Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Display:
Exiting the Euro would be a good thing... if the debt were under local law.

The debt is under whatever law the debtor is under. What it says on the lien doesn't really matter to that.

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Thu Mar 7th, 2013 at 04:22:36 AM EST
[ Parent ]
Assuming the debtor doesn't need to travel or trade internationally.

I distribute. You re-distribute. He gives your hard-earned money to lazy scroungers. -- JakeS
by Migeru (migeru at eurotrib dot com) on Thu Mar 7th, 2013 at 04:25:49 AM EST
[ Parent ]
No, that just means he's under a wider set of laws than if he doesn't.

Some of which may be incompatible.

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Thu Mar 7th, 2013 at 04:35:01 AM EST
[ Parent ]

Display:

Occasional Series