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Dr Yanis Varoufakis

DiEM25 Co-founder, Former Minister of Finance, Greece, Professor of Economics at University of Athens

Profile

Yanis Varoufakis served as Minister of Finance of Greece in during one of the most dramaticperiods in the country’s modern history. He has since gone on to be a leading anti-austerityvoice across Europe and the world, supporting a more progressive, left-leaning solution to theeconomic woes many have faced since the banking crisis.After the financial crisis that nearly bankrupted the country, Greece witnessed political andsocial turmoil rarely seen in Europe for over 50 years. With general elections and referendahappening almost yearly, there was a search for stability as the country sought to negotiate itsnational debt.The election of the socialist Syriza (or Coalition of the Radical Left) saw Yanis elected toparliament and appointed as Finance Minister shortly afterwards. The party promised to standfirm against the ECB-imposed austerity measures and Yanis led discussions with the bank, theIMF and EU members. Faced with a new bail-out proposal, Yanis staked his political career onrejecting it. When a national referendum on the scheme approved it, true to his word, heresigned from government.Since his brief stint in politics Yanis has returned to economics, and has becoming a leadingcritic of austerity plans around the world. He is also outspoken on the EU and the ECB fortheir actions and lack of accountability. Often controversial, but always considered, hecompiled his thoughts on global economics and the aftermath of the financial crisis in his bookAnd The Weak Suffer What They Must?: Europe, Austerity and the Threat to Global Stability.Educated in Greece and the UK, Yanis has taught economics and econometrics at theUniversity of Essex and the University of East Anglia. He was a Fellow at the University ofCambridge, was a senior lecturer in economics at the University of Sydney, and becameProfessor of Economic Theory at the University of Athens. Whilst in Athens he also served aseconomic advisor to George Papandreou, then Prime Minister of Greece.Yanis is also the author of several books on game theory, and is a regular in the news media allover the world. As well as challenging political and economic conventions he explainscomplex issues in accessible, relevant language.

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