With all due respect, you got this wrong. I never blinked. And because I didn't, whereas my PM did, I resigned. As finance minister, I did not have the authority to exit the euro. My only choice was to stay in that gvt, compromised. Or to resign. I made the right call.
https://bird.makeup/users/mmtlabour/statuses/2109878847638548672
@danielagabor This was inevitable with the adoption of the Euro. Greece can only earn Euros, it can't issue them. It is reliant on exports but has no competitive manufacturing base - so tourism it is.
Varoufakis blinked first. He should have dropped the Euro and returned to the Drachma.
@yanisvaroufakis You appeared on Question Time and said that all the Drachma printing presses had been destroyed. I looked into that claim. It wasn't true... besides, that wouldn't have stopped you issuing digital currency until new plates were in place. Yes, Tsipras also succumbed.