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Grexit 4.0? Varoufakis Urges Tsipras: Ditch Negotiations, Adopt "Parallel System"

From zerohedge.com

Former finance minister Yanis Varoufakis strikes back and, as KeepTalkingGreece reports, urges Prime Minister Alexis Tsipras to turn his back on Greece’s lenders, adopt a parallel payment system and to unilateral restructure the loans held by the European Central Bank. In an op-ed in Efimerida ton Syntakton, Varoufakis, Varoufakis calls on Tispras to prepare for break with creditors in order to avoid rupture. “This two-pronged preparation is the only way to prevent another excruciating retreat by the prime minister in the short term and [German Finance Minister Wolfgang] Schaeuble’s plan in the long term,” Varoufakis ... (full story)

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