Quote:
Originally Posted by Arragonis
The issue is the exposure of German and French banks to the debts of Spain, Greece, Portugal etc. What those countries should be allowed to do is to leave the euro, default, devalue and recover.
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I admit I'm pretty confused about that. If a country left the Euro, wouldn't it face pretty stiff expenses to start printing its own currency, and converting all the accounting - everything from prices in stores on up - to the new currency?
Even apart from this expense, how would it help them recover?