Greece
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Plan B

Defiant Varoufakis Ready to Face 'Even Martial Court' Over Plan B

Undeterred over the controversy surrounding the new disclosures over the system of a parallel currency that was apparently considered by the government of Alexis Tsipras in 2015, Yanis Varoufakis said that he is ready to face any court to...

Former Tsipras' Partners Join Forces Against Austerity in Greece

Former SYRIZA minister Panagiotis Lafazanis and Alexis Tsipras' mentor Alekos Alavanos are to join forces in a new anti-euro, anti-austerity party. After leaving the ruling party in July 2015, Lafazanis along with other SYRIZA defectors formed Popular Unity, an anti-EU...

Greek ND Leader Rules Out Coalition Government With Greece's Left

Greece's main opposition leader, Kyriakos Mitsotakis, ruled out all prospects of cooperation with the left-wing SYRIZA government and current Greek Prime Minister Alexis Tsipras. In an interview published in German daily newspaper Deutsche Welle on Friday, he made it clear that there was...

Varoufakis Reacts to Criticism on the 1-Year Anniversary of the Greek Referendum

A year since the anniversary of the Greek Referendum on July 5, 2015, when Greeks rejected the terms of the bailout conditions that were subsequently imposed on the country anyway, American economist James Galbraith explained Plan B for Greece that had been drafted...

Bild: EU Official Points to Plan B Should EU-Turkey Refugee Deal Fall Through

German tabloid Bild reports on the existence of Plan B to deal with the refugee crisis should the deal between Turkey and the European Union fall through. The alternative plan examines the restriction of migrant flows without the participation...

Greek Prosecutor Drops Case Against Varoufakis's Plan B

The public prosecutors' department announced on Tuesday, its decision to shelve an investigation into former Greek finance minister Yanis Varoufakis over an alleged plan to introduce an alternative currency to Greece, also dubbed 'Plan B'. It said the decision to drop...

Varoufakis: I Won't Support Tsipras, But I Hope We'll Remain Friends

Greece's outspoken former finance minister Yanis Varoufakis said that he will not support SYRIZA and Alexis Tsipras in the upcoming elections, but he hopes they will remain friends. Speaking to CNBC on Friday morning, Varoufakis said he doesn't believe in...

New Democracy Raises Questions Following Greek PM's Plan B Comments

Greek main opposition New Democracy was not satisfied with Greek Prime Minister Alexis Tsipras' responses to questions about former Finance Minister Yanis Varoufakis' Plan B for the Greek economy. Earlier on Friday, Tsipras admitted he had asked Varoufakis to look into alternative solutions in...

Greek PM Tsipras Reveals He Had Knowledge of Varoufakis' Plan B

Yanis Varoufakis was not acting behind his commander's back. Speaking in parliament on Friday, Greek Prime Minister Alexis Tsipras unequivocally admitted that he knew of the former Finance Minister's now infamous Plan B. "Of course, Ms. Gennimata. Obviously, I had personally given the...

Paul Krugman: Greece's Plan B Is No Shock

Nobel Prize winning economist Paul Krugman questioned the surprised reaction many have had to reports that the Greek Finance Ministry was considering an alternative plan for the country's economy. "I mean, really: it would have been shocking if there weren’t contingency plans. Preparing...