Greece begins selling assets, could nationalize banks, as government scrambles to find cash - "Grexit" crisis heats up  The weakest nations in the Eurozone continue to get weaker, financially, and it seems there is no end in site as the entire continent’s economy remains moribund, save for industrial Germany. Nowhere is the economy worse than in Greece, where the socialist government has threatened to nationalize the country’s banks and cease payments on a bailout loan made just a few years ago to keep the it solvent. As reported by Britain’s Telegraph newspaper, in addition to bank nationalization, the government is making drastic plans to introduce a currency — the old drachma — parallel to the euro in order to pay its bills, unless the EU steps up, again, to ease its repayment demands. The paper further reported: Sources close to the ruling Syriza party said the government is determined to keep public services running and pay pensions as funds run critically low. It may be forced to take the unprecedented step of missing a payment to the International Monetary Fund. Syriza strode into power last year by promising to end the strict budgetary austerity imposed on Greece as a condition of getting a financial bailout of about $250 million in 2012. “We are a Left-wing government. If we have to choose between a default to the IMF or a default to our own people, it is a no-brainer,” said a senior official, The Telegraph reported. “We may have to go into a silent arrears process with the IMF. This will cause a furore in the markets and means that the clock will start to tick much faster,” the source continued. MORE