Martin Wolf, in The Financial Times, on ‘Adults in the Room’: “A tragedy because Varoufakis was – and is – right. The bulk of Greek debt should indeed be cancelled outright.”

This is a superbly written account of the struggle to alleviate the austerity imposed upon the Greek people by the eurozone. Greece, argues Varoufakis, has been put in a debtors’ prison and robbed of autonomy and dignity for the indefinite future. Critics would argue that he failed as finance minister in 2015 because he was insufficiently politic. More plausibly, he could never have succeeded, such were the vested interests arrayed against him. This outcome was — and is — a tragedy, because he was — and is — right. The bulk of Greek debt should indeed be cancelled outright. Read and weep.
Adults in the Room: My Battle with Europe’s Deep Establishment, by Yanis Varoufakis, Bodley Head, RRP£20
Martin Wolf, Chief Economic Commentator, The Financial Times
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