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In reply to the discussion: Europe's big guns warn Greek voters that a no vote means euro exit [View all]hack89
(39,181 posts)the Venezuelan economy is shutting down because they lack the foreign reserves to supply companies with the dollars they need to buy goods and material in the global economy. When you look at Greece's foreign reserves, you see alarmingly low levels, which is what what one would expect from a bankrupt country. How are Greek companies going to get the dollars and euros they need to participate in a global economy? No one is going to accept drachmas. And if the Greeks try to keep the drachma artificially high to maintain people's buying power, all they will do is trigger inflation that impoverishes everyone.
Here is a list of EU sanctions. Most are arms and weapons related. As for the rest, resting their economic hopes on Russia, Egypt, Iran and North Korea is risky to say the least.
http://www.bscn.nl/sanctions-consulting/sanctions-list-countries