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Outgoing Greek Finance Minister Yanis Varoufakis said he would ‘wear the creditors’ loathing with pride’. Alexandros Vlachos/EPA/AAP

Varoufakis exit is not the game changer the EU needs

Ongoing negotiations between Greece and the troika are likely to prove futile - what's needed is a complete rethink of EU's dualistic system.
With a temporary EU debt deal done, Greek Finance Minister Yanis Varoufakis must now deliver his economic reform plan. Stephanie Lecocq/EPA/AAP

Greece stares financial apocalypse in the face, and retreats

Crisis postponed. On Friday, Greece, the European Union (EU) and the International Monetary Fund (IMF) brokered a four-month extension of bailout loans to the newly-installed government of Alexis Tsipras…
Newly appointed Finance Minister Yannis Varoufakis arrives at the Presidential Palace to be sworn-in under Greece’s new government. Yannis Kolesidis/EPA/AAP

Yanis Varoufakis: from accidental economist to finance minister

Since 2009, the economic situation of Greece has helped expose the architecture and policy regime problems of the European Union and the eurozone. On Sunday the Greek electorate rebelled against the self-defeating…

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