Sunday, July 26, 2015

Greece rocked by reports of secret plan to raid banks for drachma return - from TRUNEWS

Some members of Greece’s leftist-led government wanted to raid central bank reserves and hack taxpayer accounts to prepare a return to the drachma, according to reports that highlighted the chaos in the ruling Syriza party.

It is not clear how seriously the government considered the plans, attributed to former energy minister Panagiotis Lafazanis and ex-finance minister Yanis Varoufakis. Both ministers were sacked this month. However, the revelations have been seized on by opposition parties who are demanding an explanation.

The reports on Sunday came at the end of a week of fevered speculation over what Syriza hardliners had in mind as an alternative to the tough bailout terms Tsipras has reluctantly accepted to keep Greece in the eurozone.

About a quarter of the party’s 149 MPs rebelled over proposals to pass sweeping austerity measures in exchange for up to €86bn (£60bn) in fresh loans. Tsipras has been struggling to hold the party together.

In an interview with Sunday’s edition of the RealNews daily, Lafazanis said he had urged the government to tap the reserves of the Bank of Greece in defiance of the European Central Bank.

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