×
GreekEnglish

×
  • Politics
  • Diaspora
  • World
  • Lifestyle
  • Travel
  • Culture
  • Sports
  • Cooking
Friday
27
Mar 2026
weather symbol
Athens 14°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

Oil: Nearly 6% jump in prices with Brent at $108 and uncertainty growing

IMF: Scenarios for new country funding due to War – World Bank on alert

Recovery Fund: Green light from the Commission for a new tranche of €1.18 billion to Greece, 68.5% of total disbursements

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

Oil: Nearly 6% jump in prices with Brent at $108 and uncertainty growing

March 26, 2026

Teenagers from 12 years old join volunteer patrols in Tehran

March 26, 2026

IMF: Scenarios for new country funding due to War – World Bank on alert

March 26, 2026

Israel: One dead and 14 injured in Hezbollah rocket barrage on Nahariya

March 26, 2026

Negotiations begin to form a new government in Denmark

March 26, 2026

Oil tanker allegedly hit by drone near Bosphorus Strait

March 26, 2026

Humans have been together with dogs for at least 15,800 years, the discovery in Turkey changes the facts

March 26, 2026

Nine violations of Greek airspace by Turkish aircraft

March 26, 2026
All News

> Greece

Mykonos businesswoman reveals how Gold Sovereign scam network was uncovered

In a new episode of THEMA UNCUT, businesswoman Angela Evangelia Grypari speaks to Frixos Drakontidis about how she helped expose a nationwide fraud ring involving a powerful Roma family from Thessaly, after a close relative of hers became a victim

March 26, 2026

Weather: New wave of bad weather coming with rain and snow in the mountains – Where phenomena will be intense

March 26, 2026

Devil’s well: Three scenarios behind the tragedy of the 34-year-old diver in Vouliagmeni

March 26, 2026

Earthquake of 4.9 magnitude in Mount Athos, felt in Thessaloniki (Update)

March 25, 2026

Road closures today (25/3) in Athens: Traffic measures in the city center – What applies to the metro

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