BUSINESS

Greece has no plans to issue parallel currency, says Tsakalotos

TAGS: Referendum, Finance

Greece's government is not considering printing a new currency, a government official said on Sunday, after opinion polls showed that Greeks are set to reject an aid package from creditors in a referendum.

"We are not discussing a parallel currency," Euclid Tsakalotos, the coordinator of negotiations with the country's creditors, told Star TV. "I do not think...that they are going to throw us out. We are ready to meet them as early as tonight."

Eurozone policymakers have warned a "no" vote would make it difficult for the European Central Bank to offer Greek lenders the emergency financial assistance they rely on.

[Reuters]

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