With speculation swirling that Greece might be forced out of the euro and have to print its own money after a weekend referendum, its finance minister on Thursday said the country no longer had the presses to make drachmas.
“We don’t have the capacity,” Yanis Varoufakis told Australian public radio network ABC.
In 2000, the year before Greece joined the eurozone, “one of the things we had to do was get rid of all our printing presses” as part of the bloc’s assertion that “this monetary union is irreversible,” he said.
“We smashed the printing presses — we have no printing presses,” Varoufakis said.
Greece’s government last week called the rush referendum for this coming Sunday.
It says the consultation is narrowly about whether the country should accept harsh austerity measures in return for a bailout from international creditors that expired on Tuesday.
Prime Minister Alexis Tsipras and Varoufakis are calling for a ‘No’ vote.
But leading eurozone nations Germany, France and Italy say the plebiscite is really about whether Greek citizens want to keep the euro or not.
Guilfoyle’s positive COVID-19 test a ‘set-back’ for troubled Trump campaign trying to brush off pandemic fears: report
According to the Washington Post, the report that top Donald Trump 2020 campaign official, and girlfriend to Don Trump Jr., Kimberly Guilfoyle has tested positive for COVID-19 is not only a setback for the president's troubled campaign but also a stark reminder that the coronavirus is still spreading rapidly despite the president's denials.
Conservatives are freaking out over the NFL playing “The Black National Anthem” before games
In a performative gesture that does nothing to discourage police from killing Black people, the National Football League has decided to jump on the feel-good Black-ally bandwagon and play "Lift Ev'ry Voice and Sing" (aka. the Black National Anthem) at the start of every week one game when the season opens on September 10.
The song, which was written in 1900 and set to music in 1905, will reportedly play before the usual national anthem, "The Star-Spangled Banner", and will be presumably be all but forgotten by the NFL after one week.
Predictably, conservatives on social media are using the hashtag #BoycottNFL to express their displeasure:
GOP lawmaker hammered on CNN for ‘idiotic’ claim the economy is too healthy for a new stimulus
On CNN Saturday, financial columnist Michelle Singletary ripped Sen. Bill Cassidy (R-LA) for claiming that the economy may be too good right now for another round of stimulus.
"Do you get the sense that the economy is recovering? And that these check wills not be needed?" asked co-anchor Christi Paul.
"No, I do not get the sense that the economy is recovering," said Singletary. "I mean, we see now with the cases increasing, businesses have to close down again and also people are panicked, so they are staying home because they don't want to be out there and catch it. So this idea that this aid is still not needed, that we're, you know, all happy now, is just not true. It is a false narrative. And it is gonna hurt a lot of people in this country."