×
GreekEnglish

×
  • Politics
  • Diaspora
  • World
  • Lifestyle
  • Travel
  • Culture
  • Sports
  • Cooking
Sunday
25
Jan 2026
weather symbol
Athens 16°C
  • Home
  • Politics
  • Economy
  • World
  • Diaspora
  • Lifestyle
  • Travel
  • Culture
  • Sports
  • Mediterranean Cooking
  • Weather
Contact follow Protothema:
Powered by Cloudevo
> Economy

Varoufakis: Creative vagueness, VAT and taking a pee in Germany (videos)

Greece's FinMin Y. Varoufakis said that "vagueness" is a goal unto itself

Newsroom February 27 09:29

Finance minister Yanis Varoufakis laid out his cards on the table in an interview with private Greek TV ANT1. Speaking to veteran presenter George Papadakis, he said that the government had committed itself to increasing VAT but assured that this would not threaten basic goods and services or harm islands that are privy to special tax laws. He said taxes would not increase for pharmaceutical supplies, for basic foodstuffs, books, in tourism, on islands and border areas. Asked where taxes would increase, Varoufakis said that he would search for a good of little use and increase VAT on it as a show of goodwill.

He said that the Greek government’s agreement with the Eurogroup was vague because that is what the EU partners wanted in order to ensure that they would be able to pass the program through their parliaments in order for it to be ratified.

Do we have a memorandum? 

We have great success. We had a memorandum and the state always had one. We had elections. The people gave a mandate to go against the logic of the memorandum. We managed to align both. On my first meetings (abroad), I was told that the elections haven’t changed anything. It was not possible to abolish democracy for the sake of the Eurocrisis. This would be a gift to Golden Dawn and euroskeptics. Never before have we exploded two Eurogroups in the air, and this has not happened before, we combined political with financial discussion. We managed to have a third Eurogroup for Greece to change the relationships. We were alone but became the majority.

The bar for expectations was high, have you promised a lot and now it looks as though you’re backing down? 

I was not and am not a member of the Radical Left Coalition (SYRIZA). I asked to become one but this has not occured. My convergence with SYRIZA and Alexis Tsipras happened over the last two years. I have said that simplistic moves don’t help. I said that the more we get installments, the more we reduce Greece’s negotiating strength. People knew exactly what they were doing in the last elections. They chose a government that would say ‘no’ to the policies of the past.

The Greek nation said ‘no’, but not you? 

Absolutely.

Is the memorandum over?

It’s over. Allow me to explain what memorandum means to me. Borrowed funs and austerity are permanent darkness. The terms of the memorandum undermine the concept of reform in Greek society. We hit pensioners and hairdressers while reforms were mishandled.

Is it full of vagueness? 

It is. We are very proud of the level of vaguenessness. I use the term creative vagueness. I want to be the first finance minister to never refer to the numbers unless I am sure I can achieve them. I told the EU partners that if I give you an amount for revenue or revenue from tax evasion then I would be lying.

Will VAT increase?

It won’t increas on islands, tourism, pharmaceutical supplies, border regions, food and books. We will find a product and increase VAT there.

What did you achieve?

We put the humanitarian crisis on the agenda for the first time. I am here because there are kids starving out there.

How will you achieve this? You signed a deal that doesn’t allow you to act unilaterally? You would need the approval of institutions… 

The gang of technocrats won’t be here. It won’t be the same. We have said that there will be no unilateral actions of negative fiscal consequence. For such activities as overdue debts we don’t need approval. We will also move in other directions as we don’t want honest taxpayers to feel duped.

>Related articles

Week of pay rises for about 1 million private-sector employees due to changes in direct taxation – See examples

Minimum wage for 2026 enters consultation, target set at €950 by 2027

Pierrakakis praises AADE’s innovative model as a blueprint for modernizing Greek public administration

Do you have a plan?

We will finalize it over the weekend. With the agreement we reached, the memorandum ended and unacceptable behavior has ended. We are in a Europe that has undermined itself. I had said earlier that at the Eurogroup there is not even discussion. We are changing Europe. I was in Frankfurt with five secret policemen. I asked to go to the toilet and one of them had to come with me. “I want to thank you because Europe needs to change for us Germans too,” he said.

Do you have secret police with you here too?

No. If I need it then it’s time to resign.

Ask me anything

Explore related questions

> More Economy

Follow en.protothema.gr on Google News and be the first to know all the news

See all the latest News from Greece and the World, the moment they happen, at en.protothema.gr

> Latest Stories

The path of the patricide—from prison for the murder of his mother to admission to Dromokaiteio and his discharge

January 25, 2026

“We have appealed to the Council of State, to ministries, we asked for the intervention of the Transparency Authority—no one is doing anything,” says the mayor of Milos about the new environmental crime

January 25, 2026

“My child, I’m dying now, don’t hurt me anymore”: the last words of the 80-year-old before being killed by his son

January 25, 2026

Smiling climber Alex Honnold waves to onlookers watching him from inside the skyscraper in Taiwan – watch the video

January 25, 2026

New “ecological crime” with a five-star hotel in Mytakas, Milos, next to Sarakiniko – watch the video

January 25, 2026

Mitsotakis: Europe must remain united and maintain channels of cooperation with the US, even in times of tension – We seek an active role in Gaza

January 25, 2026

Week of pay rises for about 1 million private-sector employees due to changes in direct taxation – See examples

January 25, 2026

A university in Texas banned a professor from teaching Plato

January 25, 2026
All News

> Greece

The path of the patricide—from prison for the murder of his mother to admission to Dromokaiteio and his discharge

The perpetrator of the murder in Glyfada had been detained since April 2, 2014, for the homicide of his mother at the time, and had been sentenced to a total of 16 years in prison. According to his release order, he was freed under a beneficial provision of the so-called Paraskevopoulos law

January 25, 2026

“We have appealed to the Council of State, to ministries, we asked for the intervention of the Transparency Authority—no one is doing anything,” says the mayor of Milos about the new environmental crime

January 25, 2026

“My child, I’m dying now, don’t hurt me anymore”: the last words of the 80-year-old before being killed by his son

January 25, 2026

New “ecological crime” with a five-star hotel in Mytakas, Milos, next to Sarakiniko – watch the video

January 25, 2026

Dead man found in the trunk of a car in Glyfada – His son arrested, had also killed his mother in 2014

January 25, 2026
Homepage
PERSONAL DATA PROTECTION POLICY COOKIES POLICY TERM OF USE
Powered by Cloudevo
Copyright © 2026 Πρώτο Θέμα