Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Display:
A country-sized Wörgl is leaving the Euro. De facto if not de jure.

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Tue Feb 14th, 2012 at 07:18:14 PM EST
[ Parent ]
But there is a big political difference between de facto and de jure in this case, no?

The road of excess leads to the palace of wisdom - William Blake
by talos (mihalis at gmail dot com) on Tue Feb 14th, 2012 at 07:23:16 PM EST
[ Parent ]
At this point? I don't think so.

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Tue Feb 14th, 2012 at 07:26:56 PM EST
[ Parent ]
Greece doing Wörgl would probably get Greece kicked out. From a political framing point that might be an advantage to leaving, but it is doubtful considering where media powers sits.

Sweden's finest (and perhaps only) collaborative, leftist e-newspaper Synapze.se
by A swedish kind of death on Wed Feb 15th, 2012 at 05:00:11 AM EST
[ Parent ]
De jure, Greece can't be kicked out. And it can't leave, unless it also leaves the EU. But this is just lawyer talk. Too bad Brussels/Frankfurt is legalist heaven.

Peak oil is not an energy crisis. It is a liquid fuel crisis.
by Starvid on Thu Feb 16th, 2012 at 08:02:05 PM EST
[ Parent ]
Too bad that, 'in legalist heaven', the lawyers can't figure out how to deal with anyone who seriously breaks the system, or even that it has been broken. Completely comparable to the bought and paid for US Congress.

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Fri Feb 17th, 2012 at 02:20:42 PM EST
[ Parent ]
If the circulation of Schillings stopped completely I never heard of it. Why should this time be different?
by generic on Tue Feb 14th, 2012 at 07:53:49 PM EST
[ Parent ]
But the Central Bank banned it and the Supreme Court of Austria declared it a criminal offense to issue more.

So says this book: The making of national money: territorial currencies in historical perspective - Eric Helleiner - Google Books

Sweden's finest (and perhaps only) collaborative, leftist e-newspaper Synapze.se

by A swedish kind of death on Wed Feb 15th, 2012 at 05:08:37 AM EST
[ Parent ]
Thanks for the link. Bookmarked!

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Wed Feb 15th, 2012 at 12:28:06 PM EST
[ Parent ]

Display:

Occasional Series