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Greece draws up drachma plans, prepares to miss IMF payment


Greece is drawing up drastic plans to nationalise the country's banking system and introduce a parallel currency to pay bills unless the eurozone takes steps to defuse the simmering crisis and soften its demands.
#Greece #BOA #Austerity #Left #Banks #Default #Eurozone #Syriza #Debt

Via @David Scott

http://www.telegraph.co.uk/finance/economics/11513341/Greece-draws-up-drachma-plans-prepares-to-miss-IMF-payment.html

Telegraph.co.uk: Greece draws up drachma plans, prepares to miss IMF payment (Ambrose Evans-Pritchard)

"We may have to go into a silent arrears process with the IMF. This will cause a furore in the markets and means that the clock will start to tick much faster," the source told The Telegraph. Syriza's radical-Left government would prefer to confine its dispute to EU creditors but the first payments to come due are owed to the IMF .
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