Greece Contemplates Nuclear Options: May Print Euros, Launch Parallel Currency, Nationalize Banks
by Tyler Durden
ZeroHedge.com
07/05/2015
According to Telegraph’s Ambrose Evans Pritchard who quotes what appears to be a direct quote to him from Yanis Varoufakis, Greece will, “If necessary… issue parallel liquidity and California-style IOU’s, in an electronic form. We should have done it a week ago.” Hardliners within the party – though not Mr Varoufakis – are demanding the head of governor Stournaras, a holdover appointee from the past conservative government. They want a new team installed, one that is willing to draw on the central bank’s secret reserves, and to take the provocative step in extremis of creating euros.
The Rest…HERE
