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My hope that Thatcher would inadvertently bring about a new political revolution was well and truly bogus. All that sprang out of Thatcherism were extreme financialisation, the triumph of the shopping mall over the corner store, the fetishisation of housing and Tony Blair.

From Yanis Varoufakis

Simple logic dictates that if you cannot even conceive the possibility of leaving a negotiation, then it is preferable never to enter one.

From Yanis Varoufakis

In occupied Iraq, the introduction of new paper money took almost a year, 20 or so Boeing 747s, the mobilisation of the U.S. military's might, three printing firms, and hundreds of trucks.

From Yanis Varoufakis

The euro is a hybrid of a fixed exchange-rate regime, like the 1980s ERM or the 1930s gold standard, and a state currency.

From Yanis Varoufakis

I was told once by a leftwing scholar that as a Marxist, you have to do two things: always be optimistic and always have a view about everything. That advice still sounds good to me.

From Yanis Varoufakis

For some reason, lots of terrible things start here and then spread. The Cold War was one. It didn't start in Berlin - it started in Athens in December 1944; the contagion in the eurozone started here in 2010. We are perfectly capable as Europeans of messing things up unnecessarily.

From Yanis Varoufakis

Bankruptocracy is as much a European predicament as it is an American 'invention.' The difference between the experience of the two continents is that at least Americans did not have to labour under the enormous design faults of the eurozone.

From Yanis Varoufakis

Game theorists analyze negotiations as if they were split-a-pie games involving selfish players.

From Yanis Varoufakis

Yanis Varoufakis

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