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Re: Greece Bailout
Quote:
Originally Posted by g jones
The problem for the Germans is the Mediterranean nations devalue the Deutchmark.
The problems for the Greeks as I said to Bone and Nuttall, if your a Greek with a €100k and someone whispers Drachma, you shift your Euros to a bank outside of Greece. The question is if everyone thinks the same, what happens to the Drachma and the Greek economy, Greek banks? Can any of them survive? Will the position not be cataclysmic compared to where they are now? A run on the Drachma that would resemble a run on the Zimbadwean currency?
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Deutschmark?
Drachma?
What about the guilder, florin, and groat?
How are they affected by the financial meltdown, we're seeing on mainland Europe?
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'If you're going to be a Kant, be the very best Kant there is my son.'
Johann Georg Kant, father of Immanuel Kant, philosopher.
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