Ambrose Evans-Pritchard — Varoufakis reveals cloak and dagger 'Plan B' for Greece, awaits treason charges

Mike Norman Economics 2015-07-26

A secret cell at the Greek finance ministry hacked into the 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.…
You'll want to read the rest of this even though it is a nice Sunday and you have other things to do. This looks like the true story from Yanis. International intrigue.
The Telegraph Varoufakis reveals cloak and dagger 'Plan B' for Greece, awaits treason charges Ambrose Evans-Pritchard Also This is more complete than the Telegraph article based on it. Ekathamirini Varoufakis claims had approval to plan parallel banking system Xenia Kounalaki