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fasttense

(17,301 posts)

10. Exactly Art

Reply to Art_from_Ark (Reply #6)

Sun May 27, 2012, 08:54 AM

May 2012

If you are a sovereign country and produce your own money, all you have to do is demand that taxes be paid in that money and everyone in your country will want that money.

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Highlight:

An Ultimatum for Greece - Europe Raises Threat Level against Athens [View all] FarCenter May 2012 OP

They are bluffing cthulu2016 May 2012 #1

Greece can't afford to stay on the euro. girl gone mad May 2012 #2

They need to get their Drachma printing press out of the museum and check that it still works (nt) Nye Bevan May 2012 #3

People with funds moved their Euros out. dkf May 2012 #4

Who will want drachmas? Art_from_Ark May 2012 #6

Only if you have no choice... dkf May 2012 #7

Which was essentially the gist of my post Art_from_Ark May 2012 #9

Exactly Art fasttense May 2012 #10

I'm not sure I heard right that the ECB might have to recapitalize if Greece refuses to pay its debt dkf May 2012 #5

Do what Ecuador did... default and then buy back old debt for pennies on the dollar... JCMach1 May 2012 #8