Were Greek People Betrayed?

This text was originally meant as a reply to a comment in the previous post about Greece getting robbed by the banksters, but it surprised me how much there could be found about key figures of the Greek drama played out around 2015. Suddenly, I was looking at a few pages of text so I decided to make a post out of it.

For those who are not familiar with Greek drama, let me quickly refresh your memory: in 2015, the Greek people voted in a referendum to reject the draconian proposals the EU demanded as its price for bailing out Greece. To everyone’s astonishment, having rejected the EU’s proposals and winning the support of the Greek people in the referendum, Greek Prime Minister Alexis Tsipras carried out a complete U-turn immediately after the referendum, and accepted bailout proposals on behalf of Greece. These proposals were even harsher, undoubtedly worse than those he, his newly elected government and the Greek people had previously rejected.

So in reality Greek people suffered even more heavy austerity measures in consequence by being pressed to solve their heavy debt problem with an ultimately moronic plan – with more debt. The trick that was actually played out was to transfer risks from private creditors to the public creditors. When international banksters succeeded in forcing such transfer onto the Greek nation, this is how the money was distributed:

Figure 1 ESMT

Figure 1 presents the main results and exhibits that only €9.7 billion or less than 5% of the total amount of €215.9 billion being distributed in the 1st and 2nd programme were not used for debt-related payments and bank recapitalizations and thus directly contributed to the Greek fiscal budget. In contrast, €139.2 billion or more than 64% were used to repay the existing debt and serve interest payments. Furthermore, €37.3 billion or 17% were used to recapitalize Greek banks, while the remaining €29.7 billion or 14% provided incentives for investors to engage in the Private Sector Involvement (PSI) in March 2012. [i]

And while I’m disclosing my findings, let me begin with an admission. I got carried away 4 years ago and actually believed Tsipras and SYRIZA were some kind of an anti-mainstream rebels able to change anything meaningful. What a fool I was to join all other millions of fools out there, who passionately believed any politician with a heavy mainstream TV coverage would be any different than his fellow politicians. I should have known better, but that’s OK. We all learn as time passes and I’m really happy I was able to progress with my understanding of this world in the meanwhile.

Give masses a big hope in the form of a hero and than kill him – the PTB’s method is the same for ages already. Think of JFK or MLK or any local people’s hero who got installed, promoted and controlled by the PTB only to get fake eliminated some time after achieving a goal of winning people’s hearts. Only derailed minds can think of anything alike, but as we have repeatedly seen, the psychopath mentality is essential when it comes to ruling this world with lies, intrigues, wars and mind-fuckery. Or controlled opposition, for that same matter.

Yanis Varoufakis  was the Finance minister of the Siriza government, which was supposed to defend Greece nation and its interests. A man is known by the company he keeps, so goes the adage. By this measure Yanis Varoufakis kept a very bad company for a finance minister who claimed to be defending the living standards of his people. Before becoming Greek Finance Minister in the January 2015 coalition government of Alexis Tsipras, Varoufakis spent time in the United States working for the Bellevue Washington video game company, Valve Corporation, whose founders came from Bill Gates’ Microsoft. In the late 1980’s he studied economics and game theory in the UK at University of Essex and East Anglia and taught at Cambridge. Then he spent the next eleven years in Australia teaching and even taking Australian citizenship.

As an Australian citizen Varoufakis returned in 2000 to teach at the University of Athens. Then from January 2013 until his appointment as Finance Minister of Greece, Varoufakis taught at the University of Texas, where he became close with James K. Galbraith, son of deceased Harvard economist, John Kenneth Galbraith, also with the Washington establishment think-tank, Brookings Institution. In short Varoufakis is an Australian citizen who has spent most of the past thirty years in Australia, England and USA and little of that in his native Greece.[ii]

In 2015 George Soros gave the closing talk during the annual conference of the The Institute for New Economic Thinking, a conference in which none other than Varoufakis gave a talk the very same day, next to Joseph Stiglitz.

