Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Absolutely.. that's why I can not imagine  the EBC implenting the threat as any other thing that the signal that Greece is out of the euro...

I guess your answer is implicit. :) I am right.. there is no way Greece can stay in the euro without any bank. They need an immediate capitalization.. adn for this (if the ECB doe snot provide it) they must do it with local currency.

A pleasure

I therefore claim to show, not how men think in myths, but how myths operate in men's minds without their being aware of the fact. Levi-Strauss, Claude

by kcurie on Sun May 6th, 2012 at 05:31:20 PM EST
[ Parent ]
There is no way that Greece can remain in the Euro as currently constituted.

Of course neither can Germany remain in the Euro as currently constituted, because the Euro as currently constituted is built to fail.

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Sun May 6th, 2012 at 05:44:49 PM EST
[ Parent ]
And is increasingly visibly doing what it was built to do and, unfortunately, taking maximum casualties with it. The sooner this process is ended the better for all.

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Mon May 7th, 2012 at 01:10:19 AM EST
[ Parent ]


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