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Then the deficit chickenhawks will need to make one.

Doesn't matter, though, they still won't have a working majority.

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Sat May 15th, 2010 at 06:07:19 PM EST
[ Parent ]
Well you may expel them, but how do you actually stop Greece from using it?

Any idiot can face a crisis - it's day to day living that wears you out.
by ceebs (ceebs (at) eurotrib (dot) com) on Sun May 16th, 2010 at 10:21:40 AM EST
[ Parent ]
Stop them from issuing Greenbacks?

You can't.

If the threat of expulsion from the relevant communities is not sufficient (and if the local population accepts the Greenbacks as payment for services rendered), the only way to stop them is sending in the gunboats.

But of course, if they are forcibly ejected from the €-zone, they would have no particular reason to issue Greenbacks instead of just printing their own money.

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Sun May 16th, 2010 at 01:45:47 PM EST
[ Parent ]

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