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In a newly released memoir, named Ithaki, the ex- leader Alexis Tsipras does not hold back while he reflects on the turbulent era during Greece's economic turmoil.

A Controversial Choice

As per the ex-PM's recollections, Tsipras appointed the unorthodox economist Yanis Varoufakis as the treasury head largely because of his global profile and Varoufakis's highly compelling abilities when it came to public orator.

“In reality, he was, actually, more of a star rather than an economist,” wrote the 51-year-old.

Conflicting Priorities

The former leader suggests how his finance chief possessed a personal agenda which involved advancing his books and experimenting with his own economic models using the nation rather than genuinely advocating its economic stability.

He explained how the discussions to stave off bankruptcy became “not only a way of achieving a better deal for the country. They became a test, a monumental opportunity to prove the truth of his theories.”

High-Stakes Negotiations

Amid rollercoaster discussions, the country came dangerously close to exiting the eurozone.

At stake was both the country's future and those severe cutbacks required in exchange for financial aid by international creditors.

Failed Alternatives

Attempts to find financing from other sources, such as a desperate plea to the Kremlin to purchase Greek government bonds, were rejected.

Assisting Greece would be equivalent to tossing cash into the garbage, Putin is reputed to have told Tsipras during their meeting.

Referendum Followed by U-Turn

In July 2015, those punitive bailout terms were put to a popular referendum, an action which plunged the EU into deeper crisis of identity.

Even though the referendum was carried decisively by those against the cuts, the prime minister was forced to reject its outcome and agree to a rescue deal with foreign lenders that turned out to be more severe.

Breaking Point

The ex-PM claimed that he began to doubt Varoufakis relatively soon.

“He was the face of negotiation, the figure who drew publicity, who graced the covers of magazines globally … it seemed he relished the spotlight.”

After Varoufakis outlined a contingency plan involving establishing a parallel currency and issuing coupons to retirees, the leader said he realised it was game over questioning him: “Is this for real?”

Lasting Criticism

In the book, the author asserts how his former ally demonstrated himself to be “unfit for an agreement demanding intricate and delicate management.”

He also wrote that his aggressive style left him more and more alone with colleagues, put Greece at risk, while helped hawks that were pushing for a Greek exit from the euro.

This retelling of history has been met with anger along with stunned disbelief among certain groups, whereas the former minister has so far kept a deafening silence on the matter.