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Greek economist and politician (born 1961)
Ioannis Georgiou "Yanis" Varoufakis is a Greek economist, academic, author, and politician. Since 2018, he has served as Secretary-General of Democracy in Europe Movement 2025 (DiEM25), a left-wing European political alliance he co-founded in 2016. Previously, he served as Minister of Finance in the government of Alexis Tsipras in 2015, during the 2009–2018 Greek government-debt crisis, where he became internationally known for opposing EU-imposed austerity measures.
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Key indicator dropped about 20% after the Reserve Bank last month announced the highest interest rates since 2011