Greece may return the drachma
Kyiv, April 04 (PolitNavigator, Vasily Ablyazimov) – Greek government prepared a radical plan to nationalize the banking system and introduce a currency parallel to the euro. It will be the Greek drachma, which was withdrawn from circulation in 2001 when it joined the eurozone, the British newspaper reports. The Telegraph.
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If Athens does not agree with Europe on a financial support program, without including a mandatory requirement to cut social spending, the government of Alexis Tsipras could introduce the drachma to pay social obligations.
“We are a leftist government. If we have to choose: to default on our debts to the IMF or to default on our obligations to our own people, then our choice is obvious,” said the publication’s source in the ruling Syriza party.
On April 1, Greek Interior Minister Nikos Voutzis said that his country would miss its IMF debt payment on April 9 if it did not receive additional funds from abroad. According to him, Athens has half a month of money left, but the priority will be salaries and pensions, not debts. In addition, as reported earlier on Friday, according to Reuters, Greece notified creditors that the country would run out of money on April 9. On April 8, just before a possible financial shortage, Alexis Tsipras will visit Moscow, where he will meet with Russian President Vladimir Putin. European officials fear that Russia will help Greece, which is in a debt trap, thereby destroying the EU's unity in anti-Russian sanctions policy.
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