Monday, July 27, 2015

Greece Made Secret Plans To Exit The Euro. Had Plans To Raid Banks For Drachma Return

Yanis Varoufakis (left) has opposed the bailout deal struck by Alexis Tsipras. Photograph: Alkis Konstantinidis/Reuters

The Guardian: Greece rocked by reports of secret plan to raid banks for drachma return

Opposition demands answers after covert proposals attributed to Yanis Varoufakis and fellow ex-minister highlight deep split in Syriza party.

Some members of Greece’s leftist-led government wanted to raid central bank reserves and hack taxpayer accounts to prepare a return to the drachma, according to reports that highlighted the chaos in the ruling Syriza party.

It is not clear how seriously the government considered the plans, attributed to former energy minister Panagiotis Lafazanis and ex-finance minister Yanis Varoufakis. Lafazanis was sacked from his post and Varoufakis resigned earlier this month. However, the revelations have been seized on by opposition parties who are demanding an explanation.

More News On The Greek Debt Crisis

Greece Made Preparations to Exit Euro -- NYT
Greece debt crisis: government ‘hatched plot’ for drachma return -- The Australian/The Times
Varoufakis reveals cloak and dagger 'Plan B' for Greece, awaits treason charges -- The Telegraph
Officials from Greece's creditors arrive in Athens to get bailout deal negotiations into gear -- AP
Greece debt crisis: Creditors in Athens for bailout talks -- BBC
Creditors back in Greece for bailout talks -- Deutche Welle
Greece crisis: Creditors demand hard reform as bailout talks resume -- Independent.ie
The Greek Warrior: How a radical finance minister took on Europe—and failed. -- Ian Parker, New Yorker

Update: Concerned About "Treason" Charges, Varoufakis Issues Public Statement On "Cloak And Dagger" Drachma "Plan B" -- Zdero Hedge

1 comment:

James said...

Re above photo:
Yanis: Look, look Alexis a drachma right over there!
Alexis: I don't know Yanis are you sure?
Yanis: Yeah, yeah I'm sure. I used to see them all the time at the cafe down in the agora during my school days.
Alexis: Do you think it has any friends with it?
Yanis: Don't know, we musn't frighten it. Oops there it goes, damn!