Varoufakis Reminds Europe that Might Does Not Make Right
Dr. Yanis Varoufakis in Pasadena. Photo by William Alexander Yankes By William Alexander Yankes While serving as Greece’s Finance Minister, Dr. Yanis Varoufakis made every attempt to negotiate an acceptable bailout for Greece while both the world and his countrymen waited with taut nerves. At press conferences, he spoke with the confidence of a winner, even though his country was battling for its financial and political survival. His efforts preceded the massive migration of war-ravaged Syrian migrants to Greek shores. The country already teetered on both bankruptcy and the loss of its standing as a member of the European Union. The fate of a nation hinged on the destiny Varoufakis could carve with his crucial intervention. After cliff-hanging negotiations, the European Union lenders handed Varoufakis bailout terms that were tantamount to an ultimatum: either accept loans demanding deeper sacrifices or exit the European Union. Rather than using his ministerial powers, he subm