Mr Varoufakis quit the Greek government in July last year after refusing to accept the terms of a third bailout
Former Greek finance minister Yanis Varoufakis has won a new role advising Jeremy Corbyn's Labour Party.
Mr Varoufakis quit the Greek government in July last year after refusing to accept the terms of a third bailout, which imposed further austerity measures on the debt-stricken country.
Mr Corbyn says Mr Varoufakis has recently met British shadow chancellor John McDonnell and will advise Labour in "some capacity".
"Varoufakis is interesting because he has obviously been through all the negotiations (with the ECB, European Commission and International Monetary Fund)," he told his local newspaper the Islington Tribune.
"I think the way Greece has been treated is terrible and we should reach out to them.
"I realise we're not in the eurozone, but it's a question of understanding how we challenge the notion that you can cut your way to prosperity when, in reality, you have to grow your way to prosperity.
"So all our emphasis and work and campaigning is about an expanding economy and investing in an expanding economy."
Mr Varoufakis, who has described himself as an "erratic Marxist", was educated in the UK, with a degree and PhD from the University of Essex and a further degree from the University of Birmingham.
While leading calls for Greece to reject the third economic bailout, he accused European leaders of "terrorism" towards Greece and said "austerity is like trying to extract milk from a sick cow by whipping it".