Skip to content

Will the Greek beaches be beautiful and lonely?

20/05/2012

http://www.economonitor.com/edwardhugh/2012/05/20/can-this-really-be-europe-we-are-talking-about/#idc-container

Edward, thanks for your informative article. Yes there is a big problem. I happened to be in 1 of May in Athens and met some young communists there, who explained what they want. They want to stay in Euro Zone but without austerities. And they are right, there is probably no way to get them out, and as punishment probably it would be wise to stop to transfer liquidity to the Greek banks. But if not, this money probably will come anyway back to German and French banks as direct transfers of Greek deposits to safe heaven. But then, if the Drachma comes back and will be depreciated, then the Euros will come back to Greece and this money will create a huge inflation with appreciation of the Drachma. Exactly this happened in Israel in 1977 with the liberalization of the foreign currency trade, that brought inflation of hundred of percents, viz; my articles,;

https://rodeneugen.wordpress.com/2012/05/14/israeli-economic-miracle-of-1985/

https://rodeneugen.wordpress.com/2012/05/11/762/

So I don’t see any salvation to Greece unless they are ready to do by themselves something about it. Probably as you suggest, Greece will be depopulated. At least if you are looking for lonely beaches, you will have plenty of them. I am of course joking, but what else is left to us?

By the way I liked your, “History is, after all, often more about the unintended consequences of unexpected accidents than it is about plans”.

https://www.facebook.com/CleanTheEconomicMess

Leave a Comment

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

EugenR Lowy עוגן רודן

Thoughts about Global Economy and Existence

Galileo's Pendulum

The Pendulum is Mightier Than the Sword

hanalisablog

A great WordPress.com site

Uneasy Money

Commentary on monetary policy in the spirit of R. G. Hawtrey

Talking Experience

Life is a journey where choices are made every moment

Developing Scalable Cloud Services

NoSQL distributed systems with java, cassandra, hbase, hadoop, mapreduce, mongodb, big data, Netty,c++

moshikrl

Just another WordPress.com site

Yanis Varoufakis

thoughts for the post-2008 world

Patrice Ayme's Thoughts

Morality Without Intelligence Makes As Much Sense As Will Without Mind. Intelligence Is At The Core Of Humanism.

Follow

Get every new post delivered to your Inbox.

Join 35 other followers

%d bloggers like this: