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.
Austerity can only be implemented in the shadow of a concentration camp.
by Cyrille - Apr 12 26 comments
by DoDo - Apr 6 39 comments
by Cyrille - Apr 8 6 comments
by Oui - Apr 16 2 comments
by ARGeezer - Mar 31 10 comments
by Zwackus - Mar 29 8 comments
by aquilon - Apr 3 157 comments
by Xavier in Paris - Mar 27 5 comments
by Oui - Apr 162 comments
by Cyrille - Apr 1226 comments
by Cyrille - Apr 86 comments
by DoDo - Apr 639 comments
by aquilon - Apr 3157 comments
by ARGeezer - Mar 3110 comments
by Zwackus - Mar 298 comments
by DoDo - Mar 279 comments
by Xavier in Paris - Mar 275 comments
by ManfromMiddletown - Mar 2066 comments