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I'm pretty sure Europe has a second set of currency designs as a contingency plan for such a situation.

Considering the amount of foresight and awareness displayed by the Troika, I seriously doubt that.

Given the incredible hassle that produces that would, of course, eradicate whatever goodwill Greece has left with the other European countries and their citizens.

The present amount of goodwill has caused these other European countries to embark on a course of industrial and human devastation that quite literally cannot be topped short of a full-scale shooting war.

I will leave it to the reader to evaluate the worth of such "goodwill."

And it might even give a political opening for a fracturing into a northern hard and a southern weak Euro. Feel free to imagine the consequences.

Troika exit, stage right.

Why is that not desirable, again?

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Tue Feb 14th, 2012 at 01:53:38 AM EST
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