See Steve Keen on Tonight with Vincent Brown. He discusses, (about six or seven minutes in), an e-mailed suggestion for Ireland to issue New Punts pegged to the Euro for domestic use only. They would trade Euros for New Punts with Irish citizens and use the Euros so acquired to pay off their Euro denominated debts to 'The Troika', telling them: "Here is your damaged currency back!" With the value of these Euros still circulating domestically as New Punts, the domestic economy would not crash. See also this thread.

"It is not necessary to have hope in order to persevere."