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MercoPress, en Español

Montevideo, April 25th 2024 - 05:32 UTC

Tag: Lehman crisis 2008

  • Tuesday, July 7th 2015 - 07:01 UTC

    Greek finance minister ousted because he favored a 'parallel currency'

    “If necessary, we will issue parallel liquidity and California-style IOU's, in an electronic form. We should have done it a week ago,” said Yanis Varoufakis

    Yanis Varoufakis, who was Greece's finance minister until Monday morning, was reportedly pushed from his job after he told a journalist that Greece could introduce a parallel currency in the weeks ahead. Cash is flooding out of Greek banks at the moment, and the government desperately needs money to make payments due later this month.