Greece’s Varoufakis ‘Hacked Own Tax Office’ to Build Parallel Currency System
Former Greek finance minister Yanis Varoufakis has confirmed that he masterminded a “parallel” currency system while in power, which could be switched from euro to drachma “at the flick of a switch.” The scheme involved a covert team of five, Varoufakis ordering them to break into his country’s own tax ministry’s computers to access Greek nationals’ tax details. “This was very well developed. Very soon we could have extended it, using apps on smartphones, and it could become a functioning parallel system,” he commented to UK newspaper the Telegraph. “The prime minister, before we won the....
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Earlier in July, Bitcoin Magazine reported that former Greek finance minister Yanis Varoufakis, who resigned after the Greek referendum on July 5, expressed his disappointment with the outcome of the Greek crisis. Now Kathimerini, a New York Times-branded daily newspaper published in Athens and distributed with the International New York Times in Greece and Cyprus, revealsthat Varoufakis was authorized by Greece's Prime Minister Alexis Tsipras last December to look into a parallel payment system that could eventually work as a parallel banking system. Before becoming Finance Minister,....
The Finance Minister of Greece’s new radical left-wing government, while at the center of anti-austerity financial policy, is in no way optimistic about Bitcoin, it has emerged. In an article on his website blog from April 2013, Yanis Varoufakis discusses the “impossibility” of a decentralized currency being controlled “apolitically,” and describes this as a “dangerous fantasy.” He stated: “[T]here can be no de-politicized currency capable of ‘powering’ an advanced, industrial society.” Varoufakis has inherited Europe’s worst-performing economy, and will seek to end the austerity measures....
According to former Greek Finance Minister Yanis Varoufakis, prior to making a deal with European creditors, he was authorized to find an alternative way to keep the country's financial health in good standing. He assembled a team, and together they hacked into his own Ministry and got the taxpayer database along with other sensitive information. They intended to create Euro liquidity for Greece one way or another. Varoufakis admitted as much recently in London, according to the Telegraph. He also told them: The context of all this is that they want to present me as a rogue finance....
With the details of the deal struck by Greece still hidden from the public, former Greek Finance Minister Yanis Varoufakis spills the beans on what really happened behind closed doors, and how Greece was never supposed to get above water again. A week after he resigned as Greece’s Finance Minister, Yanis Varoufakis had very little to say that is positive about the ordeal in an hour-long interview with The New Statesman. He spent five months working on a deal with the ECB, the European Commission and the IMF, otherwise known as “The Troika.” Like fighting a three-headed monster with a dull....
Blockchain technology firm Tembusu Systems has hit back at claims Greek finance minister Yanis Varoufakis' role as its advisor represents a "conflict of interest" for the politician. On Monday Greece's weekly paper Proto Thema produced emails from a company representative claiming Professor Varoufakis was still "affiliated to Tembusu in an advisory role" as recently as March 2015. This role "raises legitimate questions about a conflict of interest in Varoufakis' support of an extreme albeit innovative method for financial transactions," the paper said. In a statement posted online, Tembusu....