Former Greek Finance Chief Reveals ‘Plan B’ – 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.

ATHENS (Sputnik) – Varoufakis allegedly disclosed the so-called parallel payment system in a July 16 teleconference between hedge fund leaders organized by former British Chancellor of the Exchequer Norman Lamont.

“The prime minister [Alexis Tsipras] before he became PM, before we won the election in January, had given me the green light to come up with a Plan B,” Varoufakis said as quoted by the Kathimerini publication.

The plan included setting up secret reserve accounts attached to every tax file number and providing PIN numbers for taxpayers to carry on online payments and exchanges.

“There has to be some parallel payment system by which to keep the economy going for a little while, to give the population the feel that the state is in control and that there is a plan.”

“We decided to hack into my ministry’s own software program in order to be able break it up just to copy the code of the tax systems website.”

Full article: Former Greek Finance Chief Reveals ‘Plan B’ – Parallel Payment System (Sputnik News)

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