The London-based Official Monetary and Financial Institutions Forum, headed by an ex-Financial Times scribe – managing director David Marsh – on Monday released a 24-minute audiotape of a teleconference they held nearly two weeks ago with Yanis Varoufakis, the former Greek finance minister.
Details of the call were first revealed by the Greek daily Kathimerini, and much of most sensational revelations Varoufakis made were about a surreptitious project he and a small team of aides worked on to set up a parallel payments system that could be activated if the European Central Bank forced the shutdown of the Greek financial system.
But Varoufakis also made some other interesting allegations, including claims the International Monetary Fund believes the Greek bailout is doomed and that Alexis Tsipras, the Greek prime minister, offered him another ministry shortly after he was relieved as finance minister.
We’ve had a listen to the entire call, and transcribed most of it – excluding some inconsequential asides to the teleconference’s hosts, Messrs Marsh and Norman Lamont, the former UK finance minister.
The recording starts with an apparent interruption of the speakers; the teleconference operator announces that the call is now being recorded. Then Varoufakis begins:
The thing is, I have to admit we did not have a mandate for bringing Greece out of the euro. What we had a mandate to do was to negotiate for a kind of arrangement with the eurogroup, with the European Central Bank that would render Greece sustainable within the eurozone.
Read moreDespite the efforts of the international community, and in particular the recent initiative of President Museveni with a view to facilitating an inter-Burundian dialogue, it seems clear that insufficient progress has been made in implementing the decisions adopted by the African Union on 13 June and by the East African Community on 6 July. Only by implementing those decisions in full would it have been possible to hold credible and inclusive elections in Burundi yielding representative results. In going ahead with the elections, the government has decided otherwise.
In the absence of a meaningful national dialogue which could lead to a political consensus, Burundi will be unable to return to the path of stability, democracy and development which started with the adoption of the Arusha Agreement. The EU will therefore launch the preparatory work for specific consultations as provided for in Article 96 of the Cotonou Agreement in order to ensure that the Burundian government makes the commitments necessary to remedy the crisis. Respect for human rights, democratic principles and the rule of law is an essential element of the cooperative relationship between the EU and Burundi, which is governed by the Cotonou Agreement.
The EU urges the government and the opposition parties to resume the dialogue in order to achieve a consensual outcome which will lead to the re-establishment of an inclusive and democratic political system. The EU fully supports the efforts being made to that end by the East African Community, the African Union and the United Nations.
The European Union is deeply concerned about the humanitarian, socioeconomic and security-related impact of the crisis in the country and in the region as a whole. In that context, we welcome the dispatch by the African Union of human rights observers and military experts to oversee the disarmament of the groups affiliated to the political parties. The European Union commends the generosity of neighbouring countries in sheltering refugees from Burundi and reaffirms its solidarity with the Burundian people and with the host communities, including through the mobilisation of humanitarian aid for the thousands of refugees.
The EU notes that violence cannot be used for political ends and once again calls on all stakeholders and political leaders to both condemn and discourage it. In particular, this refers to the activities of the armed groups, such as the recent attacks in the province of Kayanza. In line with the Council conclusions of June 2015, the European Union is preparing to adopt, where necessary, restrictive measures targeted at those whose actions might have led or might lead to acts of violence and repression and to serious human rights violations, and/or which might hamper the quest for a political solution.
The Candidate Countries Montenegro*, Serbia* and Albania*, the country of the Stabilisation and Association Process and potential candidate Bosnia and Herzegovina, and the EFTA countries Iceland, Liechtenstein and Norway, members of the European Economic Area, as well as Ukraine, the Republic of Moldova, Armenia and Georgia align themselves with this Declaration.
* Montenegro, Serbia and Albania continue to be part of the Stabilisation and Association Process.