Greece Has Plan B – Panos Kammenos

Posted by ETFalpha ⋅ February 10, 2015 ⋅ Leave a comment

Filed Under $EZU, $FEZ, $FXE, $HEDJ, Austerity, bailout, ECB, Euro, European Central Bank, Eurozone, Greece, Greek economy, GREK, Grexit, Independent Greeks, Panos Kammenos, Plan B, Syriza

So far Greece has not managed to secure a new debt agreement with the Eurozone.

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Panos Kammenos, the Greek Defence Minister, suggested that his country is willing to consider different options. He indicated that Greece could look for help outside of the Eurozone.

On Tuesday, during one of the Greek television shows, Kammenos said “What we want is a deal. But if there is no deal and if we see that Germany remains rigid and wants to blow apart Europe, then we have the obligation to go to Plan B. Plan B is to get funding from another source“. As potential candidate countries to help with funding he indicated the United States, Russia and China.

The Eurozone has shown no willingness to ease its requirement with respect of further austerity measures and economic reforms. On Wednesday last week the European Central Bank (ECB) announced that it would no longer accept Greek government bonds and government-guaranteed debt as collateral [Euro Bankers Kick Syriza In The Face – The Latest Assault On Greek Democracy – OpEd].

Mr Panos Kammenos is the leader of Independent Greeks, an anti-bailout party that is the coalition partner of the radical left Syriza party.

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