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enlightenment

(8,830 posts)

5. Interesting idea - and it operates

Reply to DetlefK (Original post)

Sun Jun 28, 2015, 10:34 AM

Jun 2015

in nine countries in the Eurozone, so there is potential there. As for who controls the printing and exchange-rate; I should think that would be the Greek government. They usually handle that kind of thing.

I'm curious about the source for your comment about a fake, failed referendum. Looked for some news that Tspiras had withdrawn the idea, but all I'm seeing is that the Parliament has given the okay for it and it is still scheduled for next Sunday. Could you link to that information, please?

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Highlight:

A solution for Greece, invented by a russian farmer and a school-student [View all] DetlefK Jun 2015 OP

There have been similar solutions attempted in various places over time. Erich Bloodaxe BSN Jun 2015 #1

What would happen in the US if, say, each state had their own currency? PoliticAverse Jun 2015 #8

Scrip and alternate currencies like this are legal in the US and while uncommon do circulate. Chan790 Jun 2015 #9

I do think that Denmark and the UK still use their own currency, but do accept Euros. djean111 Jun 2015 #2

The market would ultimately set the exchange rate pscot Jun 2015 #3

Isn't that like when California was printing IOUs? (nt) Nye Bevan Jun 2015 #4

Interesting idea - and it operates enlightenment Jun 2015 #5

The entire Western world owes Greece a major debt of gratitude that it can KingCharlemagne Jun 2015 #6

Thinking outside the box Betty Karlson Jun 2015 #7