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Yanis Varoufakis Was Kicked Out for Saying Greece Should Introduce a Parallel Currency
Monday, July 6, 2015 10:35
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by Mike Bird
Business Insider
ATHENS, Greece — Yanis Varoufakis, who was Greece’s finance minister until Monday morning, was reportedly pushed from his job after he told a journalist that Greece could introduce a parallel currency in the weeks ahead.
Cash is flooding out of Greek banks at the moment, and the government desperately needs money to make payments due later this month.
It requires euros for some things (including debt repayments to the European Central Bank), but it could pay government workers and pensioners in some sort of scrip that retailers would be legally obliged to accept.
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Source: http://financialsurvivalnetwork.com/2015/07/yanis-varoufakis-was-kicked-out-for-saying-greece-should-introduce-a-parallel-currency/?utm_source=rss&utm_medium=rss&utm_campaign=yanis-varoufakis-was-kicked-out-for-saying-greece-should-introduce-a-pa
