Tuesday, July 14, 2015

Varoufakis: ‘Greece Was Working on a Drachma Plan’

Varoufakis gave an extensive interview to Harry Lambert for the NewStatesman, released on July 13, in which he gives his own account of his 5 month term in office.

One of the most insightful points of the interview comes when Varoufakis admits that he had been “absolutely” thinking about a Grexit scenario since he assumed office — but was not exactly preparing for it.

“We had a small group, a ‘war cabinet’ within the ministry, of about five people that were doing this: so we worked out in theory, on paper, everything that had to be done [to prepare for/in the event of a Grexit]. But it’s one thing to do that at the level of 4-5 people, it’s quite another to prepare the country for it. To prepare the country an executive decision had to be taken, and that decision was never taken,” he said.

Varoufakis added that he did not want to instigate a Grexit but was willing to begin the process if banks had to be shut down .... http://greece.greekreporter.com