Varo­ufakis ad­vice.

Kathimerini English - - Front Page -

For­mer fi­nance min­is­ter Ya­nis Varo­ufakis has called on Prime Min­is­ter Alexis Tsipras to turn his back on Greece’s lenders, adopt a par­al­lel pay­ment sys­tem that he was re­spon­si­ble for de­sign­ing in 2015, and to uni­lat­er­ally re­struc­ture the Euro­pean Cen­tral Bank loans it holds. “This two-pronged prepa­ra­tion is the only way to pre­vent an­other ex­cru­ci­at­ing re­treat by the prime min­is­ter in the short term and [Ger­man Fi­nance Min­is­ter Wolfgang] Schaeu­ble’s plan in the long term,” Varo­ufakis wrote in an op-ed in Efimerida ton Syn­tak­ton on Satur­day. In his ar­ti­cle, Varo­ufakis sug­gested that Schaeu­ble’s strat­egy is to lead Greeks to the point of ex­haus­tion so they ask to leave the euro them­selves.

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