28 July, AtoZForex.com, Lagos – Ex-Greece finance minister, Yanis Varoufakis has been in the press for numerous reasons lately. The latest of which involves his acknowledgement to his part in plans for a parallel currency system to be introduced by hacking into the Greek finance ministry’s software.
In an extensive interview with the Telegraph, Varoufakis said he had been given “the green light to come up with a Plan B” by Prime Minister Alexis Tsipras. As Varoufakis admits plan to hack the Greek state, he also clarified that it was not his intention for the country to exit the Eurozone.
He also claimed that the publishing of this plan was all part of a propaganda to foil the new government’s efforts, stating that: “all part of an attempt to annul the first five months of this government and put it in the dustbin of history,” and that his political enemies wanted “to present me as a rogue finance minister, and have me indicted for treason.”
The plan was for the parallel liquidity system to initially issue IOUs from the Greek government that would have been officially worth one euro. He further explained in his interview with the Telgraph that:
“This was very well developed. Very soon we could have extended it, using apps on smartphones, and it could become a functioning parallel system. Of course this would be euro denominated but at the drop of a hat it could be converted to a new drachma,” he said…
“I always told Tsipras that it will not be plain sailing but this is the price you have to pay for liberty,” he told the Telegraph.
“But when the time came he realised that it was just too difficult. I don’t know when he reached that decision. I only learned explicitly on the night of the referendum, and that is why I offered to resign,” he said. Mr Varoufakis wanted to seize on the momentum of a landslide victory in the vote but was overruled.
Other plans to rescue the nation from its dire situation included a tap into the nation’s bank reserves. Energy minister Panagiotis Lafazanis was reportedly in favor of going into the reserves held at the Bank of Greece, Athens’ wing of the European Central Bank, to pay wages and pension — an action that would have sent the rest of the eurozone frantic.