Varoufakis reveals cloak and dagger ‘Plan B’ for Greece, awaits treason charges

[Caption/Credit above photo:Yanis Varoufakis claims he had approval to plan a parallel banking system (Photo: Kostas Tsironis/Bloomberg)]

Former Greek finance minister Yanis
Varoufakis claims he was authorised by Alexis Tsipras to look into a parallel
payment system

 

A secret cell at the Greek finance ministry hacked into government computers and drew up elaborate plans for a system of parallel payments that could be switched from euros to the drachma at the “flick of a button”.

The revelations have caused a political storm in Greece and confirm just how close the country came to drastic measures before premier Alexis Tsipras gave in to demands from Europe’s creditor powers, acknowledging that his own cabinet would not support such a dangerous confrontation.

Yanis Varoufakis, the former finance minister, told a group of investors in London that a five-man team under his control had been working for months on a contingency plan to create euro liquidity if the European Central Bank cut off emergency funding to the Greek financial system, as it in fact did after talks broke down and Syriza called a referendum.

The transcripts were leaked to the Greek newspaper Kathimerini. The telephone call took place a week after he stepped down as finance minister.

Written by Ambrose Evans-Pritchard
Full report at The Telegraph

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