Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Yes, you'll have 18-24 months of rationing and quasi-wartime economy.

Hi Jake, your detailed rebate echoes most of the concerns expressed so far in the fountain of comments this post has spawn. This particular assertion is the most problematic to me, if a state like Greece leaves the EU there wont be any short-term recovery. Moreover, things like a long term shortage of fuels can perform social transformations that may not even be possible to reverse.

The lack of internal production on the primary and secondary sectors, and the cut off from external markets would impose problems that couldn't be solved either easily or fast. True, a lot can be done at the community level, but the impoverishment would still be huge. The best parallel I can draw is with what happened to Cuba and North Korea once the USSR collapsed. Cuba managed to reform itself but it took about a decade; North Korea never really came back.

by Luis de Sousa (luis[dot]de[dot]sousa[at]protonmail[dot]ch) on Sat Mar 17th, 2012 at 02:18:00 PM EST
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