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Alexis Tsipras stormed to victory with Syriza on 25 January. Mr Varoufakis had said he would "never, never, never" leave academia for politics. So what made him change his mind? They also described him as a workaholic and ideologue, convinced of the failure of austerity politics. He is said to sleep very few hours at night.

Experts warned not to expect an about-face under pressure from lenders. They said he would sooner leave politics than betray his beliefs. Some critics said he had the luxury of being defiant, having joint Australian-Greek citizenship and the chance to return to academia whenever he likes. Whether or not he will choose to go back down that path remains to be seen.

However, one thing is certain - Mr Varoufakis remains proud of his work in Europe.

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  • On Monday he wrote: "I shall wear the creditors' loathing with pride. Varoufakis report on Greece for Channel 4 News. Image source, EPA. By Giorgos Christides. Image source, AFP. Greek bailout is like "fiscal waterboarding" The euro is like Hotel California in the Eagles song - a place where "you can check out any time you like but you can never leave" Varoufakis is "the George Clooney of the government", said Nikitas Kaklamanis, a centre-right New Democracy politician "So let us default!

    Always defiant. The Globalising Wall. Cut: 7 Dividing Lines.

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    It's Time to Open the Black Boxes! Additional Crew. Credits Edit. Self 54 Thanks 1 Archive Footage 7. Expand below. Previous 3. Adults in the Room 6. The Globalising Wall Short. In a 16 July teleconference with private investors that was later made public, Varoufakis described a five-month clandestine project he ran as finance minister involving hacking into Greece's independent tax service's computers.

    The project's goal was to develop a parallel payment system that could be implemented as a contingency plan if the Greek system failed, and was dubbed "Plan B". In it, individuals' private identification numbers were accessed and copied to a computer controlled by a "childhood friend" of Varoufakis. On Friday 14 August, the government without Varoufakis pushed successfully through parliament the third Greek bailout agreement.

    The bailout bill received votes to 64 as the opposition voted in favour. Up to 40 Syriza members including Varoufakis voted against the bailout. On 20 August, the prime minister himself resigned and called a snap election due to the loss of support from rebelling Syriza MPs. At the same time, Syriza announced that any MP who voted against the bailout package would not be standing for the party.

    Varoufakis did not go on to represent Popular Unity , unlike many of his ex-Syriza colleagues, as he considered the party too isolationist. Varoufakis chose not to stand in the election, saying he would focus on creating a European network that would 'restor[e] democracy' in Europe. Combining with the Independent Greeks Party , a majority was achieved and Tsipras was returned to power.

    The Adam Smith Institute , a leading free-market think tank in the United Kingdom , "enthusiastically" supported Varoufakis's debt-swap plan and asked the then British Chancellor of the Exchequer George Osborne to support it. Varoufakis had proposed debt swap measures, including bonds pegged to economic growth, which would replace the existing bonds of the European bailout programme.

    Bloomberg said that Varoufakis was a "brilliant economist", but he had difficult interactions with other politicians and the media.

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    In September , Varoufakis appeared on the British topical debate show, Question Time , and was praised for his performance by Mark Lawson in The Guardian , who wrote: "several of the sentences he spoke in a second language were more impressive than most that his fellow panellists managed in their native tongue. Varoufakis attended an event in London hosted by The Guardian on 23 October , where he spoke about the UK's upcoming European Union membership referendum.

    He said that the UK should remain in the EU, but also campaign to democratise it: "My message is simple yet rich: those of us who disdain the democratic deficit in Brussels, those of us who detest the authoritarianism of a technocracy which is incompetent and contemptuous of democracy, those of us who are most critical of Europe have a moral duty to stay in Europe, fight for it, and democratise it.

    In March , Varoufakis publicly supported the idea of a basic income. In March , Varoufakis announced the launch of his own political party, MeRA25 , with a stated aim of freeing Greece from "debt bondage". He stated that he hoped the party would be based on an alliance of "people of the left and liberalism, greens and feminists". On 20 August , in an on-stage book festival interview in Edinburgh, Varoufakis pressed Jeremy Corbyn , head of the British Labour Party , to "be a bit more ambitious" and become involved in the international progressive movement, saying "We need a progressive international".

