Former Greek finance minister Yanis Varoufakis, who was outspoken in his criticism of the austerity policies championed by Berlin at the height of the eurozone’s debt crisis, is to stand in European elections next year – in Germany.

Greek controversial economist and former Minister of Finance Yanis Varoufakis is re-entering politics with a new party, set to be launched on 26 March, one day after Greece’s National Day of Independence.