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And once the crisis happens, it will be too late...

To the contrary, the day or the day after the collapse has occurred would be the most opportune time to put such a plan into action. The shock will be paralyzing action by most and they will be trying to figure out what they can do. Hopefully, some discussions and a general plan will have been prepared. Hopefully, Yanis Varoufakis will be involved, preferably as a senior advisor or as head of the SEURO Monetary Union, and capital controls will immediately be put into place. Then events will drive the rest. As soon as another EMU member joins the SEURO perceptions will change. And, at the least, countries that join will be joining a Monetary Union run along the lines that the EURO should have been run - for the benefit of all members. I suspect that, even before any new members join, Germany will see the threat and be forced to respond. At least the ice dam will have been broken.

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Sun Aug 28th, 2016 at 08:09:43 PM EST
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