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| Re: EUEUEUEUEU turning Greece into ''Protectorate'' by Germany's orders (914614) | |||
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Re: EUEUEUEUEU turning Greece into ''Protectorate'' by Germany's orders |
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Posted by SMAZ on Wed Feb 29 13:24:12 2012, in response to Re: EUEUEUEUEU turning Greece into ''Protectorate'' by Germany's orders, posted by Kew Gardens Teleport on Wed Feb 29 08:22:50 2012. Those colonels are long retired.Greece would do a classic default (rather than the managed one they are now doing) and unhinge from the euro and go back on the drachma if it came to that. The current managed default should have been done in a manner where they'd leave the euro anyway and return to the drachma at about 70% of its current peg. The firewall could have then been used to stabilize it within that range. |
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