Skip to main content

View Diary: The Euro Crisis by the numbers (165 comments)

Comment Preferences

  •  I've heard of this option but I don't think (2+ / 0-)
    Recommended by:
    gjohnsit, shaharazade

    it will work.

    Any move away from the euro in this fashion automatically assumes that the ECB will no longer back the country's banks. If that happens, banks will be recapitalized in a new currency, which means all savings are then converted.

    There are two kinds of people in this world. The kind who divide the world into two kinds of people, and the kind who don't.

    by upstate NY on Sun Nov 27, 2011 at 12:18:29 PM PST

    [ Parent ]

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site