If the economy is insolvent, it doesn’t really matter what currency the assets are denominated in. The elephant in the room is the crisis has been created by being in the euro.
aster wrote:Yes - like I mentioned, people are sure happy (make that immensely happy ) that they have their savings in Euro and not some tiny, dinky, second-rate toilet-paper currency.
But it is being in the euro that has killed them
Then again maybe not everyone, after all they could have a handful of people there like yourself who are on some sort of raging obsessive crusade against everything to do with the EU, Euro, etc. regardless of all facts.
Lol, oh no, I'm just the average Joe on the street! Do remember that UKIP came second in the last euro-elections. What do you make of that? Why do you think the people have not and will not be given a vote on EU membership, apart from that they will reject it? Huh? What do you say? I didn't hear that, did you say something?
As mentioned, you want to look at a different example of another European country that went to economic $shit and was unfortunate enough not to have the Euro... just look at Iceland.
Being in the euro wouldn’t have 'saved' them, with the ‘regulatory arbitrage’ that they were playing on a national scale. Hey, if the euro is so great why is it that no one is allowed to leave?
I bet EVERYONE there wished they had the Euro when the $hit hit the fan.
Sure what better than being bankrupt, than being bankrupt and under Germany’s jackboot eh?