What’s Next in the Greek Farce and Why

Euro area politicians and IMF bureaucrats really hate Yanis Varoufakis’ guts with a passion. The media are full with denunciations of the man as “unprofessional”, negotiators of the euro-group let it be known (anonymously, natch) that “it got to the point where eyes roll”, that they were “sick and tired of being lectured about austerity and the effects of the crisis”, in short, it was “impossible to do business with him”.

Why do they hate him so much? Allegedly ,“any sympathy for Greece was eroded by his failure to draft concrete proposals.” Typical Mediterranean lazy bum is the message, in other words. Big on vacuous emoting, but doesn’t want to waste time on doing his homework (plus, he wears no tie…you have to be clad in the technocratic uniform if you want to be taken seriously).


The eurocrats really hate this one. They’re probably all trying to channel Tony G when they meet Varoufakis.

Photo credit: Alkis Konstantinidis / Reuters


Forgive us if our BS meter starts twitching when they are quoting unnamed officials with such pronouncements all over the mainstream press and are hammering the message home with unwavering regularity on Europe’s state-controlled TV stations. The reality is probably this: they hate him because he isn’t one of them.

Varoufakis is no politician, and apparently has no intentions of becoming one. His economic views may be a bit blue-eyed given his alliance with a bunch of lefties, but where and when has he said anything about the Greek situation that was not substantially correct?

As far as we recall, his main points always were: 1. the debtberg is unpayable (check…everybody knows this), 2. European/IMF style “austerity” has worsened an already catastrophic situation in Greece after the bust (check, but see our qualifications below). 3. There has been and continues to be a

Originally appeared at: http://davidstockmanscontracorner.com/whats-next-in-the-greek-farce-and-why/