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by katsaroles 5121 days ago
A bit of a background: Varoufakis is something of a celebrity in Greece for being one of the first and the most vocal economists to speak out against the European strategy for resolving the Greek sovereign debt crisis. His predictions have proven to be tragically spot on so far, although it remains to be seen whether his proposal for renegotiating the European bailouts, a proposal that the left-wing SYRIZA political party (which has about 50% chance of winning in the Sunday elections and has allegedly asked Varoufakis to be its economic advisor) has stood behind, is actually a realistic one. He fled to the US and Valve after the doctoral program in Economics he had built in the University of Athens was dismantled during the crisis and after he started receiving death threats by people who weren't particularly thrilled with his opinions.
1 comments

You seem to know a little bit about this gentleman than I (and the rest of HN probably) know, could you tell us more about his (correct) predictions ?
I found this snippet from 24 May on BusinessWeek:

http://www.businessweek.com/articles/2012-05-24/greeces-brai...

> By the end of 2011, Yanis Varoufakis was a celebrity. The director of the Ph.D. program in economics at the University of Athens, Varoufakis had been arguing for two years that Greece was insolvent and the country should default while staying in the euro region ... In 2006, Varoufakis gave a talk in Athens predicting a financial crisis that would start in U.S. real estate, move through Wall Street, and on to Greece.

I have attended one lecture-seminar-debate for economists. He was a spokesman and his ideas can be summarized in 2010 here [1].

His work regarding european crisis [2]

[1]:http://yanisvaroufakis.eu/2010/12/17/the-modest-proposal-in-... [2]:http://yanisvaroufakis.eu/euro-crisis/

A little late, but thanks!