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Alavanos launches pro-drachma party

Former Syriza leader launches Plan B to leave the euro

Alekos Alavanos at the launch of Plan B Alekos Alavanos at the launch of Plan B Veteran left-wing politician and former Syriza leader Alekos Alavonos launched a new political party favouring the Greece's return to the drachma on Thursday.

Despite strong public support in the country for the euro, Alavanos announced the formation of the Plan B party – arguing that the austerity programme has caused lasting damage and that membership of the 17-strong eurozone is no longer in the national interest.

A recent survey published in the Ethnos newspaper found public support for remaining in the euro at 63.5%, in stark contrast to a similar poll in Cyprus during the bailout negotiations where 67% reportedly supported leaving the currency.

The 63-year-old Alavanos headed Syriza between 2004 and 2008, when he was succeeded by Alexis Tsipras. 

Tsipras on Wednesday reaffirmed his party's position that Greece must remain in the euro but renegotiate – or even abandon – the memorandum outlining its bailout terms.

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Alekos Alavanos