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May 20, 2013

Plan B to take Greece to drachma - Enet English

"Plan B, as the party is called, is the brainchild of Alekos Alavanos, the former leader of Syriza. "Greece is a now a country with no achievement. It’s a society that has lost its self-confidence and its perspective for the future," Alavanos told EnetEnglish. "We cannot wait one day," he said, "Because Greece is dying. There is a generation of people who have never known work. Young people are starting to forget what they studied." Unemployment for the 18-24 age group now stands at 64 percent.

Alavanos believes that Greece can only rebound under a devalued currency, because the euro is making Greek products and services expensive to overseas buyers and to other Greeks. "There is not even one example in the last century of a developed country like Greece that has been in a recession, in a depression, to find its way out with a hard currency. Now we have as our own currency the currency of the Germans," he says.

...Alavanos led Synaspismos, the main party in Syriza, and paved the way for his nephew, Syriza's current leader, Alexis Tsipras, to rise to the top. But the two had a falling out in 2010 over whose protege would carry the nomination for Athens prefect in the local elections, and Alavanos lost out. He now believes that Syriza has left voters without any real alternative to austerity by compromising too far with the troika... "


The Drachma

Plan B - return to Drachma with Alekos Alavanos - May 2013

Talk of default / Drachma rebirth heats back up - March 7, 2011

Rumors of Drachma return grow - Nov 2, 2011

Could the drachma save Greece? - June 6, 2010


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