Varoufakis went on Soros’ »Project Syndicate« webpage to advocate for the creation of a “Progressive International” in order to »defeat« the likes of Hillary Clinton. »Project Syndicate« web portal is directly funded by George Soros.

There’s lots of chatter about Varoufakis’ relation to the Levy Economics Institute Of Bard College and other Soros-funded Institutes that proposed dismantling the euro zone. The Institute’s president is Dimitri Papadimitriou who is . . . the husband of Rania Antonopoulou, SYRIZA’s Unemployment Minister, also a Professor at Bard. The Levy Institute had received $60 million by Soros’ Open Society Foundation in 2011.

Varoufakis is a long-time resident scholar at the Institute for New Economic Thinking (INET) in New York. INET was founded by donors such as Soros, David Rockefeller and Paul Volcker.

Who else was in Varoufakis’ company? Here is his own quote, where he clearly explains it:

»Besides Norman [Lamont], my overseas supporters included Columbia University economist Jeff Sachs, who played a central role as adviser and advocate, the aforementioned Thomas Mayer of Deutsche Bank fame, Larry Summers and Jamie Galbraith…«[iii]

Were these type of inidviduals supposed to help Greece people? Seriously? Let’s look at Lawrence »Larry« Summers first – he was the guy that helped remove many laws acting as a shield against crazed banksters going after the world. Larry, who is admitely Jewish,  was very successful at it: starting in a role within the Clinton administration in 1990’s, repealing the law, which separated commmercial banks from investment banks. Soon after he made another bankster-favored move – along with Alan Greenspan and Robert Rubin – they succeeded in removing all controls on the Over-the-Counter (OTC) derivatives market. The door was then wide open for the acceleration of the banking and financial deregulation that led to the crisis in 2007-2008 in the US, which had repercussions in Greece in 2009-2010. Later, after losing his job as a President of Harvard University for sexist public statement, Summers got rewarded with a position in Obama ‘s team. Ironically, he emerged there as a key economic decision-maker in the Obama administration’s response to the recession caused exactly by Summers’ and his stooges’ actions. Would you want to have one of the masterminds of the most recent 2008 economic crisis as your adviser? I know I wouldn’t.

Jeffrey David Sachs, the son of Joan (née Abrams) and Theodore Sachs, has been an adviser to USA neoliberal governments, that have applied shock therapy policies in their countries: Bolivia (1985), Poland (1989) and Russia (1991). Knowing that should be enough for anybody trying to help his own nation, Sachs’ advice is exactly the opposite of what one should be looking for while trying to help his nation.

This is how Varoufakis describes his relationship wih Lord Norman Stewart Hughson Lamont, who had been Chancellor of the Exchequer in the Conservative government of John Major between 1990 and 1993:

»My friendship with true-blue Tory and Eurosceptic Lord Lamont of Lerwick, the chancellor who had ensured that Britain dropped out of the European Monetary System, thus guaranteeing that the UK would not join the euro, was at odds with my image as a loony-left extremist«.

And than a bit further:

»Throughout my 162 days in office Norman proved a pillar of strength, advising me on the final draft of my reform, debt and fiscal proposals to the EU and the IMF«. [iv]

According to Varoufakis’s narrative, these individuals played more than a trivial role. Referring to the plan he proposed to the creditors in May 2015, he writes:

»By the time I landed in Athens, the Plan of Greece had been finalized. Jeff Sachs had beautifully edited the draft I had sent him a couple of days before; Norman Lamont had added some important vignettes; the people from Lazard had refined the debt-swap proposal, and Larry Summers had provided his endorsement«.

lagarde with varoufakis
Christine Lagarde, head of the IMF, and Yanis Varoufakis

Yanis’ father was Chairman of the Board of Directors of “Halyvourgiki”, a major steel industry, and he himself attended a very exclusive private school in Athens, called Moraitis. It is rather hard to believe any member of the privileged families would be able to relate to common people’s needs.

