Yanis Varoufakis served as Minister of Finance of Greece during one of the most dramatic periods in the country’s modern history. He has since gone on to be a leading anti-austerity voice across Europe and the world, supporting a more progressive, left-leaning solution to the economic woes many have faced since the banking crisis.
After the financial crisis that nearly bankrupted the country, Greece witnessed political and social turmoil rarely seen in Europe for over 50 years. With general elections and referenda happening almost yearly, there was a search for stability as the country sought to negotiate its national debt. The election of the socialist Syriza (or Coalition of the Radical Left) saw Yanis Varoufakis elected to parliament and appointed as Finance Minister shortly afterwards. The party promised to stand firm against the ECB-imposed austerity measures and Yanis led discussions with the bank, the IMF and EU members. Faced with a new bail-out proposal, Yanis staked his political career on rejecting it. When a national referendum on the scheme approved it, true to his word, he resigned from government.
Since his brief stint in politics, Yanis Varoufakis has returned to economics and has become a leading critic of austerity plans around the world. He is also outspoken on the EU and the ECB for their actions and lack of accountability.
Educated in Greece and the UK, Yanis has taught economics and econometrics at the University of Essex and the University of East Anglia. He was a Fellow at the University of Cambridge, was a senior lecturer in economics at the University of Sydney, and became Professor of Economic Theory at the University of Athens. Whilst in Athens he also served as economic advisor to George Papandreou, then Prime Minister of Greece.
In January 2015 the International University College of Turin awarded Yanis an Honorary Professorship in Comparative Law Economics and Finance for his extraordinary theoretical contribution to the understanding of the global economic crisis.
He is the author of several notable publications on mathematical game theory and state economy. In May 2017, Yanis released Adults in The Room: My Battle With Europe’s Deep Establishment, a personal account of Europe’s hidden agenda and an urgent wake-up call to renew European democracy.
He is a recognised speaker and often appears as an analyst for national news media. His expertise is impressive and his opinion is sometimes controversial – but always evocative and sincere.
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