Posted on 07/05/2015 9:10:39 PM PDT by catnipman
"If necessary, we will issue parallel liquidity and California-style IOU's, in an electronic form. We should have done it a week ago," said Yanis Varoufakis, the finance minister.
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Syriza sources say the Greek ministry of finance is examining options to take direct control of the banking system
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They want a new team installed, one that is willing to draw on the central bank's secret reserves, and to take the provocative step in extremis of creating euros.
"We have to restore stability to the system, with or without the help of the ECB. We have the capacity to print €20 notes," said one.
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(Excerpt) Read more at telegraph.co.uk ...
I think you are correct.
“If Greece went back to the drachma, would it be worth the same as the Soviet ruble during the Cold War? The equivalent of Monopoly money in the international markets?”
Or less.
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