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National Bank of Greece S.A. Message Board

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  • debreasystems debreasystems Sep 28, 2010 9:04 PM Flag

    why grease may drop out of euro union

    yeah, i'm aware the ecb cranked out a trillion dollars to halt the fall of the euro. they gonna do it again? how many times?
    did you watch the video?
    tell me why and how they'll manage to stay in the union. in many ways it makes far more sense for them to get out and print their way out of debt, just like america. don't think the germans would object actually.
    just asking a question and looking for intelligent answer not flippant talking your hopeful book.

    • Bear in mind that even if Greece could exit Euroland and revert to the drachma, its sovereign debt which is denominated in Euros would become an even greater burden given the depreciated drachma.

      On the other hand, if it chose to default on its debt, it would not be able to borrow for a very, very long time, e.g., how long is your memory?

      The only sensible thing, for Greece as well as Euroland, is if the Eurounion is preserved. The difficulties ARE SURMOUNTABLE.