The EU’s Secret Plan for a Catastrophic Grexit

Bloomberg Quint | Jun 14, 2019 at 4:01 AM
  • The top-secret plan had been filed away in 2012, the previous time Greece had teetered on the edge of default.
  • At that point, Greece owed €342 billion ($387 billion in current dollars) to the European Financial Stability Facility, the European Central Bank, the European Investment Bank, and other euro zone governments and banks.
  • As the Plan B team was mapping out the legal, financial, and technical details, a separate team at the European Commission’s Secretariat-General worked on humanitarian aid.