Quick note on Greek Crisis

The Greek economic minister recently retweeted this article, which argues that Greece has all of the leverage in the credit negotiations with Europe, and shouldn’t give in, as if it were to default and leave the Euro, or default or stay in the Euro using a sort of shadow currency, then it could easily shed its debt and resume economic growth.

But if this is true-that Greece would be better off either leaving the Euro outright, or defaulting, staying in the Euro, and using a shadow currency-then what is the Greek economic minister doing wasting time negotiating with Germany? Just leave the Euro now, or start using the shadow script now. The article makes it sound super-easy with no downsides, and you get to be rid of this crushing debt and resume economic growth! Why let Germany dictate any of your political program when you have this great alternative waiting for you?

Advertisements

About irreparabiletempus

God have mercy on me, a sinner.
This entry was posted in Uncategorized. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s