Replies

To: House Atreides

They can do like Obama and simply print more money.

9 posted on 01/26/2015 1:08:54 PM PST by Blood of Tyrants (Good Muslims, like good Nazis or good liberals, are terrible human beings.)

To: Blood of Tyrants

Except that nobody would take that printed Greek money. It would become about as worthless as Zimbabwe currency...if that’s possible.

11 posted on 01/26/2015 1:12:48 PM PST by House Atreides (CRUZ or lose!)

To: Blood of Tyrants

“They can do like Obama and simply print more money.”

As many have noted today, Tsipras now leads the Greek Central bank. They are authorized to print Euros.

If he decides to fire up the presses and print Euros as some kind of a stimulus, it could really crash the Euro. A real “Nuclear Option”.

And Greece doesn’t actually have to start making any payments on it’s latest zero-interest debt until 2022.

15 posted on 01/26/2015 1:16:35 PM PST by tcrlaf (They told me it could never happen in America. And then it did....)

To: Blood of Tyrants

They can do like Obama and simply print more money.

IIRC, the Drachma no longer exists. That means they leave the Euro. Who will then take payment in Drachmas?

50 posted on 01/26/2015 9:54:50 PM PST by Carry_Okie (Those who profess noblesse oblige regress to droit du seigneur.)

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