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A Korean adviser of Varoufakis claims a fee of €375,000

09 August 2015 / 14:08:17  GRReporter
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Could that be anything if not a thunderbolt out of the blue for the Greek government! Former adviser to Finance Minister Yannis Varoufakis, Korean Glenn Kim wants a honorarium of €375,000 – no more, no less.

Kim presented a resume, which could have been robust if it wasn't fake. As Sunday's To Vima has revealed, the Korean economist cast himself as an associate of the German Finance Minister, Wolfgang Schaeuble. Kim also claimed to have created the European Financial Stability Facility (EFSF) and the European Stability Mechanism (ESM); he had allegedly worked for arranging the Icelandic bank debt as well.


Notorious Glenn Kim

However, according to the publication, which presents Glenn Kim's actual autobiography, instead of having worked for Wolfgang Schäuble, the Korean was an ordinary consultant for a Frankfurt-based office. Instead of having created the EFSM, he started working for the organisation five months after it was launched. No connection of Kim with ESM's establishment can be backed by evidence, either.

As far as the Icelandic debt is concerned, Kim did function as a consultant in Iceland, but on the removal of capital controls in the country rather than on the bank debt.

After Yannis Varoufakis was removed from the negotiation team, Glenn Kim informed the former minister's associates in the Greek government that he had been verbally promised a compensation of €125,000 a month! He had received none of it so far, apart from per diems, travel and accommodation expenses for his sojourns in different European capitals.

His hopes to get the full amount, estimated at €375,000, hinge on the endorsement of a retroactive payment of his fees.

Tags: Yannis Varoufakis associate fee Korean economist EFSF ESM
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