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Oliver Sedlacek
03/02/12 04:39
Read: 358 times
Uk


 
#186352 - I don't agree
Responding to: Stefan Kanev's previous message
Reverting to the Drachma will allow the Greeks to devalue their currency and devalue their debts. They will then also be able to set interest rates to suit their economic state and try and damp down boom/bust cycles. Here in the UK the independant Pound and central bank have achieved this with a reasonable degree of success.

The key has to be a controlled and managed transition, that can be explained to the electorate. The current austerity measures are politically unpopular, and probably unenforceable.

I happen to know that Drachmas are being printed and stock exchanges are testing their Drachma trading systems, so it really wouldn't come as a surprise to the investment and banking institutions.

List of 21 messages in thread
TopicAuthorDate
Greece Crisis      Satish S Munot      02/29/12 13:06      
   when        Erik Malund      02/29/12 14:42      
      do you mean      AP Charles      05/19/12 00:24      
   Well, ...      Andy Neil      02/29/12 15:33      
      Insufficiant effort      Satish S Munot      03/01/12 00:12      
         war?      Stefan KAnev      03/01/12 02:13      
         war wouldn't solve the problem      Richard Erlacher      03/01/12 06:58      
            War?      Per Westermark      03/01/12 07:22      
               Capital of Greece?      Murray R. Van Luyn      04/29/12 03:06      
   As always...        Kai Klaas      02/29/12 16:23      
      Devaluation of money      Per Westermark      02/29/12 17:01      
         That's exactly the solution ... however ...      Richard Erlacher      02/29/12 20:33      
            Social progress and change is often slow      Per Westermark      03/01/12 03:01      
               (SP)Stander & Poor Ratting      Satish S Munot      03/01/12 10:49      
            return to the Drachma will be cathastrofic      Stefan KAnev      03/01/12 11:38      
               ??      Kai Klaas      03/01/12 13:30      
                  You are right,Kai      Stefan KAnev      03/02/12 00:27      
               I don't agree      Oliver Sedlacek      03/02/12 04:39      
      austerity      Andy Peters      03/03/12 19:34      
         from what I've gleaned from the news ...      Richard Erlacher      03/04/12 08:20      
      New Testament      John D. Maniraj      03/06/12 08:25      

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