In the newscast in skai in 17/4/15 I pointed out that recessionary measures do not include only cuts in salaries and pensions but also the internal pause of paying (internal default in other words) that has been taking place in the Greek economy.

In addition, I referred to the IoU bonds for which there has been an intense discussion lately. I stressed that the very moment they appear, they will be devalued vis a vis the euro at least by 50% and they will lead to internal currency. This practically leads to two groups of Greeks, those having euros in their possession and those having only IoUs; the first group will be empowered and the latter will fall in poverty.