Hunt To Punish Varoufakis May Have Found Weak Spot

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Mark Melin
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Updated on

The hunt to punish the man that dared defy the German banking establishment, former Greek Finance Minister Yanis Varoufakis, just got hotter. And this time, they may have some meat on the prosecutorial bone based on one detail of Varoufakis’s defiant act of considering the creation of a parallel payment system in case the Troika cut off financial liquidity during negotiations. Varoufakis being challenged for hacking tax system Ilias Zagoraios, the chief prosecutor of the Athens First Instance Court, appears to know where the soft spot is and is tackling the issue straight ahead. Zagoraios isn’t focusing on the act…

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Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.

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