Adults in the Room, Yanis Varoufakis
https://www.amazon.com/Adults-Room-Europ...varoufakis
Amazon UK link:
https://www.amazon.co.uk/Adults-Room-Bat...184792445X
An account by the former Greek finance minister of his three months in the job, and how his plans to put his country back on a financial even keel were scuppered by the EU and his own government.
To begin with, he describes his journey from teaching at the University of Austin to joining far-left Greek party Syriza (whose policies he has often been harshly critical of) in time for the 2015 Greek General Election.
He recounts a bizarre meeting with Larry Summers in a hotel where he states that he will behave as an insider (i.e. part of the global establishment) for as long as it serves the interests of Greece, but will not hesitate to return to his 'natural habitat' - as an outsider - should this not be the case.
If there's one message to be taken from the book, it's how undemocratic and unaccountable the Troika, the EU and its various bodies (e.g. the Eurogroup) are.
Much of the book describes how he would attend Eurogroup meetings - informal gatherings of EU finance ministers to suggest how to take policies forward - and put his proposals for getting his country out of debt, which would be met with enthusiasm and promises to discuss them, only to be met with hostility and ridicule by the same ministers at formal meetings later on.
They are going to go ahead with another bailout, one which is going to hit ordinary Greeks hard, with accompanying austerity measures imposed from the outside; bank closures, pensions and welfare to be brutally cut. And there is the possibility of Grexit, with the possibility of Greece leaving the Eurozone, if not the EU altogether. Both Varoufakis and his counterparts are opposed to this, at least ideologically.
He describes a meeting with representatives of Chinese shipping giant Cosco, who have a base at the port of Piraeus, near Athens. To his delight, they agree to a deal which involves huge Chinese investments in infrastructure and purchasing Greek government bonds, giving Greece a much-needed boost. This turned to dismay shortly afterwards when it transpires that 'Berlin' intervened to warn China not to get involved with Greece until they were finished with them...
Varoufakis states that there are no heroes and villains in his book; rather that it, like a classic Greek tragedy, portrays people caught up in the remorseless working of events. You might be inclined to disagree after reading the book. One particularly unpleasant character is former Dutch finance minister and Eurogroup president Jeroen Dijsselbloem.
Another surprising revelation of the book is Varoufakis' friendships with Tory figures such as Norman Lamont and Gideon (George) Osborne, whom he seems to have more in common than thought.
One interesting anecdote towards the end of the book recalls how he and his partner (now wife) were out in the Athens suburb of Exarcheia and were accosted by anarchists who threatened him with broken bottles, telling him that he would be welcome back in the area when he wasn't a minister any more. He even quotes a Greek press article about the incident that refers to them as 'anarcho-fascist hoodlums'.
He actually described himself as an anarchist earlier in the book. Cognitive dissonance?
The book closes with his depiction of the referendum held in Greece on the terms of the third bailout - the so called Memorandum of Understanding - which the people of Greece voted to comprehensively reject. Although this did not change anything; as we know, the bailout went ahead anyway. Varoufakis resigned, vilified by a number of his colleagues and the Greek media; he claims that there is a movement to charge him with high treason.
He mentions at the beginning and end of the book his campaigning against Brexit. Personally, I put the book down feeling even more convinced than ever that voting leave was one of the best decisions we - over 17 million of us - ever made. Reading the customer reviews on Amazon's UK site, it seems that I'm far from alone...
He genuinely seems to believe that the EU is open to reform, and to this end he has founded a new movement - DiEM25 (No link provided; believe me, you have better things to do). What does he think he can do with a 'Pan-European, cross-border movement of democrats' that he couldn't when he was in government escapes me.
I mean, Dave Cameron went over as the UK Prime Minister boasting that he would get all manner of reforms and came back with his tail between his legs...