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Yanis Varoufakis is defending his secret plans to 'hack' Greece's financial-payments system

Former Greek Finance Minister Yanis Varoufakis has a piece in the Financial Times on Tuesday in which he defends his plans to "hack" his own finance ministry and create a mirror payments system, which could be used in the event of a banking collapse or Greek exit from the eurozone (Grexit). Show More Summary

The 10 most important things in the world right now

Hello! Here's what you need to know for Tuesday. 1. Chinese stocks are getting hosed again, with the benchmark Shanghai Composite Index falling 8.48%. 2. Former Greek finance minister Yanis Varoufakis says he wanted to "hack" the Greek tax system "without telling anyone" to "surreptitiously" transfer the country to the drachma. Show More Summary

Petronas-led Consortium to Start Construction of B.C. LNG terminal Soon

British Columbia's finance minister Michael de Jong said that the construction of Petroliam Nasional Bhd’s (Petronas) $36 billion liquefied natural gas (LNG) export

Varoufakis Had Secret Plans For A Parallel Greek Payment System

20 hours agoNews : Huffington Post

Greece's debt saga took an unexpected turn on Sunday, when Greek media reported that former finance minister Yanis Varoufakis had surreptitiously made plans throughout the year for the nation's potential exit from the eurozone. In aShow More Summary

Greece Launches Bailout Talks As Plan to Leave Euro Remains in Discussion

A recording of former Greek Finance Minister Yanis Varoufakis discussing a parallel currency plan was made public

Varoufakis Confirms 'Plan B' Payment System in Case of Grexit

Former Greek Finance Minister Yanis Varoufakis said there were plans to create a "Plan B" parallel payment system.

Greece Made Preparations to Exit Euro

The preparations for a possible exit from the euro began before the current leaders came to power, the former Greek finance minister said.

Here are the best bits of Yanis Varoufakis' conversation with global capitalists about his secret Grexit plans

Former Greek finance minister Yanis Varoufakis had planned to "hack" his own government's software and install a parallel system of payments as the first step to a Grexit (Greek exit from the euro). The transcripts were first published...Show More Summary

Obama to Varoufakis: 'I know — austerity sucks.' (GREK, EUR, EURUSD)

Former Greek finance minister Yanis Varoufakis says President Obama gets him. In a profile of Varoufakis in this week's New Yorker, Varoufakis recalls a conversation with Obama at the White House this spring in which Obama told him,Show More Summary

British PM starts Asia trip with big loan offer to Indonesia

JAKARTA (Reuters) - British Prime Minister David Cameron said on Monday his government would make available loans of up to 1 billion pounds to Indonesia to help finance infrastructure projects.

Kiev Expects IMF Loan of $1.7 Billion Next Week - Finance Minister Jaresko

Ukrainian Finance Minister said that Kiev is expecting the International Monetary Fund to make its decision to allot Kiev another loan tranche of $1.7 billion by the end of this week.

Yanis Varoufakis admitted his secret plan to hack the Greek state and bring back the drachma — and says his critics want him jailed for treason

Former Greek finance minister Yanis Varoufakis has confessed his part in plans for a parallel currency system to be introduced by hacking into the Greek finance ministry's software. Speaking to the Telegraph's Ambrose Evans-Pritchard,...Show More Summary

The eurozone could get its own finance minister and tax powers after the chaotic Greek talks

After months of chaotic negotiations between Greece and its European creditors, it's clear that pretty much no-one is happy with the way that the eurozone works. According to Reuters, reporting German magazine Der Spiegel's exclusive,...Show More Summary

Coalition MP breaks ranks on clean energy bank lending ban

Sarah Henderson asks Finance Minister to drop ban on CEFC financing wind and rooftop solar.

Greek Deputy Finance Chief Denies Parallel Payment System Plans

The Greek government had no "plan B" ideas for a parallel payment system, much less a move to the new drachma, Deputy Finance Minister Dimitris Mardas said Sunday.

Former Greek Finance Chief Reveals 'Plan B' Covert Parallel Payment System

Former Greek Finance Minister Yanis Varoufakis had developed a covert emergency payment system that would work by hacking into government servers in the event of bank closures forced by the European Central Bank (ECB), local media reported Sunday, citing a recorded conversation they obtained.

Joe Oliver says budget will be balanced despite PBO forecast

Finance minister says room was built into spring budget to account for economic downturn The post Joe Oliver says budget will be balanced despite PBO forecast appeared first on Macleans.ca.

Greece Faced Withdrawal From Eurozone Two Times - Varoufakis

Former Greek Finance Minister Yanis Varoufakis said that Greece was a tool to hold other “proud nations” hostage in Europe and make them follow imposed policies.

Too many still excluded - Nene

SA Finance Minister Nhlanhla Nene is pleased to see the SADC region building more equitable societies - but says more must be done. ||| Johannesburg - Despite the positive economic prospects of the SADC region, many people are stillShow More Summary

Schaeuble – The Man Behind The Throne

Submitted by Martin Armstrong via ArmstrongEconomics.com, It was about 20 years ago when Wolfgang Schäuble, current German Finance Minister, wrote his paper on the danger in the Eurozone reflecting on European policies, even describing his tough behavior towards Greece. Show More Summary

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