eKathimerini — European Economic and Monetary Affairs Commissioner Pierre Moscovici has turned down a request from former Greek minister Anna Diamantopoulou for Brussels to make public the emergency plan it drafted in the summer of 2015 for the possibility of a Greek exit from the eurozone.
Diamantopoulou, who also served as a European commissioner between 1999 and 2004, wrote to Moscovici earlier this year following a revival of Grexit speculation and asked for the plan to be published so Greeks could be aware of the dangers involved.
However, Moscovici suggested in his response, which Diamantopoulou received a few days ago, that publishing the draft would simply fuel damaging speculation and would not be in the public interest as it would endanger financial, monetary and economic stability in Greece. He also said that the document contains some highly sensitive issues.
Parts of the plan, which is said to include emergency humanitarian aid for Greece, were discussed at the College of Commissioners in Brussels a few days before the July 5 referendum in 2015.
“In our view, the public interest is best served when citizens know the whole truth about issues that affect their future,” Diamantopoulou, who now heads the Diktyo think tank, told Kathimerini. “When knowledge is absent, speculation, fear and populism flourish and we are left to watch the support for the euro wane day by day, while that for the drachma rises.”
It is worth remembering that in May 2014, just before the European elections, FT’s Peter Spiegel revealed the existence of Europe’s secret plan, codenamed Z, about how to handle Grexit. The plan has been in existence since 2012 – when there were fears that Syriza might win the election. Plan Z was taken out of the filing cabinet, dusted and revamped by Dr Schaeuble when in 2015 Syriza came into power.
Varoufakis was not the only one with a plan B for Grexit – Europe’s secret plan Z
