Greece got really and deeply lost in Value Added Tax rates. Monday night Finance Minister Yanis Varoufakis announced his V.A.T. overhaul plan with two rates of 9.5% and 18% for cash payments and 3% “discount on V.A.T.” for non-cash payments. Once Tuesday broke in, the Greek Finance Minister saw his …

Greek Finance Minister Yanis Varoufakis said it clearly Monday night on political program on private STAR TV. There will be a flat Value Added Tax of 18% for cash-transactions and a 3% discount – ie. 15% V.A.T. –  for payments with credit or debit card. He assured that “the low …

Finance Minister Yanis Varoufakis revealed the size of pressure the Greek government and the negotiation team is exposed to by the creditors but also the creditors’ plan who insist on further austerity. “The lenders have gone so far to demand that we reduce all wages above 700 euro down to …

Huh!? We have a saying in Greek, I will reveal it to you at the end of the post… Dutch Finance Minister and Eurogroup head Jeroen Dijsselbloem warned the Greek government that Europe is prepared for any outcome to the standoff between Greece and its creditors. Of course, Dijsselbloem did …

Greek Finance Minister Yanis Varoufakis and his wife Danae became the target of a group of anarchists while they were dining with a friend at an Athens restaurant late Tuesday. A group of some 30 anarchists threw glass object at the couple, Varoufakis escaped injuries when his wife hugged him …

Greek Finance Minister has been sidelined, Brussels and international media cheer. The pressure against Yanis Varoufakis has increased during the last days especially during the Eurogroup meeting in Riga, with the EU political world to have launched a Blitzkrieg the Greek Finance Minister. Finance chiefs at the Eurogroup meeting in …

US Presidents do not normally meet and chat with finance ministers. However US President Barack Obama broke the protocol and had an informal chat with Greek Finance Minister Yanis Varoufakis during a reception hosted at the White House in order to honor Greece’ Independence Day. Certainly a powerful gesture of …

Do you remember Yanis Varoufakis‘ “doctrine” for a Greek default within the euro zone”? That was back in 2012, when Varoufakis who was just an economics professor and games theorist, was touring the media claiming that “Greece should default within the eurozone.”  Now, exactly today, Wednesday, a similar scenario appeared …

Finance Minister Yanis Varoufakis will have important contacts this week in Washington with the most striking of all, his meeting with US President Barack Obama in the White House. No, Obama did not invite Varoufakis for a face to face meeting in the Oval Office. The two men will meet …

Managing Director of International Monetary Fund Christine Lagarde was surprised to find Yanis Varoufakis hiding in a bush next to other Easter Eggs. The Greek Finance Minister had asked her for an urgent meeting on this Easter Sunday to talk “negotiations” and “reforms” as time and cash are running up …

Doomsday scenarios are up again, as the Greek government is preparing the list of reforms to be submitted to the Institutions of IMF, EU and ECB, the creditors’ Trio formerly known as the Troika. The warnings by the head of the German Bundesbank have been garnished by media articles claiming …

Greek Finance Minister Yanis Varoufakis is among the World Thinkers 2015. In a online voting poll conducted by the Prospect Magazine, Varoufakis comes second after French economist Thomas Picketty, whose book Capital in the Twenty-First Century had sold a remarkable 1.5m copies worldwide in several languages. Several of the other …

Did Greek Finance Minister Yanis Varoufakis raised his middle finger against the country’s lenders or not? A video from a speech Varoufakis held at an international conference in Zagreb in 2013 was aired at a television talk show of German broadcaster ARD on Sunday evening, while the Greek Finance Minister …

“No, No, No! That was unacceptable!” A friend entered my apartment in a hurry and loudly arguing against the Varoufakis Photo shooting for French live style magazine Paris Match. A series of nicely set pictures At Home with Varoufakis, showing Greece’s impressive and imposing Finance Minister strumming on the home …

Greek Finance Minister Yanis Varoufakis said that the government could propose a referendum or new elections if the Eurogroup partners reject his reforms proposal. The statement comes a day before the Eurogroup meeting on Monday, where the Europartners will discuss the Greek reforms proposals. In an interview to Italian daily …

The list Greek finance Minister Yanis Varoufakis sent to Eurogroup head Jeroen Dijsselbloem has been publish in the Greek media. The list refers mainly to “real structural reforms” and not structural in the sense of “austerity adjustment”. Below is the list 1. Activate the Fiscal Council with a view to …

“We have Plan B” Greek Finance Minister Yanis Varoufakis told private Mega TV on Thursday, just a couple of hours after ECB head Mario Draghi linked ECD funding with Greece’s compliance to the bailout and austerity program, righting the conditions for liquidity. At a press conference today, Mario Draghi distributed …

With Greece suffering from economic suffocation and the risk to run out of cash in March, international creditors hint that the last bailout trance of €7.2billion would be paid as early as possible, if Athens starts adopting necessary reforms – ‘reforms’ in the sense of ‘austerity adjustment’, right? Greece needs …

In an interview to Irish Times,  Finance Minister Yanis Varoufakis spoke about the agreement Greece reached at the Eurogroup meeting last week and the ways the indebted-country has to come out of austerity. Below some excerpts: “The deal managed to separate Greece’s loan agreement with its creditors from the memorandum …

+++ the Eurogroup approved Greece’s Reforms List! The letter Greek Finance Minister Yanis Varoufakis sent to Eurogroup head Jeroen Dijsselbloem together with a six-page list containing the reform measures the debt-ridden country plans to implement as soon as possible, has been leaked to the press. The lists contains among other …