Varoufakis is married to a second wife, a famous artist Danae Stratou who comes from the Stratos family – the founder of the already legendary cotton textile factory “Peiraiki – Patraiki“.

black boxes
One example of Danae’s work. She really got me with this one, it’s called »It’s time to open the black boxes«. Go figure.


The Greek Minister of Finance’s father-in-law, Phaedon, is the son of Stamoulis Stratos, who founded the factory together with Christoforos Catsambas. Yanis Varoufakis’ mother-in-law is famous painter and sculptor Eleni Potaga-Stratou, who is considered a living legend of contemporary Greek art.

It also looks as Yanis is a bit too fond of showing off his wealth and extravagant life. Together with his wife, Danae Stratou, Yanis even went as far as doing a photoshoot at his home in Athens, which is mighty spacious and has a terrace view of the Parthenon.

I think it’s fair to say that Yanis falls into the typical »rich Marxist academic« category. A man that never had to worry about money and who was given one of the best educations money could buy, all the while claiming to fight – on behalf of the »common man«, no less – some invisible war against »evil Capitalism«. In addition, he apparently loves media attention, going as far as showcasing his wealth, while the very country he was elected to lead was being torn apart by severe austerity measures.

Varoufakis’ PhD dissertation was in economics using game theory analysis of industrial strikes in UK/USA and models of wage inflation. Varoufakis is a darling of the free market enthusiasts at »The Adam Smith Institute«, and also publicly admired by Bloomberg media as »brilliant«. Why would a man like this give up a seemingly conservative successful past lifestyle, i.e. everything, to win a Syriza revolt on behalf of normal Greek people he has not even lived with for long?

Varoufakis has apparently decided to accept a bad agreement, along with Tsipras, the rest of the Syriza government and force it onto the Greek people in February 2015, i.e. less than a month after the election victory. Of course, the Troika members working on behalf of the banksters are primarily responsible for the destructive content of this agreement, but Varoufakis-Tsipras could have refused to sign such a dire agreement. I think there lies the answer to my question in the header of this post, doesn’t it?




[i] https://web.archive.org/web/20190114054341/http://static.esmt.org/publications/whitepapers/WP-16-02.pdf

[ii] Source: https://journal-neo.org/2015/07/03/what-stinks-about-varoufakis-and-the-whole-greek-mess/

[iii] Yanis Varoufakis; “Adults in the Room: My Battle With Europe’s Deep Establishment”, London, The Bodley Head, 2017, Chapter 5

[iv] Ibid, Chapter 5

5 thoughts on “Were Greek People Betrayed?

  1. Jesus, it’s all just such a mess – but it makes so much more SENSE now, you know? The puzzle pieces are resolving, one (or more) at a time, like we’re all rendering out reality at a higher resolution almost. Every puzzle piece gets broken down and then we have four BETTER, cleaner ones and the further we go the picture gets clearer and clearer. Glad to see you’re still digging, still resolving these things! It’s not easy. Good work, here!

    Liked by 1 person

  2. This comment is not related to the main topic of this post. Nonetheless, I would like to share the titles of some of my favorite Greek songs. A good artist is Giannis Parios. Some songs by Parios that I like are “Ela na pame se ena meros” , “Dari Dari”, “Eri Eri” and “Ikariotiko”. Ionut Galani (who is actually from my country, Romania) has some good versions of “Pios Pios”, “Opa nina nina nai” ( a song also known as something like “Syko horepse koukli mou”). Glykeria has a good version of “To Diko Mou Paploma” . These songs seem to be traditional songs or are similar to the traditional songs. Maybe some people will enjoy some of these songs.


    1. Thank you, Lebensborn. You seem to be the very first Slovenian commenting here, which is great news. We need like a million more of us…before anything positive changes on the sunny side of the Alps. Naj te sreča spremlja kjerkoli že si 🙂


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