Brussels Edition: How to Leave the Euro

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As Italy toys with the idea of a parallel payments system, known as mini-BOTs, a cautionary tale from the euro area’s recent history shows how a similar system was due to work as an exit ticket for Greece from the currency bloc. There is a blueprint with four chapters on how to leave a union which is supposed to be irreversible. The 157-page plan on how to manage Grexit, not seen until today — even by most government leaders, senior officials and mandarins — is revealed in a new book by our very own Viktoria Dendrinou and esteemed friend and competitor Eleni Varvitsioti. Here’s a taste of the EU’s top-secret plan B, including its cryptic code name.