Perhaps they should start buying gold, and go on a gold standard over a few months?
Say, a Greek or Irish transitioned gold reserve currency.
Sounds quite farfetched for these regimes. They want to leave the euro precisely presumably to print extra money, which the EU won't allow.
Certainly if they go back to their former fiat currencies, they will be crushed, capital flight beats down the value of the fiat currency, and banks fail, etc.
No comments:
Post a Comment