Friday, 10 July, 2015 – 10:27
Yanis Varoufakis, has resigned. In one of his last pronouncements as Greek Finance Minister, Varoufakis said the idea that Greece could print Drachmas was a fallacy. He is reported as having said “we destroyed all the presses.”
While he might be right in one respect, that of printing actual Drachma notes, he’s fundamentally wrong in another. There is an option that would fix much of the crisis – although it’s one that would cause the EU to have a major fit.