A conversation with Yanis Varoufakis
Kemal Derviş and David Wessel
Since 2010, the economy of Greece has repeatedly faced challenges initially brought on by the global financial crisis. Over the past five years, various Greek governments have sought to overcome these challenges, restructure debt, and renew the country’s economy with some, but limited, success. Unemployment remains close to 25 percent and the cumulative loss of GDP has approached 28 percent. Conversations with partner governments in the eurozone have at times been contentious. Now, a new party has been elected in Greece and is charged with tackling its fiscal challenges, and conversations continue to swirl about what lies ahead.
On April 16, the Global Economy and Development program and the Hutchins Center on Fiscal and Monetary Policy at the Brookings Institution hosted Greek Minister of Finance Yanis Varoufakis to discuss what faces the Greek economy, the prospects for reform and economic renewal, and the details of any future strategic agreement among Greece, its European partners, and the International Monetary Fund.
After opening remarks by Minister Varoufakis, there was a short conversation with Kemal Derviș and David Wessel of the Brookings Institution.