'Australia headed for recession': Yanis Varoufakis, former Greek finance minister

By Mark Mulligan
Updated December 1 2015 - 7:08am, first published 12:15am
Yanis Varoufakis, former Greek Finance Minister, says Australia is headed for recession. Photo: Nic Walker
Yanis Varoufakis, former Greek Finance Minister, says Australia is headed for recession. Photo: Nic Walker

Australia is headed towards recession, according to former Greek finance minister Yanis Varoufakis, who argues that weak domestic investment and the slowdown in China will ultimately put the brakes on growth.