Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
You could of course unilaterally declare that the nominal face value of outstanding debt will be reduced at the same rate that GDP falls. In two minutes you'd have the Troika clamoring for stimulus programs.

Peak oil is not an energy crisis. It is a liquid fuel crisis.
by Starvid on Mon Feb 20th, 2012 at 01:26:20 PM EST
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