” Excuse me for asking but how would they attempt to do that? Print Euros? “
Obama’s Stash!!!
(I don’t think he’s quite bankrupted my great-great-great grandkids yet, so he’s got a little bit extra left...)
Who is Dallara, what is the IIF, and why should I give any credence to what he says?
I’ll give the story a “C-”
And to answer the question, they’d raise taxes on the Germans. Or force the non Euro EU countries (UK) to join the Eurozone.
My own view, apropos of nothing, is that a Greek exit from the Euro would badly weaken the Euro, strengthen the dollar, and kick the bloody crap out of gold and silver. (and I am a bull on those metals) But it could take $200-$400 out of gold.
However I *do not* think that ass-kicking would be permanent, and that it would be entirely possible for that episode to create a multi-year bottom in the PMs, permitting further rampage. (You care what happens next, but you also have to ponder what might happen next-next and next-next-next) IOW, a super buying oppty.
Greece is not really the problem. The problem is the precedent that Greece would set for the upcoming countries of Spain and Italy.
So the cost will be about €100,000 per Greek? Or about three years of Greece’s GDP? Either someone is exaggerating or else they are planning on covering everyone’s bet on the euro on this.
Typical leftist scare tactics.
Leftists are always absolutely horrified at the prospect of losing control and power over others.
Think about the way democrats act when they lose an election.
ponzi schemes MUST grow. Hence, a global fed.
Laying out the groundwork for "it was unexpected" (my emphasis): "OECD chief economist Pier Carlo Padoan told the Wall Street Journal. “We don’t compute the probability of a Greek exit (but) it’s higher now than six months ago.”
Interesting plan being contemplated. Germany and France leave the Euro. The Euro remains a currency for the weaker nations and does not put a drag on the large countries.
Just might be a good idea.