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  Economics 
3 of April, 12:59

Greece made the transition to the drachma
The Greek government has prepared a concrete project on the nationalization of the banking system and parallel with the introduction of the Euro currency. It is reported by the English newspaper the Telegraph citing anonymous sources in the ruling party SYRIZA.

The project will be implemented, if Athens will not be able to come to an agreement with Europe on the programme of economic assistance. In this situation, the government did not provide funds for the fulfillment of social obligations. The newspaper reported that it will force the authorities to return to the drachma, which was taken out of circulation in 2001 after joining the Eurozone. Specifically in drachmas and is expected to pay pensions and salaries to the Greeks.

"We left the government. At the moment we have 2 powers: to declare a default on its debts to the IMF or to declare a default on its obligations to its people. Our choice is undeniable," said the newspaper. He suggests that German Chancellor Angela Merkel will be able to help Greece out of the crisis.

on 1 April the Minister of internal Affairs of Greece Nikos Voutsis announced that his power misses a payment on the debt to the IMF on April 9, in the event you do not receive additional funds in consequence of the turn. According to his statement, Athens remained for a fortnight, but priority will be salaries and pensions, and are not debts.

on 18 March, the European Commissioner for Finance and economic Affairs Pierre Moscovici made a Greek withdrawal from the Euro. American player George Soros believes that the chances of powers to leave the Eurozone are 50/50.

Earlier, the Index of a Euro area breakup (EBI), which is calculated on the basis of a sample survey of investors, limit since March 2013. 38 percent of respondents expressed the belief that a monetary Union will break throughout the year.

February 24, Eurogroup extend the program of cash assistance to Athens until June 2015. With all this, the Greek government is unwilling to negotiate a full-fledged economic support from the EU and IMF, because it requires the implementation of the austerity.

The total debt of Greece to creditors is 320 billion euros.

sections: Economics, World News

102013
eng
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