Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
The 'two to three trillion Euros' is highly unlikely to be even mostly cash. Most will be real estate, the price of which can decline but which still retains its use value non-the-less. Most adult Italians have a good idea of how to survive with a currency that is fairly rapidly depreciating. That was their reality for most of the second half of the 20th Century.

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Sun Mar 10th, 2013 at 12:13:34 PM EST
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