Troika threat was real cause of loss of confidence in Greece

Former Greek finance minister Yanis Varoufakis says that blaming him for taking his country to the financial brink is a blinkered way to view what happened

In his end-of-2015 missive, Holger Schmieding of the Hamburg investment bank Berenberg warned his firm’s clients that what they should be worrying about now is political risk.

To illustrate, he posted a diagram, showing how business confidence collapsed in Greece during the late spring of 2015, and picked up again only after my resignation from the finance ministry.