Thread: Greece Bailout
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Old 12-11-2011, 20:03   #72
garinda
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Re: Greece Bailout

Quote:
Originally Posted by g jones View Post
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?
I'm not being unnecessarily picky, honest, but I've read this at least five times, and can't make neither head nor tail of it.

It's one of the most bizarre posts ever made, in the history of Accy Web.

What does it mean?

More detail might help, re: Bone, and Nuttall, for those not in such exalted positions of political power, who probably haven't a clue who you're referring to.

Folks round here are more likely to work in packing, than in palaces.

What might make perfect sense in the Palace of Westminster, doesn't up here.

I'm guessing to most of your constituents, certainly to me, it's about as clear as mud.

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