Pages

Welcome, 77 artists, 40 different points of Attica welcomes you by singing Erotokritos an epic romance written at 1713 by Vitsentzos Kornaros

Monday, July 27, 2015

Greece crisis: Yanis Varoufakis admits 'contingency plan' for euro exit

Politicians react angrily to ‘dark narrative’ of former finance minister’s plans for parallel currencyGreece’s former finance minister, Yanis Varoufakis, has been thrust back in the spotlight as he vigorously defended plans to launch a parallel payment system in the event of the country being ejected from the euro. Saying it would have been “remiss” of him not to have a “plan B” if negotiations with the country’s creditors had collapsed, the outspoken politician admitted that a small team under his control had devised a parallel payment system. The secret scheme would have eased the way to the return of the nation’s former currency, the drachma. Related: Yanis Varoufakis defends secret plan for parallel Greek payment system - live updates Continue reading...


READ THE ORIGINAL POST AT www.theguardian.com