαι Πολυ Καλη Επιτυχια στο Εργο σας!

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