The European Tribune is a forum for thoughtful dialogue of European and international issues. You are invited to post comments and your own articles.
Please REGISTER to post.
Oh, and clamp down hard currency rationing before you begin.
If you really want to twist the knife, reorder creditor seniority by legal fiat to make - say - Deutche Bank the least senior creditor of all Greek banks. When they have no more DB interbank debt or bonds, proceed to the next major money Eurozone bank you believe is insolvent. If the ECB wants to play chicken with Greek civil society, let's see how many major Eurozone banks it's prepared to lose in the process.
Oh, and when you do it, make sure to widely publicise the amount of impairment of other -zone banks' balance sheets. Of course, those numbers do not have to bear any but the most platonic relationship to the truth. If you can trigger a couple of bank runs with hostile rumour-mongering, then that's a fair enough payback for the ECB's attempts to murder your economy wholesale.
If you really want to have fun, void all non-bank private debt to individuals and other -zone countries.
Friends come and go. Enemies accumulate.
Of course, that's precisely what the ECB is doing right now, which sort of relativises the ethics of the matter...
by DoDo - May 1 21 comments
by Frank Schnittger - Apr 30 3 comments
by Frank Schnittger - May 6 1 comment
by gmoke - Apr 28 7 comments
by Bernard - Apr 24 27 comments
by Frank Schnittger - Apr 27 13 comments
by Frank Schnittger - Apr 27 25 comments
by Frank Schnittger - May 61 comment
by Frank Schnittger - May 4
by DoDo - May 121 comments
by Frank Schnittger - Apr 303 comments
by gmoke - Apr 287 comments
by Frank Schnittger - Apr 2713 comments
by Frank Schnittger - Apr 2725 comments
by Bernard - Apr 2427 comments
by gmoke - Apr 11
by Bernard - Apr 65 comments