"If The Fool persists in his Folly he will become wise." - William Blake
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Euro Slides After Reports Troika Is Preparing Greek Plan B, C, & D Including Parallel Currency
Earlier we detailed reports that The IMF was preparing a contingency plan in the event of a Greek default, and furthermore that Andrea Merkel was under increasing pressure to "let Greece go," and now, as Eurogroup ministers begin to gather for today's crucial 'deal-or-no-deal' meeting, Die Welt reports The Troika has 4 scenarios for Greece - one positive and three increasingly negative ranging from the need for further bailouts to paying staff in IOUs and issuing a parallel currency. While Austria's Hans Jorg Schelling sticks to his statement that: "There's nothing to it The Plan B was not discussed.." It ... (full story)
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