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Tuesday, July 14, 2015

Varoufakis Interview - Grexit Planned

As per The New Stasman Varoufakis was prepared to do three things:

- issue euro-denominated IOUs;
- apply a “haircut” to the bonds Greek issued to the ECB in 2012, reducing Greece’s debt;
- and seize control of the Bank of Greece from the ECB.

All nixed, thus he resigned.

However, he is doubtless busy writing his book!

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