NEWS

New FinMin slams bailout deals as ‘toxic mistake,’ sees chance to ‘reboot Europe’

New Finance Minister Yanis Varoufakis has said that the newly-installed government will seek to forge an agreement that will bridge previous programs with a new deal between Greece and its foreign lenders.

During a handover ceremony Wednesday in Athens, Varoufakis, an economics professor, said that the new administration is determined to change the logic of how the crisis is tackled, while criticizing Greece’s bailout deals as “a toxic mistake.”

SYRIZA’s election victory, Varoufakis said, “is a chance for a new start, a reboot for the whole of Europe.”

Varoufakis said he would meet Eurogroup chief Jeroen Dijsselbloem this week and hold meetings with the Italian and French finance ministers in the coming days to win support.

Varoufakis also said that the Finance Ministry plans to reduce the number of advisers and rehire the cleaners sacked by the previous administration.