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Pilot's Lounge Members meetup

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Old 05-10-2012, 08:43 PM
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Bewolf Bewolf is offline
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So, in the case of Greece leaving...how would they deal with a debt still held in Euros?
So they drive back the reforms done by now to break up monopolies, nepotism and rigid labour structures, basicly the whole overblown government apperatus. Who is going to lend them the money to finance that? Who is going to back the new Drachma?

What are they going to export to actually make use of a depressed currency?
How are they going to finance energy and ressources imports with a massivly depressed currency?

How are you going to catch up the millions already being in a dire situation when their money is worth even less?

I am certainly open to arguments, just curious how you are going to solve this, short and long term.
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Last edited by Bewolf; 05-10-2012 at 08:45 PM.
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Old 05-10-2012, 08:49 PM
Kupsised Kupsised is offline
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That's also the other key point, that if Greece leaves the Euro then their currency will be devalued (else what's the point of leaving?), meaning they pay the same amount they owe in Drachma, but everyone else gets less Euros, Pounds, Dollars or whatever. So essentially if Greece leaves Greece 'wins' (if you can call it winning) and the rest of the world to whom it owes money loses. That includes Britain. That's why I don't understand all this celebrating over the fact that the Euro is burning. We lose a hell of a lot of money if the Euro goes, along with everyone else. It is in our interests for it to stay afloat and, to some extent, to keep it afloat.
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Old 05-10-2012, 08:52 PM
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Bewolf Bewolf is offline
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It would be a win of principle over reality
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