The geuro

[Maik]

A parallel currency for Greece?

If Greece fails to get a grip on its finances, the country could be forced to issue a parallel currency - all while officially remaining in the eurozone. Is it time to revisit the idea of a "geuro?"

Greece could still, with the help of its EU creditors, pay its sovereign debt in euros and stay in the euro group.

But by introducting a new domestic parallel currency, which would quickly drop in value compared to the euro, the country would be able to boost its competitive edge, stimulate exports, and kick-start the tourism industry - without being forced to leave the European single currency.

http://www.dw.de/a-parallel-currency-for-greece/a-18331117

[U4ea]

Great idea!

And when it starts work Italy could do thexsame, closely followed by Cyprus, Spain, Ireland & Portugal. (Apologies if I've got the order wrong.)

Then there would be France and maybe even Netherlands. Interspersed would probably be some or all of the "receipient" later entrants.

End result, €uro = D'Mark.

End of?

[TonyKath]

Great idea!

And when it starts work Italy could do thexsame, closely followed by Cyprus, Spain, Ireland & Portugal. (Apologies if I've got the order wrong.)

Then there would be France and maybe even Netherlands. Interspersed would probably be some or all of the "receipient" later entrants.

End result, €uro = D'Mark.

End of?

 

Tony