Varoufakis never showed that he was ready to accept all the demands Greece creditors put towards the debt-stricken nation. He repeatedly refused bailout plan offered by the troika of international creditors, calling it “a committee built on rotten foundations.”
The self-declared "erratic Marxist" was apparently ready to mutilate himself rather than agree to current terms of bailout presented to Athens by its international creditors.
“I’d prefer to cut my arm off” than agree to current deal, he said in an interview to Bloomberg, adding that people of Greece are tired of “losing their dignity by signing agreements and making pledges that simply cannot be met. Because the financing is wrong.” .... http://rt.com
