Greece's Former Finance Minister: Election Campaign Is 'Sad And Fruitless'

As usual, Yanis Varoufakis isn't shy about offering his thoughts.
Greece's former finance minister Yanis Varoufakis may not be taking part in the country's upcoming election, but that doesn't mean he's keeping quiet.
Greece's former finance minister Yanis Varoufakis may not be taking part in the country's upcoming election, but that doesn't mean he's keeping quiet.
Bloomberg via Getty Images

ATHENS ― Greece’s former finance minister Yanis Varoufakis may not be taking part in the country’s upcoming election, but that doesn’t mean he’s keeping quiet.

Varoufakis told the Australian radio show “Late Night Live” on Thursday that he is not interested in participating in the campaign for September’s snap election in any way, calling the procedure “sad and fruitless.” However, Varoufakis did say he plans to remain politically active, and even said he may try to establish a European network of political alliances in the future.

The former finance minister also predicted that Greece’s new government cannot “ever hope to establish a majority in favor of a rational economic program and a progressive one.”

“National parties that form flimsy alliances within a Europe that operates like a bloc... that model doesn’t work anymore,” Varoufakis said on the Australian radio show.“I think we should try to aim for a European network that at some point evolves into a pan-European party.”

Varoufakis, one of the more controversial politicians in Europe, has not been shy about offering his thoughts on the country’s financial situation since resigning from office last month over his contentious role in the negotiations with Greece’s European creditors over a third financial bailout for the country.

After 62 percent of the Greek people voted “no” to the creditors’ proposals in a national referendum in July, Varoufakis stepped down in a move to help then-Prime Minister Alexis Tsipras reach an agreement to reinstate stability in the country.

Tsipras, who brought back a third bailout agreement, lost support in his own party and resigned from office last week, paving the way for new elections in September.

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