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Just imagine 2 to 3 trillion Euros leaving the Italian economy in a very short period of time

And the Italian central bank should permit this for what reason?

because Italian savers aren't likely to cherish the idea of loosing 30 to 50% of their savings due to the devaluation

Sucks to be an Italian saver, then. Why is this a problem for the Italian economy? Savers have no macroeconomic function.

Such a vast drain of money will result in total economic collapse.

Money can be printed. Please provide a plausible cause and effect story wherein "lack of money" is anything other than a purely political problem.

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Sun Mar 10th, 2013 at 06:55:18 AM EST
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