    Senator Bernie Sanders. The organization officially launched on 30 November in Sanders' home town of Burlington , Vermont. On 25 November , Varoufakis was selected to head the list of "Demokratie in Europa" [ 59 ] an initiative of Varoufakis' DiEM25 with the support of the German mini-party Democracy in Motion , for the European elections [ 60 ] but was not elected, as the list failed to elect a single MEP.

    In November , along with other public figures, Varoufakis signed a letter supporting Labour Party leader Jeremy Corbyn describing Corbyn as "a beacon of hope in the struggle against emergent far-right nationalism, xenophobia and racism in much of the democratic world" and endorsed him in the UK general election. The letter stated that "Labour's election manifesto under Jeremy Corbyn's leadership offers a transformative plan that prioritises the needs of people and the planet over private profit and the vested interests of a few.

    Varoufakis wrote an article for Project Syndicate in late , commenting on and critiquing Facebook's newly introduced Meta project. In an October interview, Varoufakis stated that the U. For the war to end, he proposed that the opposing sides should come to an agreement, that will include the withdrawal of the Russian troops to their pre-February 24 bases, a commitment from the U.

    On 10 March , Varoufakis was dining with DiEM25 associates in central Athens when a group of individuals entered the restaurant, approached him, and accused him of siding with the troika, selling out on austerity bailouts. At both the May and June Greek elections , his party MeRA25 failed to pass the threshold necessary to enter the Greek parliament and Varoufakis was therefore not re-elected as an MP.

    At the European Parliament election , he was again a candidate in Greece but he was not elected. In April , due to the ongoing war in Gaza , the party of Yanis Varoufakis co-organised a pro-Palestinian conference that was scheduled to take place in Berlin on 12 April , and last for three days. The conference was interrupted and halted as soon as it began by the Berlin Police , on the orders of Berlin mayor Kai Wegner.

    The police said they "feared that attendees would make anti-Semitic remarks and glorify violence". Varoufakis responded to what he described as a road "towards totalitarianism", [ 80 ] by suing the German State. Varoufakis is the author of several books on the European debt crisis, the financial imbalance in the world and game theory. In , Version 4.

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    Galbraith as a third co-author. This version was published in late in French with a supporting foreword by Michel Rocard , former Prime Minister of France. A film based on his book Adults in the Room , was directed by Costa-Gavras and released in Varoufakis himself is portrayed by actor Christos Loulis. Varoufakis is married to installation artist Danae Stratou.

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    Yanis varoufakis biography: Varoufakis was born in Palaio Faliro, Athens, on 24 March , to Georgios and Eleni Varoufakis (née Tsaggaraki). [5] [6] Varoufakis's father, Georgios Varoufakis, was an Egyptiote Greek who emigrated from Cairo to Greece in [7] in order to study chemistry at the University of Athens. [6].

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  • Greek Australian —present [ 1 ]. Game theory Political economy Marxian economics. Early life and education [ edit ]. Academic career [ edit ]. Minister of Finance and the Syriza government January—August [ edit ]. This section may require copy editing for proper paragraphing. Excessively long, run-on paragraphs need to be split into multiple paragraphs of moderate length.

    You can assist by editing it. September Learn how and when to remove this message. This section of a biography of a living person needs additional citations for verification. Please help by adding reliable sources. Contentious material about living persons that is unsourced or poorly sourced must be removed immediately from the article and its talk page, especially if potentially libelous.

    Varoufakis was born in Athens in and attended Moraitis School before moving to the United Kingdom, where he studied mathematics at the University of Essex before attaining a postgraduate degree in mathematical statistics at University of Birmingham and a PhD in economics at Essex. He began a career in academic economics, teaching at the universities of Essex, East Anglia and Cambridge between and After eventually acquiring Australian citizenship, he returned to Greece that year to teach at the University of Athens, where he led a doctoral program and was promoted to full professor in Following this, Varoufakis had periods of advising George Papandreou and working as the economist-in-residence for Valve before moving to the United States to teach at the University of Texas at Austin.

    Varoufakis has published a number of texts on economics and game theory, such as The Global Minotaur. Yanis Varoufakis is one of the richest Economist from Greece. Last Update: December 11, He therefore ended up spending several years imprisoned on the island of Makronisos, which was used for the political re- education of people who fought on the communist side in the war.

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