Earlier, revelations by Greece’s flamboyant former Finance Minister Yanis Varoufakis of secret plans for a parallel currency had earlier sparked uproar. “It is necessary to secure that this “game” won’t happen again during coming discussions about the form of the third aid package for Greece”.
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Despite the fact that this is the first time that a minority government is formed since the restoration of the democratic regime in 1974, it is unlikely that the opposition will submit a vote of no confidence against the SYRIZA-led government. The Slovak Foreign Ministry refused to comment on the case.
“This would have created a parallel banking system, which would have given us some breathing space, while the banks would have been shut due to the ECB’s aggressive policy”, Varoufakis was quoted as saying.
A Greek Finance Ministry official said the heads of the European Commission and worldwide Monetary Fund delegations would arrive on Wednesday for talks on a third bailout program to keep Greece afloat in the euro zone.
Varoufakis: Greece will exit the euro, “nothing is over”
. These efforts are supported by the other main opposition parties, Pasok and To Potami (The River).
Mr Varoufakis approved the publication of the recorded meeting after it was leaked to a Greek newspaper. Such financing would also be conditional on Greece’s parliament passing another set of tough economic overhauls, at a time when the Greek premier is trying to stop his leftist Syriza party from falling apart.
After an initial debt deal struck on July 13 and the ratification of reforms by parliament, Tsipras aims to seal the agreement by August 20 when Athens needs to make a new debt repayment to the European Central Bank.
Lafazanis, leader of a hardline faction in the ruling Syriza party that has argued for a return to the drachma, said the move would have allowed pensions and public sector wages to be paid if Greece were forced out of the euro.
Without the money from the expected three-year bailout totaling around 85 billion euros, Greece would be unable to make that payment a development that would likely trigger fresh fears over the country’s future in the euro.
The instruction came from Tsipras in December, a month before the Syriza victory in the January general election. With Greek banks operating under capital controls and the worldwide standing of Athens damaged after months of acrimonious talks with creditors, largely overseen by Varoufakis, calls are also growing for the academic-turned-politician to be tried for high treason.
In the 23 minute conversation, Varoufakis said they had worked to create an electronic payment transfer method by using the tax system, but did so without the tax minister’s knowledge because this person was “fully controlled by the Troika”.
Greece has relied on bailout funds for a little more than five years after being locked out of worldwide bond markets. Greeks can only withdraw up to 420 euros ($464) a week.
They strike fiscal task tough and owned unemployment to document peacetime peaks although measures considerably contained budget overspending. And because the Greek economy is around 25 percent smaller than it was, the country’s debt burden has increased to around 170 percent of Greece’s annual GDP.
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Nevertheless a direct cutin the amount payable is off the schedule, some type of debtrelief for Portugal is upward regarding settlement.
